READING, Pa., March 14, 2011 (GLOBE NEWSWIRE) -- USA Recycling Industries, Inc., fka Voyager Petroleum Inc. (Pink Sheets:USRI) (Frankfurt:DXD), a scrap metals recycler servicing the automotive service center chain store industry with commercial customers throughout North America today announced that its Board of Directors has declared a stock dividend of the Company's Common Stock to holders of record as of March 31, 2011 (the Record date) in which the Company will pay shareholders a stock dividend of 25% per share for each share owned on the Record date. The stock dividend will be paid on the payment date of April 15, 2011 to shareholders of record based on the number of shares the shareholder owns on the March 31, 2011 Record date. Further, the Company's officers, directors, principal shareholders and employees have waived participation in any such dividend payment at this time. Vincent J. Smith, CEO of the Company, stated "As we continue to execute our reorganization, we certainly recognize the importance of the Company's shareholders and the issuance of this significant stock dividend is in direct appreciation of their continued loyalty and support as Management executes its business plan on a going-forward basis."
About the Company
USA Recycling Industries, Inc. formerly known as Voyager Petroleum, Inc. () is a publicly traded mid-market scrap metal recycler servicing commercial & industrial customers throughout North America. The Company now participates in a $75 billion global scrap metals market through its acquisition of Scrap USA in December 2010. Operating since 2007, Scrap USA has been focused on and successful in targeting the Automotive Service Centre Industry. It currently provides specialty recycling programs to more than 4,000 automotive service centre locations operated by some of the most recognizable names in that retail category. The Company's contracted automotive scrap metal suppliers are listed on the NASDAQ, New York Stock Exchange and others are owned by some of the world's largest hedge funds. Having developed a national footprint in its current market of scrap metal collection & processing the company is now comfortable with integrating other ancillary products such as used motor oil and other automotive related recyclables to its specialty services.
Safe Harbor Forward-Looking Statements
To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, future collaboration agreements, the success of the Company's development, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made.
CONTACT: Vincent J. Smith - CEO USA Recycling Industries, Inc. 877-464-5865
