| Crystal Springs Land and Loan (CSL) News:
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2008-04-01
CSL Shareholders Receive L$100,000 Total Dividens For March
.01L per share paid to investors for the month of March |
CEO Skip Oceanlane announced a L$100,000 dividend (.01L per share) paid to Crystal Springs Land and Loan shareholders for the month of March. In 31 days, a total of L$400,000 L has been paid out to CSL stock investors. We are very proud of being able to do this, and hope that next month's dividend is even larger.
Sales were down slightly in March, and a few sim loan defaults put a crimp into revenues, yet Crystal Springs Land and Loan still paid off debt and paid shareholders L$100,000. The company will concentrate on filling land that has been given up or is no longer rented, so profits will increase. There will be a few sim loan payoffs which should help reduce debt significantly, and depending on cash reserves more sim loans made available to customers.
So while other stock exchanges falter, disappear or close down because of fraud or "technical difficulties", you can be happy that it's just business as usual here. CSL stock investors are making money, business is still solid, and CSL investors can expect dividends to be paid once again for April. As always, thank you for making us so successful!
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