USA Recycling Industries, Inc., fka Voyager Petroleum Inc., a scrap metals recycler servicing the automotive service center chain store industry, is now trading under a new trading symbol, “USRI”. CEO Vincent J. Smith said USA Recycling is pleased to take a major step forward with its reorganization plans that will further enhance long-term shareholder value and better position the company for future acquisition activities in the automotive recycling arena.
The company also recently declared a stock dividend to holders of record as of March 31, 2011. According to the press release, USA Recycling 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. The company’s officers, directors, principal shareholders and employees have waived participation in any such dividend payment at this time.
Mr. Smith commented, “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.”