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Jul 30, 1999

B.T.L. to pay largest dividends ever

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Over five hundred shareholders crowded the Biltmore Plaza Thursday night to find out just how well their company, B.T.L., performed over the last financial year… and they weren’t disappointed. Gross revenues increased to a record eighty million dollars, pretax profits rose to a peak of forty-two million, after tax profits reached an all time high of twenty-seven million and the declared dividend of fifty nine cents per share is a payout so large as to be almost embarrassing. But while the company’s financial health has never been so robust Chairman Lisa Shoman chose to emphasize the need for the monopoly telecom to adapt to the realities of the new century.

Lisa Shoman, Chairman, B.T.L.

“B.T.L. is non-the-less now a company in transition. B.T.L. is on the verge of looking at a market that is becoming competitive, at a market which will force us to face the reality that competition is at hand and that we do live in a competitive world.

Having said that, however, we can rely on what have always been our best strengths: the investments we have made in current and cutting edge technology and of course as our motto this year says our human resources.”

Newly appointed to the B.T.L. Board of Directors representing the Social Security Board is Vincent Parks. Re-elected as Vice Chairman was Billy Musa Senior.

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