Delivery Technology Solutions, Inc. (Pinksheets:DTSL), the leader in delivery management technology, has completed participation at one of the largest restaurant franchisee conventions, held July 22-25, 2010. Its UDS division attended the convention by invitation of the leading franchisor, and was able to showcase its large corporate catering and event management delivery technology platform to many of the thousands of convention attendees, and a range of other potential partners in the industry and associated industries.
�This was our first opportunity to interact face-to-face on a large scale with franchisees from all across American, Canadian, European, Middle Eastern and Asian markets,� said Ryan Coblin, CEO. �We could shake their hands, explain the opportunities our solutions offer, answer their questions and sign them up for follow-up contacts.�
Over the three-day event the company was successful in signing up franchisees that own thousands of locations, and multiple-territory development agents who represent thousands more. These signed prospects will be contacted by the franchisor and UDS to offer them optional programs to expand their customer base, increase sales and build new profits for their restaurants. Qualified franchisees are enrolled in the optional programs, and then UDS proprietary software is implemented at their unit, so orders may be received from the UDS Call Center and Online Ordering technology.
�As exciting as it was to meet the franchisees and development agents,� Mr. Coblin commented, �We also connected with old and new friends in the vendor community, representing some of the most famous brands in the industry, and other Fortune 500 companies, to open and further discussions toward cooperative partnerships to develop greater opportunities within the franchise population.�
Sensata Technologies Holding N.V. (NYSE: ST) is one of the world’s leading suppliers of sensing, electrical protection, control and power management solutions. Majority-owned by affiliates of Bain Capital Partners, LLC, a leading global private investment firm, and its co-investors, Sensata employs approximately 10,000 people in nine countries. Our products improve safety, efficiency and comfort for millions of people every day in automotive, appliance, aircraft, industrial, military, heavy vehicle, heating, air conditioning, data, telecommunications, recreational vehicle and marine applications. For more information, please visit our web site www.sensata.com.
Sensient Technologies Corporation (NYSE:SXT) announced that two of its elected officers (Messrs. Hobbs and Hammond) have each adopted a new SEC Rule 10b5-1 plan for trading company stock. Each plan covers periodic sales of Sensient stock that occur until the retirement of each officer, with sales beginning in December 2010. Each plan was adopted during an authorized trading period when the officers were not in possession of material, non-public information. The transactions under the plans will be disclosed publicly through Form 144 and Form 4 filings with the Securities and Exchange Commission.
The new Rule 10b5-1 trading plans provide for the sale of shares in order to allow for the payment of individual federal and state income taxes associated with Sensient stock awards. Under the new plans, each officer will sell 50% of the shares obtained when restrictions lapse on Sensient shares awarded in 2007 and thereafter. The plans will also result in the sale of 50% of any award granted after each officer attains the age of 65. These plans do not impact any of the Rule 10b5-1 plans the company�s officers already have in place.
Service Corporation International (NYSE:SCI), the largest provider of deathcare products and services in North America, has announced that its Board of Directors has approved a quarterly cash dividend of four cents per share of common stock. The quarterly cash dividend announced today is payable on October 29, 2010 to shareholders of record at the close of business on October 15, 2010. While the Company intends to pay regular quarterly cash dividends for the foreseeable future, all subsequent dividends, and the establishment of record and payment dates, are subject to final determination by the Board of Directors each quarter after its review of the Company’s financial performance.
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