Network-1 Announces Ex-Dividend Date of December 9, 2010
NEW YORK, Dec. 1, 2010 /PRNewswire-FirstCall/ -- Network-1 Security Solutions, Inc. (OTC Bulletin Board: NSSI) ("Network-1") announced today that the ex-dividend date for its recently announced special dividend has been determined by the Financial Industry Regulatory Authority ("FINRA"). On November 22, 2010, Network-1 announced that its Board of Directors had declared a special cash dividend of $0.10 per share on each share of Network-1's common stock. The dividend will be payable on December 20, 2010, and Network-1 had set the record date for the dividend as December 13, 2010. The ex-dividend date established by FINRA is December 9, 2010.
ABOUT NETWORK-1 SECURITY SOLUTIONS, INC.
Network-1 Security Solutions, Inc. is engaged in the acquisition, development, licensing and protection of its intellectual property and proprietary technologies. It currently owns six patents covering various telecommunications and data networking technologies and is currently focusing its licensing efforts on its Remote Power Patent (U.S. Patent No. 6,218,930) covering the remote delivery of power over Ethernet networks. Network-1 has entered into 11 license agreements with respect to its Remote Power Patent including licenses with Cisco Systems, Inc. (and Cisco-Linksys), Extreme Networks, Inc., Netgear Inc., Microsemi, Inc., D-Link Corporation and D-Link Systems, Inc. The Remote Power Patent was granted by the U.S. Office of Patents and Trademarks on April 21, 2001 and expires on March 11, 2020. Network-1 continually reviews opportunities to acquire or license additional intellectual property for the purpose of pursuing licensing opportunities related to its existing intellectual property portfolio or otherwise
Corey M. Horowitz, Chairman and CEO
Network-1 Security Solutions, Inc.
SOURCE Network-1 Security Solutions, Inc.