Emerson Radio Corp. Declares Extraordinary Cash Dividend of $0.70 per Common Share

Emerson Radio Corp. (NYSE MKT: MSN) today reported that the Special Committee of its Board of Directors declared an extraordinary cash dividend of $0.70 per common share payable on September 30, 2014 to shareholders of record of the Company at the close of trading on September 12, 2014. In mid August, Emerson reported net income for three months ended June 30, 2014 of $0.7 million, or $0.02 per diluted share on net revenues of $25.9 million, compared to a net income of $1.4 million or $0.05 per diluted share on net revenues of $24.7 million for the same period of the prior fiscal year and reported cash and cash equivalents of $47.9 million as of June 30, 2014.