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Bermuda Bakery Chairman Comments On Company's Progress
Hamilton, Bermuda: 27th January 2006 - The Bermuda Stock Exchange (BSX) was advised today of the following announcement from the Bermuda Bakery (BAKE).
In announcing a dividend of thirty-five (35) cents per share for the fourth quarter of 2005, payable to shareholders of record as at 3rd February 2006, Bermuda Bakery Chairman, David White, stated that the Directors of the Company intend to return a reasonable dividend while at the same time focusing resources on the successful implementation of its long-range objectives.
Mr. White further stated that the Company's results have been successfully turned around following the implementation a new business plan and that the Directors are actively looking at the future use, and possible development, of the Company's Pitts Bay Road property.