Mediagrif Interactive Technologies Inc. Declares Cash Dividend; Reaffirms FY 2012 Guidance

Mediagrif Interactive Technologies Inc. announced that the Board of Directors declared a cash dividend of $0.08 per share, payable on April 16, 2012, to shareholders of record at the close of business on April 2, 2012. The Company also announced that it expects its consolidated revenues for fiscal 2012, to increase by approximately 20% on an annualized basis and EBITDA to be in the range of $17.5 million to $19.5 million, without taking into account costs relating to the acquisition. According to I/B/E/S Estimates, analysts were expecting the Company to report EBITDA of $19.5 million for fiscal 2012.