Metairie, LA., April 8, 2005 (BUSINESS WIRE) – Biloxi Marsh Lands Corporation (Pinksheets:BLMC) today announced that its shareholders have taken the following action at the annual meeting of shareholders held on April 7th:
• The slate of class II directors proposed by the Board of Directors has been elected.
The Company also announces that its Board of Directors declared a cash dividend of $ .75 per share of Common Stock, payable on May 11, 2005, to shareholders of record on April 27,2005.
The Company has established a website to provide information to its shareholders, potential investors and individuals or organizations which may have an interest in the Company. The website address is www.biloximarshlandscorp.com. The Company urges all those with an interest in the Company to visit the website.
On Friday, April 29, 2005, the Company plans to release its financial results for the 1st Quarter of 2005 and provide an update.
Biloxi Marsh Lands Corporation owns approximately 90,000 acres of marsh lands located in St. Bernard Parish, Louisiana. It derives the vast majority of its revenue from oil and gas exploration and production activities that take place on or near the company’s land. The company also derives revenues from surface rentals. Please contact the company via email, [email protected] for more information about BLMC.
CONTACT: Biloxi Marsh Lands Corporation, Metairie
Colleen Starks, 504.837.4337