Contact: John L. Morgan
FOR IMMEDIATE RELEASE
WINMARK CORPORATION ANNOUNCES CASH DIVIDEND
Minneapolis, MN (October 24, 2012) Winmark Corporation
(Nasdaq: WINA) announced today that its Board of Directors
has approved the payment of a cash dividend to shareholders.
The quarterly dividend of $0.04 per share will be paid on
December 3, 2012 to shareholders of record on the close of
business on November 7, 2012. Future dividends will be
subject to Board approval.
Winmark Corporation creates, supports and finances business.
At September 29, 2012, there were 958 franchises in operation
under the brands Plato's Closet®, Play It Again Sports®,
Once Upon A Child®, and Music Go Round®. An additional 59
retail franchises have been awarded but are not open. In
addition, at September 29, 2012, the Company had a lease
portfolio of $34.1 million.
This press release contains forward-looking statements within
the meaning of the safe harbor provisions of Section 21E of
the Securities Exchange Act of 1934, as amended (the
"Exchange Act"), relating to future events or the future
financial performance of the Company including statements
with respect to our ability to finance the growth of our
leasing and franchising businesses for the foreseeable
future. Such forward-looking statements are only predictions
or statements of intention subject to risks and uncertainties
and actual events or results could differ materially from
those anticipated. Because actual result may differ,
shareholders and prospective investors are cautioned not to
place undue reliance on such forward-looking statements.