TORRANCE, Calif., Aug. 9 /PRNewswire-FirstCall/ -- DIVIDEND Summa Industries (NasdaqGM:SUMX) announces that its Board of Directors has declared a quarterly cash dividend of $.06 per share on the Company's common stock, payable on or about September 20, 2006 to stockholders of record at the close of business on September 8, 2006. LINE OF CREDIT Summa's principal bank has extended the expiration date of the Company's line of credit to June 1, 2008. The outstanding balance on the line, which was reported as a current liability in the Company's report on Form 10-Q for the quarter ended May 31, 2006, will be reported as a long-term liability at August 31, 2006. REAL ESTATE Summa previously announced that it entered into an agreement to sell a vacant factory site in Orange County, California to a real estate developer for approximately $5 million. After numerous delays, the sale was most recently scheduled to close in August 2006. The developer has encountered further delays, as a consequence of which, the sale has been further delayed until November 2006. As the transaction is subject to several contingencies, primarily governmental approvals and rezoning for residential use, there can be no assurance that this particular sale will be completed or the timing thereof, if it is completed. Statements in this news release which relate to future plans, financial results or projections, events or performance are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and fall under the safe harbor. These forward-looking statements include, but are not limited to, statements or implications regarding future dividends, the future indebtedness and the classification thereof on the Company's balance sheets, and the plans of the Company to sell real estate and the timing of and expected value to be realized from such a sale. Actual results could differ materially from those anticipated in the forward-looking statements as a result of a number of factors, including, but not limited to, the inability of the Company to pay dividends or the subsequent decision not to declare dividends, a breach or default by the Company of any loan obligations, the inability of the Company to divest the real estate, further delays in the sale process, the discovery of unanticipated contingencies, unforeseen changes in financial markets or real estate markets and other risks and uncertainties described in detail under "Risk Factors" in Summa's Annual Report on Form 10-K for the fiscal year ended August 31, 2005. Summa Industries manufactures proprietary plastic components for industrial and commercial markets. For further information, contact James R. Swartwout, (310) 792-7024; ; http://www.summaindustries.com/ DATASOURCE: Summa Industries CONTACT: James R. Swartwout of Summa Industries, +1-310-792-7024 or Web site: http://www.summaindustries.com/

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