On January 26, 2015, the Board of Directors of CTM Media Holdings, Inc, in light of the Company's cash position, determined to declare the payment of a cash dividend in the amount of $1.63 per share (approximately $750,000 in the aggregate) which, subject to confirmation by the company's management that there is sufficient surplus as of the proposed payment date, will be paid on or about February 19, 2015 to stockholders of record as of February 9, 2015 of the Company's Class A common stock, Class B common stock and Class C common stock.