Empire Resources Inc. announced that its Board of Directors has declared a cash dividend of $0.025 per share. The dividend is payable on January 12, 2010 to stockholders of record at the close of business on December 29, 2009. The Board of Directors intends to review its dividend policy on a quarterly basis and a determination by the Board of Directors will be made subject to profitability, free cash flow and the other requirements of the business.

Empire Resources Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net sales of $51,478,000 compared to $124,510,000 for the same period a year ago. Operating loss was $1,555,000 compared to operating income of $3,669,000 for the same period a year ago. Loss before income taxes was $2,850,000 compared to income before income taxes of $1,772,000 for the same period a year ago. Net loss was $1,511,000 or $0.16 diluted per share compared to net income of $1,127,000 or $0.11 diluted per share for the same period a year ago. For the nine months, the company reported net sales of $170,656,000 compared to $347,803,000 for the same period a year ago. Operating income was $2,140,000 compared to $10,630,000 for the same period a year ago. Loss before income taxes was $2,148,000 compared to income before income taxes of $5,276,000 for the same period a year ago. Net loss was $1,084,000 or $0.11 diluted per share compared to net income of $3,307,000 or $0.33 diluted per share for the same period a year ago. The three and nine month loss is primarily attributable to the onetime charge for the shuttering of the Company's extrusion facility in Baltimore, Maryland. For the quarter, the company reported asset impairment was $2,966,000.

Empire Resources Inc. announced that its board of directors has declared a cash dividend of $0.025 per share. The dividend is payable on October 21, 2009 to stockholders of record at the close of business on October 5, 2009.