Stockholders' Equity

9 Months Ended

Jul. 31, 2011

Notes to Financial Statements

Stockholders' Equity

NOTE   14   -  STOCKHOLDERS’ EQUITY:

a. Treasury Stock.  The Company utilizes the cost method of accounting for treasury stock.  The cost of reissued shares is determined under the last-in, first-out method.  The Company did not purchase any shares during the three and nine months ended July 31, 2011 and 2010.

b. Dividends:   On July 28, May 2, and January 31, 2011, the Company paid a cash dividend of $166,989 ($0.03 per share) to all stockholders of record as of July 18, April 29, and January 17, 2011.