Retractable Technologies, Inc. Declares Dividends to Series I and II Class B Preferred Stock Shareholders

LITTLE ELM, Texas--(BUSINESS WIRE)--Retractable Technologies, Inc. (NYSE MKT: RVP) announced today that its Board of Directors has declared dividends to holders of its Series I Class B and Series II Class B Convertible Preferred Stock in the amounts of $12,937.50 and $44,675.00, respectively. The dividend amount is $0.125 per share for Series I Class B shareholders and $0.25 per share for Series II Class B shareholders. Dividends have accrued at 10% per annum and cover amounts in arrears from June 30, 2012 through date of conversion or September 30, 2012, whichever is applicable. The dividends will be paid on October 22, 2012 to shareholders of record as of the close of business on October 10, 2012.