Exhibit 99.1

                       Robocom Systems International Inc.
                     Declares a Dividend of $0.57 per Share

WOODBURY,  NY, July 17, 2006 - Robocom Systems  International Inc. (OTCBB: RIMS)
announced today the results of its annual meeting of  shareholders  held on June
28, 2006.

The   Company's   shareholders   approved  an   amendment  to  the  Articles  of
Incorporation to increase the total number of authorized  shares of Common Stock
from 30,000,000 shares to 125,000,000  shares, to permit the shareholders to act
without a meeting  by  written  consent  of the  holders of less than all of the
outstanding  shares and to prescribe a majority vote of the  outstanding  shares
for the  adoption or approval  of a plan of merger or  consolidation,  the sale,
lease,  exchange or other  disposition of all or substantially all of the assets
of our  company,  or a plan of binding  share  exchanges.  At the  meeting,  the
shareholders  also  approved the  nominations  to the Board of Directors and the
ratification of the Company's independent auditors.

Upon  approval of the amendment to the Articles of  Incorporation,  the Board of
Directors  approved the payment of the  dividend  declared by the Board on April
17, 2006. The Company will pay a dividend to its  shareholders of record on July
14,  2006  totaling  approximately  $2,760,000,  or $0.57  per  share,  less any
applicable withholding tax.

The Company  expects this dividend to be paid to its  shareholders  in late July
2006.  This  dividend  represents  approximately  87% of the total assets of the
Company.

The Company has not yet made any firm determination  about future business plans
and is considering  several  alternatives,  including a possible  transaction in
which the Company sells or merges its "public  shell"  corporation  to or with a
private operating business whereby the Company's  shareholders would retain some
ownership interest in the surviving public corporation.  Currently,  the Company
has no  commitments  or agreements  with any other person or entity  regarding a
proposed transaction.

Irwin  Balaban,  Robocom's  President and CEO, said, "I am pleased to be able to
distribute this dividend to our  shareholders  while we continue to look for the
right fit in a merger transaction."

For more information,  please contact Investor  Relations at 17 Fairbanks Blvd.,
Woodbury, NY 11797.