4Front Software International, Inc. announces completion of offering of 3 million shares; 4Front Now Quoted On Nasdaq National Market System.LONDON--(BUSINESS WIRE)--June 19, 1996--4Front Software International, Inc. (Nasdaq NM Symbol: FFST FFST First Failure Support Technology FFST Fat Free Soft Tissue FFST Full and Flat Square Tube (Cathode Ray Tube design) ) today announced that it has sold 3 million shares of its common stock at $5.75 per share, having received net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). of $15,870,000. The common stock is traded on the Nasdaq National Market under the symbol FFST. The underwriters for the offering are Kaufman Bros BROS Brothers BROS Benefits and Retirement Operations Section (King County, Washington) BROS Barnes and Richmond Operatic Society (London, UK) ., L.P. and First Albany Corporation. 4Front Software International, Inc., a UK-based specialized computer services company provides a wide range of specialized high-end information technology solutions and services principally to Financial Times UK Top 500 companies and government authorities. The Company provides key elements of distributed computing, including systems development and integration, storage and client-server solutions and products, as well as extensive hardware and software support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services . The Company's customers include National Westminister Bank plc, British Aerospace plc, Oracle Corporation UK Ltd., Royal Dutch/Shell Group plc, Orange plc, British Telecom plc, Alcatel Data Networks Ltd., Sun Microsystems Corp., Cambridge University and the British Ministry of Defense. CONTACT: Investor Relations Investor relations The process by which the corporation communicates with its investors. : John Nesbett, ext. 101 Jason Thompson, ext. 124 Lippert/Heilshorn & Associates, Inc. 212/838-3777 OR Mark Ellis or Ken Newell 4Front Software International, Inc. 011/44-1923-816266 |
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