ADFlex Solutions Inc. commences public offering of common stock.CHANDLER, Ariz.--(BUSINESS WIRE)--May 24, 1995--ADFlex Solutions Inc. (Nasdaq/NM:AFLX) Wednesday announced that it has commenced a public offering of 2.1 million shares of common stock at a price of $25.50 per share. Of the shares being offered, 237,500 shares are being sold by the company, and 1,862,500 shares are being sold by selling shareholders. Underwriters Robertson, Stephens & Co., L.P. and PaineWebber Inc. have an option to purchase an additional 315,000 shares from selling stockholders to cover over-allotments. Company proceeds, net of expenses, of approximately $5,478,500 will be used for working capital and general corporate purposes. The company will not receive any of the proceeds from shares sold by selling stockholders. Following completion of the offering, ADFlex will have 6,869,050 common shares outstanding. ADFLex Solutions is a leading U.S. supplier of flexible circuit-based interconnect (1) To attach one device to another. (2) A physical port (plug, socket) or wireless port (transmitter, receiver) used to attach one device to another. solutions to the computer, computer peripheral and communications industries communications industry, broadly defined, the business of conveying information. Although communication by means of symbols and gestures dates to the beginning of human history, the term generally refers to mass communications. . Applications for flex- based interconnects include cellular telephones, hard disk drives and other storage systems, high-end consumer products, notebook computers A laptop computer that weighs in a range from five to seven pounds. The term originated when laptops were routinely more than 10 pounds, and those that became lighter were placed in a special "notebook" category. In practice, notebook computer and laptop computer are synonymous. , pagers and personal communications systems In telecommunication, a communications system is a collection of individual communications networks, transmission systems, relay stations, tributary stations, and data terminal equipment (DTE) usually capable of interconnection and interoperation to form an integrated whole. . Copies of the prospectus may be obtained from Robertson, Stephens & Co., L.P., 555 California St., Suite 2600, San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , Calif. 94014 (415/781-9700) or from PaineWebber Inc., 1285 Avenue of the Americas, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , N.Y. 10019 (212/713-2000). CONTACT: ADFlex Solutions Inc. Robert G. Pape, 602/963-4584 or Silverman Heller Associates Eugene G. Heller, 310/208-2550 |
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