ALBARA ANNOUNCES PROPOSED PUBLIC OFFERING
ALBARA ANNOUNCES PROPOSED PUBLIC OFFERING CONROE, Texas, Oct. 29 /PRNewswire/ -- Albara Corp.
(OTC Bulletin Board: ALAB) (the "company") announced today that it filed a registration statement with the Securities and Exchange Commission on Oct. 26, 1992, for the public offering of 450,000 shares of its common stock. Tamaron Investments Inc. will act as the managing underwriter of the proposed offering. The anticipated per-share price for the offering will be based on the current market price of the stock as of the date of the offering and is anticipated to be between $5.50 and $7 per share.
A registration statement relating to the securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This news release shall not constitute an offer to sell or a solicitation to buy nor shall there by any sale of the securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state. The preliminary prospectus pertaining to this offering has not yet been circulated. At such time as the company decides to circulate such prospectus, it may be obtained from the offices of Tamaron Investments Inc., 5975 Greenwood Plaza Blvd., Ste. 106, Englewood, CO 80111. Albara, through its two operating subsidiaries, develops, publishes and markets computer hardware, software and peripherals for the Apple Macintosh microcomputer. Marketing of its products is done via direct response marketing, authorized dealers and value added resellers. Albara has two operating subsidiaries, Micro Business Solutions Inc. ("MBSI") and NorthCon Technologies Inc. ("NCTI"). MBSI operates under the tradename "Hardware That Fits" and sells computer hardware and peripherals for the Macintosh microcomputer via the direct response market. In addition, MBSI markets its own line of hardware products that includes laser printers, a color printer, a color scanner, and both grayscale and color monitors under the "RealTech" tradename. NCTI currently markets one software product to computer dealers and mail order companies, Helix Express, a database which utilizes client-server architecture. The common stock of Albara is traded in the over-the-counter market and is listed in the Bulletin Board maintained by the National Quotation Bureau. -0- 10/29/92 /CONTACT: Holly Arbuckle of Albara, 409-539-2992/ (ALAB) CO: Albara Corp. ST: Texas IN: CPR SU: OFR
MC -- DV003 -- 6418 10/29/92 09:05 EST
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|Date:||Oct 29, 1992|
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