Advanced Neuromodulation Systems Files Registration Statement for Public Offering.Business Editors DALLAS--(BUSINESS WIRE)--April 24, 2002 Advanced Neuromodulation Systems, Inc. (ANS (ANS Communications, Inc, Purchase, NY) An ISP, Internet backbone and provider of private data network services, founded in 1990 as Advanced Network & Services, Inc., by IBM, MCI and Merit (consortium of Michigan universities). ) (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ANSI (American National Standards Institute, New York, www.ansi.org) A membership organization founded in 1918 that coordinates the development of U.S. voluntary national standards in both the private and public sectors. It is the U.S. member body to ISO and IEC. ) announced today that the Company has filed a registration statement with the Securities and Exchange Commission relating to a proposed public offering of 2,500,000 shares of common stock, $0.05 par value per share. The entire 2,500,000 shares are being offered by the Company. In addition, ANS intends to grant the underwriters of the offering an over-allotment option to purchase up to 375,000 additional shares of common stock. U.S. Bancorp Piper Jaffray, CIBC World Markets CIBC World Markets is the investment banking division of the Canadian Imperial Bank of Commerce. It helps governments, large companies, and other large institutions obtain capital and credit and is a primary dealer in U.S. Treasury securities. and Gerard Klauer Mattison are the managing underwriters. A copy of the prospectus relating to the offering, when available, may be obtained from U.S. Bancorp Piper Jaffray, 800 Nicollet Mall, Minneapolis, MN 55404-7020 (612) 303-6220, CIBC World Markets, 417 Fifth Avenue, 2nd Floor, New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , 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 10016 (212) 667-7200, or Gerard Klauer Mattison, 529 Fifth Avenue, 2nd Floor, New York City, New York 10017 (212) 885-4100. A registration statement relating to these 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 press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such state. About Advanced Neuromodulation Systems Advanced Neuromodulation Systems designs, develops, manufactures and markets implantable systems used to manage chronic intractable pain and other disorders of the central nervous system. Additional information is available at www.ANS-medical.com. |
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