Allegiant Technologies complete IPO; San Diego-based multimedia software firm completes initial public offering on Vancouver Stock Exchange.SAN DIEGO--(BUSINESS WIRE)--May 31, 1995--Allegiant Technologies Inc., the developer of SuperCard, a well-known authoring software product used for delivering multimedia content and custom applications, Wednesday announced that the company successfully completed an initial offering of its shares to the public, in Canada, through the facilities of the Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). (trading symbol Trading symbol See: Ticker symbol : AGH AGH Akademia Gorniczo-Hutnicza AGH Allegheny General Hospital (Pittsburgh, PA, USA) AGH Alpena General Hospital (Michigan) AGH Helsingborg, Sweden - Angelholm/Helsingborg (Airport Code) ). The 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 the offering will be used to fund the company's business plans related to furthering the development of its cross-platform core authoring tools; launching its new Internet See Web 2.0 and Internet2. connectivity tools that enable the development of automated applications and custom browsers to run on the Internet; and expanding its reach into database application development markets. Allegiant was organized by the original product team for SuperCard, which was introduced by Silicon Beach Software of San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. in 1989. Silicon Beach was later purchased by Aldus Corp. Allegiant acquired SuperCard and its underlying technologies from Aldus in February 1994, with the aid of venture funding. Aldus itself has since been acquired by Adobe Systems. Allegiant Technologies develops and markets innovative multimedia, Internet and application development software that empowers people to interactively communicate, learn and manage information. SuperCard is the firm's flagship product and uses a powerful object-based scripting language to deliver sophisticated interactivity. New version 2.0 is Power-Macintosh accelerated and is ideal for creating state-of-the-art tools for desktop, Internet and client/server applications; professional multimedia content development; computer-based training (CBT (Computer-Based Training) Using the computer for training and instruction. CBT programs are called "courseware" and provide interactive training sessions for all disciplines. ); and other commercial applications. -0- NOTE TO EDITORS: This announcement appears as a matter of record only and should not be construed as a solicitation for the purchase or sale of securities of the company. The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release. CONTACT: Allegiant Technologies Inc., San Diego Joel Staadecker, 619/587-0500, ext. 105 |
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