America Online Latin America Announces Filing of Registration Statement for Initial Public Offering.Business Editors/Hi-Tech Writers FORT LAUDERDALE Fort Lauderdale (lô`dərdāl), residential, commercial, and resort city (1990 pop. 149,377), seat of Broward co., SE Fla., on the Atlantic coast; settled around a fort built (c.1837) in the Seminole War, inc. 1911. , Fla.--(BUSINESS WIRE)--January 20, 2000 America Online See AOL. Latin America, Inc. announced today that it has filed a registration statement with the Securities and Exchange Commission relating to a proposed initial public offering of its Class A common stock. In its filing, AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. Latin America (proposed ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors AOLA AOLA America Online Latin America ) registered to sell up to $575,000,000 of its Class A common stock. Salomon Smith Barney Inc., Donaldson, Lufkin &Jenrette Securities Corporation and Lehman Brothers Inc. will act as underwriters of the offering. A copy of the prospectus relating to these securities may be obtained when available from Salomon Smith Barney Inc., Brooklyn Army Terminal The Brooklyn Army Terminal consists of large complex of piers, docks, warehouses, cranes, railroad sidings and cargo loading equipment. The terminal was responsible for shipment of army equipment and personnel overseas. , 140 58th Street, 8th Floor, Brooklyn, 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 11220 (tel: 718/765-6732), Donaldson, Lufkin &Jenrette, 277 Park Avenue, 7th Floor, New York, New York 10172 (tel: 212/892-4525), or Lehman Brothers Inc., c/o Automatic Data Processing Same as data processing. , Prospectus Fulfillment, Niokioh Wright, 55 Mercedes Way, Edgewood, New York 11717 (tel: 516/254-7106). 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. About America Online Latin America, Inc. America Online Latin America is a provider of localized, AOL-branded interactive services in Latin America. The company will offer online services to subscribing members, which will be developed on a country-by-country basis in each of their target markets, and Internet portals, which will be freely available to all Internet users. The company launched its AOL-branded interactive services in Brazil in November 1999. In addition to Brazil, the company's other target markets include Mexico, Argentina and additional countries in Latin America. The company expects to derive revenues principally from member subscriptions and will seek to build their online service member base and portal user base in order to generate additional revenues from advertising and e-commerce. 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 laws of any such State. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion