American Quantum Cycles Closes Secondary Offering for $8 Million.MELBOURNE, Fla.--(BUSINESS WIRE)--Sept. 30, 1999-- American Quantum Cycles Inc., today announced that it has closed on its secondary offering selling 2,430,000 shares of its Common Stock at $3.50 per share raising a gross of approximately $8.5 million. Barron Chase Securities Inc is the managing underwriter Managing underwriter The leading firm in an underwriting group, which originates the deal and acts as an agent for the group. managing underwriter See lead underwriter. for the public offering. American Quantum's Common Stock trades on the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. under the symbol "AFV AFV Alternative-Fuel Vehicle AFV America's Funniest Home Videos (TV show) AFV Armored Fighting Vehicle AFV America's Funniest Videos AFV Amniotic Fluid Volume AFV America's Funniest Home Video AFV Avantage Fiscal ". About American Quantum Cycles American Quantum Cycles manufactures American-made, high performance, custom-made, cruisers and touring style motorcycles with state-of-the-art engines utilizing a patented four-valve head for greater power and lower pollutant pol·lut·ant n. Something that pollutes, especially a waste material that contaminates air, soil, or water. emissions. Using a PC-based kiosk Intranet/Extranet system installed in dealer showrooms, customers can select a precise motorcycle design Motorcycle Design can be described as activities that define the appearance, function and engineering of motorcycles. Professionally it is a branch of industrial design, similar to automotive design using identical techniques and methodology, but not as focused on styling. with options tailored to their requirements. For more information visit the Company's Web site at www.quantumcycles.com. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there by any sale of these securities in any State or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State or jurisdiction. This release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that are subject to risks and uncertainties. Although American Quantum Cycles believes that the expectations reflected in its forward looking statements are reasonable, actual results could differ materially from those expectations. Important cautionary statements and risk factors that would affect actual results are discussed in materials filed by American Quantum Cycles with the Securities and Exchange Commission. |
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