Asymetrix Learning Systems, Inc. Announces Initial Public Offering of 3,000,000 Shares of Common Stock at $11.00 Per Share.BELLEVUE, Wash.--(BUSINESS WIRE)--June 11, 1998--Asymetrix Learning Systems, Inc. (NASDAQ/NMS:ASYM) today announced an initial public offering of 3,000,000 shares of Common Stock at an Initial Public Offering price of $11.00 per share. All of the shares are being offered by the Company. The Common Stock will trade on the 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 National Market(R) under the symbol "ASYM." NationsBanc Montgomery Securities, BancAmerica Robertson Stephens and Hambrecht & Quist LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , are managing the offering. Asymetrix has granted the underwriters an option to purchase an additional 450,000 shares of Common Stock solely to cover over-allotments, if any. Asymetrix Learning Systems, based in Bellevue, Washington Bellevue is a rapidly growing city in King County, Washington, U.S., across Lake Washington from Seattle. Long known as a suburb or satellite city of Seattle,[1] it is now categorized as an edge city or a boomburb. , is a leading provider of online enterprise learning solutions designed to enable organizations to capture, deploy and manage knowledge more effectively for use as a competitive advantage. The Company's comprehensive learning solution consists of an open, standards-based, Internet-centric technology platform as well as professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. for the online learning market. The Company's technology platform includes ToolBook II Instructor and ToolBook II Assistant, products which enable customers to author online learning applications, and Librarian, a learning management system designed to enable customers to deploy and manage such applications. The Company's professional services include a wide range of consulting and custom development services focused on the online learning market as well as training and customer support. A copy of the final prospectus Final Prospectus A legal document stating the price of a newly issued security, the delivery date, and other facts that are important for investors. Notes: The final prospectus must be given to every investor who purchases a new issue of registered securities. related to the offering can be obtained from the Syndicate Department at: NationsBanc Montgomery Securities, 600 Montgomery Street Montgomery Street is a north-south thoroughfare in San Francisco, California, in the United States. It runs about 16 blocks from the Telegraph Hill neighborhood south through downtown, terminating at Market Street. , 18th Floor, San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , CA 94111 415/627-2000; BancAmerica Robertson Stephens, 555 California Street, Suite 2600, San Francisco, CA 94104 415/781-9700; or Hambrecht & Quist LLC, One Bush Street, San Francisco, CA 94104 415/439-3423. This press release shall not constitute an offer to sell, or the solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual 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. CONTACT: Asymetrix Learning Systems Investor Contact: John Atherly, 425/637-462-0501 Email: johna@asymetrix.com or Asymetrix Learning Systems Media Contact: Helene Love, 425/637-1609 Email: helenel@asymetrix.com |
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