BBSI Announces the Successful Completion of Its Common Stock Offering.PORTLAND, Ore. -- Barrett Business Services, Inc. (Nasdaq:BBSI BBSI Bioengineering and Bioinformatics Summer Institute (NIH-NSF) BBSI Black Belt Schools International BBSI Beauty and Barber Supply Institute, Inc ) announced today that, in connection with its recent follow-on common stock offering, the underwriters have exercised in full their option to purchase an additional 320,850 shares of BBSI common stock to cover over-allotments. This action increases the total number of shares sold by BBSI in the common stock offering to 2,184,850 shares at a price to the public of $16.25 per share before underwriting discounts and commissions. BBSI President and Chief Executive Officer, William W. Sherertz, stated that, "We are very pleased with the market's reception of our follow-on common stock offering." Roth Capital Partners Roth Capital Partners, LLC, is a full service Investment Banking firm, specializing in the small and micro cap markets. Roth’s focus, according to its official website, "has been, is, and will continue to be providing the full spectrum of investment banking services, , LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , acted as the lead 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. of the offering and The Seidler Companies Incorporated served as co-manager. The shares of common stock were sold pursuant to a registration statement that has been declared effective by the Securities and Exchange Commission. The shares are offered only by means of the prospectus related to this offering. This press release shall not constitute an offer to sell or a 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 or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. BBSI provides a comprehensive range of human resource management solutions to large and small companies throughout many regions of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . |
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