BELMONT HOMES, INC. ANNOUNCES INITIAL PUBLIC OFFERING OF COMMON STOCK.BELMONT, Miss.--(BUSINESS WIRE)--May 4, 1995--Belmont Homes, Inc. announced today that it has filed a registration statement with the Securities and Exchange Commission covering the initial public offering of 1,900,000 shares of the Company's common stock. Of the shares being offered, 1,700,000 are being sold by the Company with the balance being offered by certain selling stockholders. Rauscher Pierce Refsnes, Inc. and Equitable Securities Corporation will co-manage the underwriting group. The offering is expected to be completed in late May. The Company intends to use 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). to retire indebtedness. Headquartered in Belmont, Mississippi Belmont is a town in Tishomingo County, Mississippi, United States. The population was 1,961 at the 2000 census. Its ZIP code is 38827. History The settlement of Belmont was originally called Gum Springs with a post office built in 1884. , Belmont Homes, Inc. is a producer of manufactured homes in the Southeast and Southwest. The Company manufactures homes at four production facilities clustered in Belmont, Mississippi. The Company sells its homes through approximately 175 dealers with 210 sales centers in 18 states, primarily in the southern United States The Southern United States—commonly referred to as the American South, Dixie, or simply the South—constitutes a large distinctive region in the southeastern and south-central United States. . Offers to purchase the common stock will be made only by means of a prospectus. A registration statement relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc 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. 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. A prospectus relating to these securities may be obtained from Rauscher Pierce Refsnes, Inc., 700 North Pearl Street, Suite 2500, Dallas, Texas “Dallas” redirects here. For other uses, see Dallas (disambiguation). The City of Dallas (pronounced [ˈdæl.əs] or [ˈdæl. 75201; or from Equitable Securities Corp., 800 Nashville City Center, Nashville, Tennessee “Nashville” redirects here. For other uses, see Nashville (disambiguation). Nashville is the capital and the second most populous city of the U.S. state of Tennessee, after Memphis. 37219. CONTACT: Belmont Homes, Inc. William Kunkel, 601/454-9217 or Rauscher Pierce Refsnes, Inc. Wade Massad, 214/978-5424 |
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