BackWeb Technologies Files Registration Statement.Business/Technology Editors SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--March 30, 2000 BackWeb(R) Technologies (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 :BWEB BWEB Broadcast Web BWEB Bacula Web Interface ) today announced that it has filed a Registration Statement on Form S-1 with the U.S. Securities and Exchange Commission to register 1,514,104 ordinary shares held by selling shareholders pursuant to an investor rights agreement connected with the initial public offering effective June 6, 1999. The selling shareholders are composed mainly of former shareholders of Lanacom Inc., a Canadian Canadian (kənā`dēən), river, 906 mi (1,458 km) long, rising in NE New Mexico. and flowing E across N Texas and central Oklahoma into the Arkansas River in E Oklahoma. company acquired by BackWeb Technologies in August 1997. The offering will not be underwritten and the Company will not receive any proceeds from the offering. The S-1 Registration Statement has not yet become effective and the securities to be registered under the S-1 Registration Statement 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. About BackWeb Technologies BackWeb Technologies is a leading provider of push for e-business solutions that enable companies to communicate time-sensitive, business-critical information throughout the extended enterprise of customers, partners and employees. Via Internet-based applications and proactive portals, corporations such as Cisco, Compaq, Hewlett-Packard, and Schlumberger Dowell have deployed BackWeb's Polite(TM) push Internet infrastructure for managing critical changes for key e-business and customer service applications. BackWeb Technologies is headquartered in San Jose, California San Jose (IPA: /ˌsænhoʊˈzeɪ/) is the third-largest city in California, and the tenth-largest in the United States. It is the county seat of Santa Clara County. , and Ramat Gan Ramat Gan (rä`mät gän), city (1994 pop. 122,200), W central Israel, adjacent to Tel Aviv. Founded in 1921, Ramat Gan is an important industrial center. Food processing is the chief industry; construction materials are also made there. , Israel. For more information, visit its web site at www.backweb.com or call (800) 863-0100. Statements in this news release which are not purely historical are 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. within the meaning of the U.S. Securities laws. Actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include the risks and uncertainties detailed from time to time in BackWeb's periodic reports and registration statements filed with the U.S. Securities and Exchange Commission. BackWeb assumes no obligation to update any forward-looking statements contained in this press release. BackWeb is a registered trademark, and Polite and Polite Agent are trademarks of BackWeb Technologies. All other trademarks are the property of their respective owners. |
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