Blimpie International announces registration.--(BUSINESS WIRE)--August 8, 1995--Blimpie International Inc. (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 NM: BMPE BMPE Black Market Peso Exchange ) announced today that its registration statement with respect to the public offering of 1,500,000 shares of its common stock, $.01 par value per share, of which 750,000 shares will be offered by the company and 750,000 shares will be offered by certain selling shareholders has become effective under the Securities Act of 1933, as amended. The company also announced that it has signed an underwriting agreement Underwriting agreement The contract between a corporation issuing new publicly offered securities and the managing underwriter as agent for the underwriting group. Compare to agreement among underwriters. with Barber & Bronson Inc., the representative, and Noble Investment Co. of Palm Beach, the co-underwriter, to sell the shares at an offering price of $6 1/8 per share. The company generally engages in franchising and subfranchising the Blimpie trademarks, trade names, service marks, logos, marketing concepts and marketing programs, which are the basic attributes of the chain of non-cooking, quick service sandwich restaurants known as "Blimpie" restaurants. The main products sold in a Blimpie Restaurant are sub sandwiches and salads. This announcement is neither an offer to sell nor 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 any of these securities. The offering is made only by the Prospectus. Copies of the Prospectus may be obtained in certain states only and only from such of the underwriters as may lawfully offer these securities in such state. CONTACT: Blimpie International Robert Sitkoff Robert H. Sitkoff (b. 1974) is the John L. Gray Professor of Law at Harvard Law School, where he is the only faculty member specializing in trusts and estates ("T&E").[1] , (800) 447-6256, ext. 11 |
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