Borealis Technology Corporation concludes initial public offering.INCLINE VILLAGE, Nev.--(BUSINESS WIRE)--June 27, 1996--Borealis(TM) Technology Corporation (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 :BRLS BRLS Bachelor of Recreation and Leisure Studies ) announced the success of its initial public offering of 2,000,000 shares of its Common Stock. The Company has also granted to the Underwriter a 30-business day option to purchase up to an additional 300,000 shares of Common Stock, solely to cover over-allotments, if any. The Common Stock is being offered at $5.00 per share. The offering is being underwritten by H.J. Meyers & Co., Inc. Borealis Technology Corporation ("Borealis") is currently developing Arsenal, an advanced sales automation Sales Automation - Sales Force Automation development tool which is designed to assist businesses in building and deploying customized mobile and client/server-based applications to enhance the productivity and effectiveness of their sales personnel. Arsenal is designed to enable customers to automate sales processes and information exchanges between hundreds or thousands of mobile computer users and central information systems containing enterprise-wide customer databases. Arsenal is expected to overcome limitations of commercially available sales automation solutions by combining the customization and scalability features of custom solutions with rapid implementation capabilities. Borealis' Common Stock is quoted on the Nasdaq SmallCap Market(SM) under the symbol "BRLS." A registration statement relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc these securities was filed and declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sales 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. Copies of the prospectus may be obtained from H.J. Meyers & Co., Inc., 1895 Mt. Hope Avenue, Rochester, New York This article is about the city of Rochester in Monroe County. For the town in Ulster County, see Rochester, Ulster County, New York. Rochester, once known as The Flour City, and more recently as The Flower City or 14820 or from its various branches. CONTACT: Curtis M. Faith, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. BOREALIS TECHNOLOGY CORPORATION (702) 832-0300 or Stephen D. Axelrod, CFA (Computer Fraud and Abuse Act of 1986) Signed into law in 1986, the CFA was a significant step forward in criminalizing unauthorized access to computer systems and networks. The Act applies to "federal interest computers" that include any system used by the U.S. Joel Herskovits WOLFE AXELROD ASSOCIATES (212) 370-4500 |
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