Boston Communications Group, Inc. initial public offering of 3,825,000 shares of common stock.BOSTON--(BUSINESS WIRE)--June 18, 1996--Boston Communications Group, Inc. (Nasdaq:BCGI BCGI Boston Communications Group Inc ) announced today an initial public offering of 3,825,000 shares of its Common Stock at a price of $14.00 per share. Of the 3,825,000 shares being sold, 3,500,000 shares are being sold by the Company and 325,000 shares are being sold by selling stockholders. The offering is being managed by Alex. Brown & Sons Incorporated, Donaldson, Lufkin & Jenrette Securities Corporation and The Columbia Group Incorporated. 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). from the offering will be used primarily for the redemption of redeemable preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. (including accumulated dividends), investment in infrastructure to support the Company's new C2C (Client to Client) An earlier term for peer-to-peer (P2P), in which one user communicates with another user without going through a server in between. See peer-to-peer. Network for prepaid wireless service and for general corporate purposes, including working capital. Boston Communications Group bcgi develops products and services that enable wireless operators to fully realize the potential of their networks. bcgi's Access Management, Billing, Payment and Network Solutions help operators rapidly deploy and manage innovative voice and data services for subscribers. , Inc. develops, markets and provides innovative call processing and customer support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services to wireless telephone carriers. The Company's roaming services, customer support services and prepaid wireless services are designed to enable wireless telephone carriers to focus internal resources on their core business activities, while increasing revenues, improving service quality and reducing costs. The Company provides one or more of its services to approximately 95 cellular carriers in the United States, Mexico and Canada, including nine of the 10 largest cellular carriers in the United States. A prospectus relating to these securities may be obtained from Alex. Brown & Sons Incorporated at 135 East Baltimore Street, Baltimore, Maryland 21202, (800) 638-2596; Donaldson, Lufkin & Jenrette Securities Corporation at 140 Broadway, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , New York 10005; and The Columbia Group Incorporated at 201 N. Union Street, Suite 300, Alexandria, Virginia 22314, (703) 519-3585. CONTACT: Fritz von Mering Vice President, Finance and Administration Boston Communications Group, Inc. (617) 473-3570 |
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