Boston Communications Group Plans Offering of Common Stock.WOBURN, Mass.--(BUSINESS WIRE)--July 21, 1997--Boston Communications Group, Inc. (Nasdaq:BCGI BCGI Boston Communications Group Inc ) today announced that it intends to file during the week of July 21, 1997 a registration statement with the Securities and Exchange Commission covering a proposed offering of approximately 3,000,000 shares of its common stock. Paul Tobin, Chairman, President and Chief Executive Officer of BCG BCG bacille Calmette-Guérin. BCG abbr. 1. bacillus Calmette-Guérin 2. ballistocardiogram BCG, n.pr See bacille Calmette-Guórin. , said, "The net proceeds of the offering will be used by the company to expand its 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 services 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 high quality innovative call processing services, prepaid network services, teleservices and prepaid and voice systems to wireless telephone carriers. The Company's roaming services, teleservices 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 88 cellular and personal communications services See PCS. (PCS (1) (Personal Communications Services) Refers to wireless services that emerged after the U.S. government auctioned commercial licenses in 1994 and 1995. This radio spectrum in the 1. ) companies in the United States, Mexico and Canada, including nine of the 10 largest cellular carriers in the United States. CONTACT: Boston Communications Group, Inc. Fritz von Mering Vice President Finance 617-692-7000 or Morgen-Walke Associates Andrea Kaimowitz/Katherine Mittelbusher Press: Lee Foley/Ann Travers 212-850-5600 |
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