Boston Communications Group announces filing of registration statement for initial public offering of 3,825,000 shares of common stock.

BOSTON--(BUSINESS WIRE)--May 16, 1996--Boston Communications Group Inc. announced today that it has filed a registration statement with the Securities and Exchange Commission for an initial public offering of 3,825,000 shares of its common stock.

Of the 3,825,000 shares, 3,500,000 shares will be sold by the company and 325,000 shares will be sold by selling shareholders. It is currently estimated that the initial public offering price will be between $11.00 and $13.00 per share. The offering will be managed by Alex. Brown & Sons Inc.; Donaldson, Lufkin & Jenrette Securities Corp., and The Columbia Group Inc.

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 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 In telecommunication, the term call processing has the following meanings:

The sequence of operations performed by a switching system from the acceptance of an incoming call through the final disposition of the call.

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 preliminary prospectus Preliminary Prospectus

A first draft registration statement filed by a firm prior to proceeding with an initial public offering of securities. The document, filed with the Securities & Exchange Commission, is intended to provide pertinent information to prospective shareholders relating to these securities may be obtained from Alex. Brown & Sons Inc. at 135 East Baltimore St., Baltimore, Maryland 21202, 410/727-1700.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities 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 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.

CONTACT: Boston Communications Group Inc.

Fritz Von Mering, 617/473-3570

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Publication:	Business Wire
Date:	May 16, 1996
Words:	364
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