BrainDock.com to Seek Listing On London Stock Exchange.Business Editors/High Tech Writers NEW YORK--(BUSINESS WIRE)--May 30, 2000 BrainDock.com, Inc. announced that it is offering 26,850,000 shares of its Common Stock to the public in the United Kingdom, and is seeking admission of these shares to the Alternative Investment Market of the London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. in June 2000. BrainDock will be raising approximately $4 million on AIM giving the company a market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. of approximately $24 million. The proceeds of the financing are to be used to fund the company's growth in digital distribution and e-commerce services as well as its expansion into the wireless arena, to provide content and services to the emerging generation of smart mobile phones that have built-in computing power and WAP-enabled access to the mobile Internet Refers to gaining access to the Internet using a lightweight, handheld device. See Mobile IP, PDA, smartphone and mobile TV. . Today, BrainDock's core business is the digital distribution of software for handheld computers. BrainDock provides online retailers (e-tailers) with an inventory of premium software titles as well as the back-end technical services necessary for the sale and digital delivery of the software. These services include credit card processing, data warehousing See data warehouse. data warehousing - data warehouse and the digital rights management required for download delivery. The shares of common stock have not been and will not be registered under the U.S. Securities Act of 1933 as amended and may not be offered or sold in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. absent such registration or an applicable exemption from the registration requirements of the Securities Act. Note to Editors: About BrainDock.com BrainDock.com Inc. is a digital distributor of software for the mobile technology sector, facilitating the purchase and download of mobile software titles via the Internet. BrainDock provides end-to-end ecommerce solutions to a global network of software e-tailers (online resellers) and software publishers, offering digital rights management, data warehousing and transaction processing services. BrainDock is positioned to deliver digital content and services to Smart Phones via the mobile Internet. The company has established strategic relationships with mobile technology leaders such as Symbian Ltd, Psion plc and Palmtop palmtop or hand-held personal computer, lightweight, small, battery-powered, general-purpose programmable computer. It typically has a miniaturized full-function, typewriterlike keyboard for input and a small, full color, liquid-crystal display Software Ltd. Headquartered in 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 , BrainDock was spun out of New World Technologies (NWT NWT or N.W.T. abbr. Northwest Territories NWT Northwest Territories (of Canada) ) in March 1999, benefiting from over 8 years of experience and key business relationships. For more information visit http://www.braindock.com |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion