BreezeCOM Ltd. Files Registration Statement for a Secondary Offering.Business & High Tech Editors TEL AVIV, Israel--(BUSINESS WIRE)--July 14, 2000 BreezeCOM Ltd. (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 : BRZE) announced today that it has filed a registration statement with the Securities and Exchange Commission (SEC) for a follow-on offering Follow-On Offering An offering of additional shares after a company has had an initial public offering. Notes: This sometimes means the company is strapped for cash. So they need to issue more shares to pay bills or finance a new project. of 4,300,000 of its ordinary shares. BreezeCOM said 2,150,000 ordinary shares are being offered by BreezeCOM and 2,150,000 ordinary shares are being offered by the selling shareholders. The selling shareholders will grant to the underwriters an option to purchase up to an additional 645,000 shares to cover over-allotments. The managing underwriters for the offering are CIBC World Markets CIBC World Markets is the investment banking division of the Canadian Imperial Bank of Commerce. It helps governments, large companies, and other large institutions obtain capital and credit and is a primary dealer in U.S. Treasury securities. , US Bancorp Piper Jaffray, Dain Rauscher Wessels and Prudential Volpe Technology Group, a unit of Prudential Securities. When publicly available, a copy of the prospectus relating to the offering may be obtained from: CIBC World Markets (One World Financial Center, 200 Liberty Street, 39th Floor, 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 , NY 10281; Tel TEL Telephone TEL Telegram TEL Telugu (langauge) TEL Terrorist Exclusion List TEL Technology-Enhanced Learning TEL Transporter-Erector-Launcher TEL Tetra-Ethyl Lead TEL Team Deutsche Telekom : 212/667-7000); Dain Rauscher Wessels (60 South Sixth Street, Suite 1800, Minneapolis, MN 55402-4422; Tel: 612/ 371-1200); US Bancorp Piper Jaffray (222 South Ninth Street, Minneapolis, MN 55402; Tel: 612/342-6000); and Prudential Securities (111 Eighth Avenue, 5th Floor, New York, NY 10011; Tel: 212/776-8190). This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. A registration statement relating to these securities has been filed with the U.S. 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. About BreezeCOM BreezeCOM is a leading developer and manufacturer of broadband wireless access products and wireless LANs, targeted to public operators, ISPs and private enterprises. BreezeCOM products employ broadband, narrowband and spread spectrum radios, digital signal processing See DSP. Digital Signal Processing - (DSP) Computer manipulation of analog signals (commonly sound or image) which have been converted to digital form (sampled). (DSP (1) (Digital Signal Processor) A special-purpose CPU used for digital signal processing applications (see definition #2 below). It provides ultra-fast instruction sequences, such as shift and add, and multiply and add, which are commonly used in math-intensive ) modems and point-to-multipoint wireless packet switching technologies optimized for high-speed Internet access. This press release contains forward-looking statements that are subject to risks and uncertainties. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, general business conditions in the industry, changes in demand for products, the timing and cancellation of orders and other risks detailed from time to time in BreezeCOM's filing with the Securities and Exchange Commission, including BreezeCOM's Form F-1. This release and prior releases are available on the KCSA KCSA Krannert Center Student Association KCSA Kentucky Crushed Stone Association (Frankfort, KY) KCSA Kyiv City State Administration KCSA Kalamazoo Christian School Association KCSA Kentucky-Canadian Studies Association Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most Worldwide website at www.kcsa.com. |
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