COMPUTATIONAL SYSTEMS, INC. COMPLETES INITIAL PUBLIC STOCK OFFERING.KNOXVILLE, Tenn.--(BUSINESS WIRE)--Aug. 28, 1995--Computational Systems, Inc. (Nasdaq/NM:CSIN CSIN Chemical Substances Information Network CSIN Computer Systems Information Network ) today announced the pricing of its initial public offering of 1,750,000 shares of common stock at $12.50 per share. Of the shares offered, 1,000,000 were offered by the Company and 750,000 were offered by certain shareholders of the Company. The managing underwriters Managing underwriter The leading firm in an underwriting group, which originates the deal and acts as an agent for the group. managing underwriter See lead underwriter. of the offering were J.C. Bradford & Co. and McDonald & Company Securities, Inc. The Company and one selling shareholder have granted the underwriters an over-allotment option to purchase an additional 262,500 shares. 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 sale of the 1,000,000 shares offered by the Company will be used to repay the amounts outstanding under the Company's principal credit facilities credit facilities npl → facilidades fpl de crédito credit facilities npl → facilités fpl de paiement credit facilities , finance an expansion of the Company's headquarters and manufacturing facilities, and for working capital and general corporate purposes. Computational Having to do with calculations. Something that is "highly computational" requires a large number of calculations. Systems, Inc. designs, produces and markets an integrated family of advanced predictive maintenance Predictive maintenance (PdM) techniques help determine the condition of in-service equipment in order to predict when maintenance should be performed. This approach offers cost savings over routine or time-based preventive maintenance because tasks are performed only when products and services for use in large scale, continuous run manufacturing facilities. Its products and services help customers detect potentially disruptive conditions in the operation of their machinery before damage or complete failure occurs, thereby allowing maintenance to be scheduled at the most appropriate time. A registration statement has been filed with the Securities and Exchange Commission and has become effective. The offering is made by means of a prospectus only. CONTACT: Computational Systems Inc., Knoxville Bryan J. Collier, 615/675-2110 |
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