Capital Title Group Inc. Announces Exercise of Over-Allotment Option.SCOTTSDALE, Ariz. -- Capital Title Group Inc. (Nasdaq: CTGI CTGI Capital Title Group Inc ) today announced that Ryan Beck & Co. Inc. and Sanders Morris Harris Inc., the underwriters of Capital Title's recent public offering of common stock, have exercised their over-allotment option to purchase 1,027,110 additional shares of common stock from Capital Title at a price of $6 per share. The transaction regarding the purchase of the over-allotment shares closed on Dec. 15, 2005, resulting in additional 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). to Capital Title of approximately $5.7 million, after the payment of underwriting discounts, commissions and other transaction expenses. A registration statement on Form S-3 relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc these securities was declared effective by the Securities and Exchange Commission on Nov. 14, 2005. The public offering is being made solely by means of a prospectus, copies of which may be obtained by contacting Ryan Beck & Co., 18 Columbia Turnpike turnpike, road paid for partly or wholly by fees collected from travelers at tollgates. It derives its name from the hinged bar that prevented passage through such a gate until the toll was paid. See also road. , Florham Park, NJ 07932, or at the Securities and Exchange Commission's Web site at www.sec.gov. 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 the registration or qualification under the securities laws of any such state. About Capital Title Headquartered in Scottsdale, Ariz., Capital Title Group Inc. through its subsidiaries offers services throughout 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. for title insurance, appraisal and valuation services, and other related services to residential and commercial customers in the real estate and mortgage lending industries. Subsidiary companies include - Capital Title Agency, New Century Title Co., United Title Co., First California Title Co., Land Title of Nevada, CTG CTG Cartridge CTG Center for Technology in Government (SUNY, Albany, New York) CTG Center for Technology in Government CTG Computer Task Group (IT consulting company; Buffalo, NY, USA) Real Estate Information Services See Information Systems. , Nationwide Appraisal Services, Nationwide TotalFlood Services Inc., NAC See network access control. 1031 Exchange Services, 1031 ExchangePoint Inc. and AdvantageWare -- with strategically located offices in Arizona, California, Nevada, Pennsylvania and Texas. The company is also licensed to issue and underwrite title insurance policies in Arizona, California, Florida, Nevada, 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 , Pennsylvania and Texas through United Capital Title Insurance Co. The combined companies have in excess of 2,500 employees. Forward-Looking Statements Statements contained in this press release that are not historical facts may be forward-looking statements within the meaning of the Private Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Reform Act. Such statements may use words such as "proposed," "anticipate," "believe," "estimate," "expect," "intend," "predict," "project" and similar expressions as they relate to Capital Title Group or our management. When we make forward-looking statements, we are basing them on our management's beliefs and assumptions, using information currently available to us. Although we believe that the expectations reflected in the forward-looking statements are reasonable, these forward-looking statements are subject to risks, uncertainties and assumptions including the risk that this offering does not close and the risks discussed in our filings with the Securities and Exchange Commission. If one or more of these risks materialize, or if our underlying assumptions prove to be incorrect, actual results may vary materially from what we projected. Any forward-looking statements contained in this press release reflect our current views with respect to future events and are subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We have no intention, and disclaim any obligation, to update or revise any forward-looking statements, whether as a result of new information, future results or otherwise. |
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