Catuity Announces Rights Offering in Australia and New Zealand.Business Editors Catuity, Inc. (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 : CTTY CTTY Control Teletype CTTY Console Teletype ; ASX ASX See: Australian Stock Exchange : CAT) today announced a fully underwritten one-for-eight renounceable Rights Offer of shares of common stock at AUD AUD In currencies, this is the abbreviation for the Australian Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. $5.25 (US $2.94) per share to raise approximately AUD $5.295 million (US $2.965 million). Catuity will use the funds to extend its current business operations to include data aggregation and analytics software - a logical extension of the Company's business that will support and enhance growth for Catuity's loyalty software in the US market and facilitate the expansion of loyalty and customer relationship management services to card issuers and retailers. Under the Rights Offer, only Australian and New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. resident shareholders will be entitled to subscribe for one new share of common stock for every eight shares registered at 5 p.m. AEST AEST Australian Eastern Standard (time) AEST Ada Embedded Systems Testbed AEST Air Elevator Support Trailer AEST Advanced EHF System Test AEST Advanced EHF Satellite Test on July 9, 2002. Residents of countries other than Australia and New Zealand are Non-Qualifying Shareholders and will not be able to take up their Rights, but will receive any value from the sale of their Rights on the ASX after the deduction of expenses of such sale. BNP Paribas Equities (Australia) Limited has underwritten the Rights Offer. Full details of the Rights Offer will be contained in a Prospectus to be lodged with the Australian Securities and Investment Commission today and available at Catuity's website (www.catuity.com) in the "Announcements and Filings" section. About Catuity, Inc. Catuity, Inc. is a leading provider of application software that allows merchants, transaction processors and payment card issuers to establish and administer customer incentive and loyalty programs integrated to the payment system at the point of sale. Catuity Loyalty Software can be used by a broad range of sellers of goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. , particularly those who sell through both store locations and over the Internet. Catuity's software has been included on millions of credit, charge and debit cards, and works on magnetic stripe or chip or "smart" cards. With Catuity's loyalty solution, merchants can offer their customers valuable benefits, thereby attracting and retaining customers as well as encouraging increased purchases. More information on Catuity is available at its website: http://www.catuity.com. In conjunction with the provisions of the "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " section of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, this release may contain forward-looking statements pertaining to future anticipated projected plans, performance and developments, as well as other statements relating to future operations. All such forward-looking statements are necessarily only estimates of future results and there can be no assurance that actual results will not materially differ from expectations. Further information on potential factors that could affect Catuity, Inc. is included in the Company's Form 10-K, which is filed with the U.S. Securities & Exchange Commission and the Prospectus referred to above. |
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