Centennial Technologies Announces Century Electronics Plans an Initial Public Offering of Its Common Stock.WILMINGTON, Mass.--(BUSINESS WIRE)--Sept. 8, 1999-- CENTENNIAL TECHNOLOGIES, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :CENL CENL Conference of European National Librarians CENL Conference of European National Libraries ) today announced that Century Electronics Manufacturing, Inc., has filed documents with the Securities and Exchange Commission in preparation for a planned initial public offering of Century's common stock. Centennial currently owns preferred shares Preferred shares Preferred shares give investors a fixed dividend from the company's earnings and entitle them to be paid before common shareholders. See: Preferred stock. in Century that are convertible into 666,667 shares of Century Common Stock. In the documents filed with the SEC, Century has indicated that it expects the price of shares to be included in the initial public offering will be between $8.00 and $10.00 per share, and that after pricing of the offering, it expects that its common stock will trade on the Nasdaq National Market under the symbol "CEMI CEMI Center for Experimental Music and Intermedia (University of North Texas, Denton, TX) CEMI Communications-Electronics Maintenance Instruction ." Centennial's shares of Century stock are subject to certain restrictions on sale. This press release contains forward-looking statements. The matters expressed in such statements are subject to numerous risks and uncertainties, including, without limitation, Century's ability to complete an initial public offering of its common stock, the effective registration of Century shares owned by Centennial with the Securities and Exchange Commission, and other risks identified in filings made with the Securities and Exchange Commission. Centennial Technologies, Inc. provides custom and industry standard PC Cards for original equipment manufacturers. Centennial is a global leader in the integration of patented and proprietary technology into application specific cards for commercial, industrial and military markets. The Company's headquarters and ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9001 certified engineering and manufacturing facility is located in the Boston, Massachusetts area, with sales and services offices in California, North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. , Indiana and Pennsylvania. The Company's international sales and service operations are headquartered in the United Kingdom. More information about Centennial can be obtained on the Internet at http://www.cent-tech.com. |
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