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Childrobics makes announcement.


FARMINGDALE Farmingdale is the name of several places in the United States of America:
  • Farmingdale, New Jersey
  • Farmingdale, New York
  • Farmingdale, Maine is the name of both a Census-designated Place and a town in the State of Maine in the United States of America.
, N.Y.--(BUSINESS WIRE)--April 1, 1996--Childrobics 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
: CHLD) announced that it has closed a private offering of 1,000,000 units, each unit consisting of one share of common stock, one Class C common stock purchase warrant and one Class D common stock purchase warrant, from which the company derived de·rive  
v. de·rived, de·riv·ing, de·rives

v.tr.
1. To obtain or receive from a source.

2.
 gross proceeds of $500,000.

Each Class C warrant and Class D warrant entitles a holder to purchase one share of common stock at an exercise price of $.70 and $.90 per share, respectively. The principal purpose of the offering was to raise working capital.

The securities offered have not been registered under the Securities Act of 1933 or any applicable state securities laws and may not be offered or sold in 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.  absent registration or applicable exemption from such registration requirements.

CONTACT: Childrobics Inc.

516/694-0999

Fax: 516/694-1062
COPYRIGHT 1996 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1996, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Publication:Business Wire
Date:Apr 1, 1996
Words:145
Previous Article:Sterling Vision, Inc. announces year end results: Pre-tax income from 1995 operations was $2,896,000 or $0.29 per share.
Next Article:Triarc enters into definitive agreement to sell Graniteville to AVondale for $255 million in cash.



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