Cimatron makes announcement.GIVAT SHMUEL, Israel--(BUSINESS WIRE)--March 21, 1996--Cimatron Limited (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 NMS See NetWare Management System. :"CIMTF") today announced that it had commenced its initial public offering of 1,850,000 Ordinary Shares at an initial public offering price of $7.50 per share. The shares are being offered 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. by a syndicate managed by Oppenheimer & Co., Inc. and Needham & Company, Inc. and outside the United States by a syndicate managed by Oppenheimer & Co., Inc., Needham & Company, Inc. and Clal Capital Markets (International) B.V. The 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). of the offering will be used for product research and development, worldwide marketing activities and working capital. Cimatron Limited designs, develops, manufactures, markets and supports a family of modular, high performance, fully integrated computer-aided design/computer-aided manufacturing ("CAD/CAM CAD/CAM in full computer-aided design/computer-aided manufacturing. Integration of design and manufacturing into a system under direct control of digital computers. ") software products. The company's products have been sold to end-users in numerous industries, including automotive, aviation and aerospace, household goods, mold and die making, machinery and tools, and telecommunications. To date, the company has over 7,000 end-users, which utilize its products at more than 2,500 sites worldwide. Copies of the prospectus may be obtained from Oppenheimer & Co., Inc., Oppenheimer Tower, 200 Liberty Street, 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 , New York 10281 and Needham & Company, Inc., 445 Park Avenue, New York, New York 10022. This press release does 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 registration or qualification under the securities laws of any such state. CONTACT: In Israel: Maiki Yoeli, 03/5312121 or In the United States: Hildy Shandell, 212/735-3002 |
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