Coffee Bar Company to Sell Shares Over Their Counters; Dalton Specialties Takes Affinity Group Finance To New Level.NEW YORK--(BUSINESS WIRE)--April 24, 1997-- Dalton Specialties, Ltd, which owns and operates Dalton coffee bars, today launched a novel alternative to traditional Wall Street underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. . The three year old company has commenced offering directly to the public, without brokers or underwriters, units consisting of shares and warrants. And starting today, customers in Dalton's coffee bars can take home a copy of the official offering circular Offering Circular An abbreviated prospectus for a new security listing. Delivered to individuals and brokerage houses, these documents are issued to arouse interest in the new issue. Notes: An offering circular allows investors to access information regarding a new issue. along with a cup of coffee. "We believe that consumers who already appreciate and demand a high quality of specialty coffee are a logical source of funding for the future expansion of our business," said Kevin Dalton, the company's founder and chief executive. "And what better way to reach such prospective investors than our own stores -- which attract thousands of coffee drinkers daily." Although interested prospective investors are invited to take a printed circular, for the cyber-friendly, Dalton has also arranged to deliver the offering circulars electronically { through the Internet { in a move designed to further cut the costs involved in fund raising. Thus, visitors to the stores able to provide an electronic mail address (messaging) electronic mail address - (Usually "e-mail address") The string used to specify the source or destination of an electronic mail message. E.g. "john@doc.acme.ac.uk". The RFC 822 standard is probably the most widely used on the Internet. X. can look forward to getting the official circular delivered directly to their personal computers. For those not within reach of a Dalton coffee bar, circulars are also available on the World Wide Web at http://www.daltoncoffee.com. Circulars can also be obtained by calling toll-free 888-Dalton9. Dalton Specialties, which currently owns and operates 10 coffee bars and has recently signed an agreement for the exclusive rights for specialized coffee at Six Flags For the national flags of Texas, see . Six Flags (NYSE: SIX) is the world's largest chain of amusement parks and theme parks and is headquartered in New York City. There are 20 such parks run by Six Flags. Great Adventure's new outlet mall An outlet mall (or outlet centre) is a type of shopping mall, in which manufacturers sell their products directly to the public through their own branded stores. Clothing, sporting goods, electrical products, cosmetics, and toys are among the types of items sold at outlet in New Jersey, plans to use the proceeds of the public offering to open additional stores throughout the eastern 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. . The Company is offering up to 600,000 units at an offering price of $5.00 per unit. Each unit comprises ten shares of common stock and five warrants to purchase common stock at a price of $0.65. The warrants are exercisable at any time during the three year period commencing on the first anniversary of their issuance. The minimum investment is 100 units ($500). The Company's common stock currently trades on the Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). where the new shareholders may also trade their stock. CONTACT: Dalton Specialties, Ltd. Kevin Dalton, 212/674-9067 |
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