Compass Plastics & Technologies Inc. Underwriters Exercise Over-Allotment Option.GARDENA, Calif.--(BUSINESS WIRE)--Oct. 10, 1997--Compass Plastics & Technologies Inc. ("the Company") (Nasdaq/NMS:CPTI CPTI Conscience and Peace Tax International CPTI Counselling and Psychotherapy Training Institute (Edinburgh, Scotland, UK) CPTI Center for Patent and Trademark Information CPTI Concrete Polishing Technical Institute ) Friday announced that its co-underwriters, Cruttenden Roth Inc. and Josephthal Lyon & Ross Inc., exercised their over-allotment option granted in the company's initial public offering by purchasing an additional 123,750 shares of the company's common stock resulting in 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). to the company of $871,200. On Sept. 3, 1997, the company completed its initial public offering of 1.65 million shares of common stock priced at $8 per share. Compass Plastics & Technologies, through its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , AB Plastics Corp., is a leading contract manufacturer and assembler of custom injection-molded plastic components in the western United States Noun 1. western United States - the region of the United States lying to the west of the Mississippi River West Santa Fe Trail - a trail that extends from Missouri to New Mexico; an important route for settlers moving west in the 19th century . The company manufactures the plastic exteriors of computer monitors, televisions, electronic music keyboards and other consumer electronics equipment. In addition to injection-molded components, the company offers a broad range of "value-added" services, including painting, decorating and assembly. CONTACT: Compass Plastics & Technologies Inc., Gardena Paul J. Iacono, 213/770-8771 or Coffin Communications Group, Sherman Oaks, Calif. William Coffin or Rachel Reynolds Rachel Reynolds is an American model and actress who is currently one of "Barker's Beauties" on the game show The Price Is Right. In 2002, she was one of the finalists in the search to replace Brooke Burke as the host of Wild On!. , 818/789-0100 |
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