Complete Management, Inc. files registration statement for $30 million convertible debenture financing.NEW YORK--(BUSINESS WIRE)--May 1, 1996--COMPLETE MANAGEMENT, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (Nasdaq NM: CMGT) today announced that it has filed a registration statement with the Securities Exchange Commission in connection with a public offering of $30 million of convertible debentures with an interest rate range of 7%-8 1/2%. The debentures will be convertible into common shares of Complete Management at an expected conversion price of 120% to 130% of the market price of the common shares at the effective date of the offering. The proceeds of the offering are expected to be used primarily for acquisitions. Steven Rabinovici, Complete Management's Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , said, "The proceeds of the offering are expected to be used to take advantage of the opportunities in the 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 marketplace to acquire physician practices in a broad range of medical specialties, thus increasing clients under management and enhancing future growth prospects." When available, a copy of the preliminary prospectus Preliminary Prospectus A first draft registration statement filed by a firm prior to proceeding with an initial public offering of securities. The document, filed with the Securities & Exchange Commission, is intended to provide pertinent information to prospective shareholders may be obtained from the underwriter, National Securities Corporation. The registration statement relating to the offering by Complete Management of its $30 million convertible debenture has not yet become effective. The convertible debentures may not be sold nor may any offers to buy be accepted prior to the time the registration statement becomes effective. This notice shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the stock in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualifications under the securities laws of any such state. Complete Management offers a broad range of management and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services to medical practice groups and hospitals in the greater New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. metropolitan area with a particular specialty in injury related medical cases. CONTACT: Steve Rabinovici Chief Executive Officer and Chairman (212) 868-1188 or Arthur Goldberg Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. (212) 868-1188 or Keith Lippert/Julie Vicelja Lippert/Heilshorn & Associates, Inc. (212) 838-3777 |
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