Complete Management files for offering of common stock and convertible debentures.NEW YORK--(BUSINESS WIRE)--Nov. 5, 1996--Complete Management Inc. (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. : CMI (Computer-Managed Instruction) Using computers to organize and manage an instructional program for students. It helps create test materials, tracks the results and monitors student progress. ) announced that it has filed a registration statement with the SEC for an offering of 2,500,000 shares of common stock to be sold by CMI, 500,000 shares of common stock to be sold by a non-management shareholder and $25 million of convertible subordinated debentures. The proceeds of the offering will be used by CMI primarily to fund future acquisitions and also for general corporate purposes. The new debentures will be listed on the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. . The lead underwriter Lead underwriter The head of a syndicate of financial firms that are sponsoring an initial public offering of securities or a secondary offering of securities. Could also apply to bond issues. for this offering is National Securities Corp. and the co-manager is Commonwealth Associates. CMI 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, Long Island and the Hudson Valley region of New York state. A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall 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. A copy of the preliminary prospectus may be obtained from either of the following representatives of the underwriters. National Securities Corp. 520 Madison Avenue New York, NY 10022-4236 Tel: (212) 832-6700 Commonwealth Associates 733 Third Avenue, 11th Floor New York, NY 10017 Tel: (212) 297-5600-7 CONTACT: Complete Management Inc. Steve Rabinovici, Chairman and Chief Executive Officer 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 Martin E. Janis & Company Inc. Beverly Jedynak, 312/943-1100 |
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