Complete Management sells two million shares of common stock and $25 million of convertible subordinated debentures.NEW YORK--(BUSINESS WIRE)--Dec. 6, 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 today a public offering by the company of two million shares of common stock at $13.75 and $25 million of 8% subordinated debentures convertible into common stock at $16.00 per share had become effective. Interest is payable on the debentures June 15 and December 15, beginning June 15, 1997. The debentures mature Dec. 15, 2003. In addition, a non-management shareholder is selling 500,000 shares of common stock as part of the offering. The offering is co-managed by National Securities Corp. and Commonwealth Associates. The common stock and debentures will be listed and trade 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 new debentures will trade with the symbol CMI.B. Steven Rabinovici, 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. of CMI said: "This offering provides CMI with the cash it needs for 1997 and into 1998 for its acquisition and expansion programs and will allow CMI to carry out its plans for rapid growth." Complete Management offers a broad range of management and support 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. CONTACT: Complete Management Inc. Steve Rabinovici Arthur Goldberg 212/868-1188 or Martin E. Janis & Company Inc. Beverly Jedynak 312/943-1100 |
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