Complete Wellness Centers files registration statement with SEC.WASHINGTON--(BUSINESS WIRE)--Jan. 6, 1997--Complete Wellness Centers Inc. announced today it has filed a registration statement with the Securities and Exchange Commission in connection with an initial public offering. The IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. includes one (1) million shares of common stock and one (1) million Redeemable Common Stock Purchase Warrants to purchase an additional one (1) million shares of common stock. The initial public offering price of the common stock is expected to be between $6-$8 per share. The initial public offering price for the Redeemable Warrants is expected to be $0.10 per Redeemable Warrant. C. Thomas McMillen is the 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 Complete Wellness Centers Inc., co-chair of the President's Council on Physical Fitness and Sports The President's Council on Physical Fitness and Sports is an American government organization that aims to "promote, encourage and motivate Americans of all ages to become physically active and participate in sports". , former Congressman and former National Basketball Association National Basketball Association (NBA) U.S. professional basketball league. It was formed in 1949 by the merger of two rival organizations, the National Basketball League (founded 1937) and the Basketball Association of America (1946). star. Complete Wellness Centers Inc. develops multidisciplinary medical centers and furnishes certain 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 such facilities. 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 representative of the several underwriters, National Securities Corp., 520 Madison Ave., New York, N.Y. A registration statement relating to the securities has been filed with the Securities and Exchange Commission but has not yet become effective. The securities may not be sold nor may 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 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. CONTACT: Complete Wellness Centers Inc., Washington C. Thomas McMillen Chairman and CEO 202/543-6800 or Elliott Jacobson Martin E. Janis & Co. Inc. 312/943-1100 |
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