Comtech Telecommunications Corp. Files Registration Statement for 2.3 Million Share Offering.Business Editors MELVILLE, N.Y.--(BUSINESS WIRE)--Jan. 14, 2000 COMTECH TELECOMMUNICATIONS CORP. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CMTL CMTL Chief Military Training Leader CMTL Center for Mathematics, Teaching and Learning ) today announced that it has filed a registration statement with the Securities and Exchange Commission relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc a proposed public offering of 2,300,000 shares of common stock to be sold by Comtech. The registration statement has not yet become effective. Comtech intends to use the 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). of the offering principally for the development and expansion of our mobile data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. services business. The underwriters for the offering are ABN AMRO ABN AMRO Algemene Bank Nederland-Amsterdam Roterdam Bank (Dutch bank) Rothschild a division of ABN AMRO Incorporated, Stifel, Nicolaus & Company, Incorporated, and HCFP/Brenner Securities, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . 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 release by Comtech 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 written prospectus pertaining to the offering, when available, may be obtained from ABN AMRO Rothschild, a division of ABN AMRO Incorporated, 208 South LaSalle Street, Chicago, Illinois 60604-1003. Comtech Telecommunications Corp., through its operating units, is a broad-based supplier of satellite mobile data communications services, state-of-the art solid state high power RF microwave amplifiers and high technology satellite and over-the-horizon microwave telecommunication transmission products and systems for commercial and government applications. Certain information contained herein includes information that is forward-looking. The matters referred to in forward-looking statements may be affected by the risks and uncertainties involved in the Company's business. These forward-looking statements are qualified in their entirety by the cautionary statements contained in the Company's Securities and Exchange Commission filings. |
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