Concepts Direct files registration statement with SEC relating to proposed public offering of its common stock.LONGMONT, Colo.--(BUSINESS WIRE)--April 30, 1997--Concepts Direct Inc. (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 :CDIR CDIR Cumulative Damage Index Right Engine CDIR Chemical Demilitarization and Installation Restoration CDIR Channel Distribution Information at the Receiver ), announced today 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 its common stock. Of the 1.6 million shares registered, 471,404 will be sold by the company said 1,128,596 will be sold by certain stockholders. Of the 1,128,596 shares offered by the selling stockholders, 843,600 are being sold by a company affiliated with one of the company's outside direcors, 282,496 are being sold by certain of the company's officers and directors, and 2,500 are being sold by other selling stockholders. The company will grant the underwriters an over-allotment option to purchase up to an additional 240,000 shares. 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 company from the sale of the 471,404 shares (711,404 if the over-allotment option is exercised) are to be used for general corporate proposes, including additions to working capital. EVEREN Securities Inc. is acting as 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. with Scott & Stringfellow Inc. acting as co-manager for the offering. 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; and the offering will only be made by means of the prospectus. 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 state. Concepts Direct is a direct marketer of personalized per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. labels, paper products, collectibles, gift items, home decorative items and casual apparel. The company markets its merchandise primarily through its three current catalogs, Colorful Images(R), Linda Anderson(R) and Colorful Images Presents Impressions(R). The company is headquartered in Longmont, Colo., and sells its product primarily in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Copies 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 relating to the registration statement can be obtained from H. Franklin Marcus Jr., chief financial officer, Concepts Direct Inc., 1351 S. Sunset St., Longmont, CO 80501, Telephone: 303/772-9171. CONTACT: Concepts Direct Inc., Longmont Frank Marcus, 303/772-9171 |
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