Cost-U-Less Files Registration Statement For Initial Public Offering of Common Stock.BELLEVUE, Wash.--(BUSINESS WIRE)--May 13, 1998--Cost-U-Less Inc. (proposed Nasdaq symbol: "CULS CULS Capital University Law School (Columbus, Ohio) "), a Bellevue-based retail warehouse store company, announced today that it has filed a registration statement with the Securities and Exchange Commission with respect to an initial public offering of 1,723,222 shares of common stock. Of these shares, 1,600,000 are being offered by the company and 123,222 are being offered by selling shareholders. In addition, Cost-U-Less has granted its underwriters an option to purchase up to an additional 240,000 shares to cover over-allotments, if any. The offering is being made through an underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. group managed by Cruttenden Roth Inc. Founded in 1989, Cost-U-Less operates its stores using "warehouse club" methods. Its stores are located in Hawaii (2), Guam (2), the U.S. Virgin Islands (2), American Samoa American Samoa, officially Territory of American Samoa, unincorporated territory of the United States (2000 pop. 57,291), comprising the eastern half of the Samoa island chain in the South Pacific. and Sonora, Calif. A registration statement relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc 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 solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities of any such state or jurisdiction. 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 relating to these securities may be obtained, when available, from Cruttenden Roth Inc., 18301 Von Karman, Irvine, CA 92612, 714/440-3376. CONTACT: DeLaunay/Phillips Inc. Jennifer Lind or Tom Phillips, 206/340-6138 or Cruttenden Roth Inc. John Vandemore, 714/440-3376 |
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