Creo Announces Initial Public Offering.VANCOUVER, British Columbia--(BUSINESS WIRE)--July 29, 1999-- Creo Products Inc.(Nasdaq:CREO)(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CEC (Central Electronic Complex) The set of hardware that defines a mainframe, which includes the CPU(s), memory, channels, controllers and power supplies included in the box. Some CECs, such as IBM's Multiprise 2000 and 3000, include data storage devices as well. ) today announced the initial public offering of its common shares on the Nasdaq National Market under the trading symbol "CREO" and the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the trading symbol "CEC." The initial public offering price for the 4,000,000 common shares offered by Creo and 1,000,000 common shares offered by selling shareholders was US $15.00 per share. The selling shareholders have granted the underwriters an option to purchase up to an additional 750,000 common shares to cover over-allotments, if any. The managing underwriters of the offering are Salomon Smith Barney, acting as lead manager, and Merrill Lynch & Co. and RBC Dominion Securities
Creo is a leading developer, manufacturer and distributor of comprehensive "computer-to-plate" digital solutions that automate the prepress phase of commercial printing, in which master printing plates are created prior to actual printing. Creo's computer-to-plate technology transfers digitized text, graphic images and line artwork from desktop publishing computer systems directly onto printing plates, eliminating labor-intensive, complex and costly preparatory steps required by the conventional prepress process. Creo offers a comprehensive line of precision imaging equipment, including scanners, proofing devices, and output devices, as well as workflow management software. A copy of the Prospectus relating to the offering may be obtained from Salomon Smith Barney, Brooklyn Army Terminal The Brooklyn Army Terminal consists of large complex of piers, docks, warehouses, cranes, railroad sidings and cargo loading equipment. The terminal was responsible for shipment of army equipment and personnel overseas. , 140 58th Street, 8th floor Brooklyn, New York, NY 11220 718/765-6732; Merrill Lynch & Co, BCE BCE abbr. 1. Bachelor of Chemical Engineering 2. Bachelor of Civil Engineering BCE Abbreviation for before the Common Era. Place, 181 Bay Street, Suite 400, Toronto, Ontario M5J 2V8, 416/369-7685; RBC Dominion Securities Inc., P.O. Box 50, South Tower, Royal Bank Plaza Royal Bank Plaza in Toronto, Ontario, Canada, is the headquarters of the Royal Bank of Canada. The building occupies a full block, bordered by Bay, Front and Wellington Streets in the financial district. , 200 Bay St., Toronto, Ontario, M5J 2W7, 416/842-7617. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state, province or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state, province or jurisdiction. The Company... Creo Products Inc., a Vancouver, Canada-based Company, is the world's leading suplier of Computer-to-Plate Systems. As part to the largest installed base of CTP CTP (cytidine triphosphate): see cytosine. (1) (Computer-To-Plate) The production of printing plates directly from the computer without requiring film as an intermediate step. systems, Creo has over 1,000 CTP systems installed worldwide. Creo's innovatiion, technical excellence and employee commitment are focused excludively on providing computer-to-plate system solutions for the graphic arts industry. |
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