DG FastChannel Prices Public Offering of Common Stock.DALLAS -- DG FastChannel, Inc. (the "Company") (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 : DGIT) announced today that it has priced a public offering of 2,956,000 shares of its common stock, of which 2,556,000 shares will be sold by the Company and 400,000 shares will be sold by a selling stockholder, at a price of $11.40 per share. 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). to the company, after underwriting discounts and commissions and expenses, will be approximately $27.0 million. The company has granted the underwriters a thirty (30) day option to purchase up to an additional 443,400 shares to cover over-allotments, if any. The offering is subject to customary closing conditions and is expected to close on Tuesday, December 19, 2006. The Company intends to use the net proceeds from the sale of its 2,556,000 shares of common stock to pay down the balance of its revolving credit Revolving Credit A line of credit where the customer pays a commitment fee and is then allowed to use the funds when they are needed. It is usually used for operating purposes, fluctuating each month depending on the customers current cash flow needs. facility, for potential acquisitions and for general corporate purposes. The Company will not receive any of the proceeds from the shares of common stock sold by the selling stockholder. Oppenheimer & Co. is the sole book-running manager in this offering. ThinkEquity Partners, LLC ThinkEquity Partners LLC is a U.S. investment banking firm based in San Francisco, California. ThinkEquity was founded in 2001 with a mission to be the pre-eminent growth focused research-centric investment bank. In April 2007, the firm was merged into Panmure Gordon & Co. and Roth Capital Partners Roth Capital Partners, LLC, is a full service Investment Banking firm, specializing in the small and micro cap markets. Roth’s focus, according to its official website, "has been, is, and will continue to be providing the full spectrum of investment banking services, , LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control are acting as co-managers. This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities in this offering. The offering may be made only by means of a prospectus, copies of which may be obtained, when available, from Oppenheimer & Co., Attention: Equity Capital Markets, 125 Broad Street, 15th Floor, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY 10004, by telephone at (212) 668-8163, or via email at ecm@opco.com. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. This release contains forward-looking statements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the Company, including the expansion of its digital distribution network, and the demand among certain clients for digital audio and video delivery services. These forward-looking statements involve risks and uncertainties, which could cause actual results to differ materially from those projected. These and other risks relating to DG FastChannel's business are set forth in the Company's Registration Statement on Form S-3/A filed with the Securities and Exchange Commission on December 4, 2006. DG FastChannel assumes no obligation to publicly update or revise any forward-looking statements. About DG FastChannel, Inc. DG FastChannel provides innovative, technology-based solutions to help advertisers and agencies work faster, smarter and more competitively. DG FastChannel delivers the standard in digital media services to the advertising, broadcast and publishing industries. The Company utilizes satellite and Internet transmission technologies and has deployed a suite of digital media intelligence and asset management tools designed specifically for the advertising industry, including creative and production resources, broadcast verification, and digital asset management. The Company has an online media distribution network used by more than 5,000 advertisers and agencies, and over 21,000 online radio, television, cable, network and print publishing destinations. For more information visit www.dgsystems.com, www.fastchannel.com or www.dgfastchannel.com. |
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