Datalink Corporation Announces Initial Public Offering Of Common Stock.MINNEAPOLIS--(BUSINESS WIRE)--August 6, 1999-- Datalink Corporation Datalink Corporation (NASDAQ: DTLK) is an American data storage corporation with operations throughout the United States. The company engages in the design, installation, and support of data storage infrastructures that store, protect, and provide continuous access to (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 :DTLK) today announced the initial public offering of 2,600,000 shares of Common Stock at an initial public offering price of $7.50 per share. All 2,600,000 shares of Common Stock were offered on behalf of Datalink. Upon the completion of the offering, Datalink will have 8,670,947 shares outstanding. In addition, the underwriters have a 30-day option to purchase up to 375,000 and 15,000 additional shares of Common Stock, respectively, from Datalink and a selling stockholder solely to cover over-allotments, if any. The shares were offered through underwriters led by Needham & Company, Inc., Cruttenden Roth Incorporated and John G. Kinnard and Company, Incorporated. Datalink Corporation, based in Minneapolis, Minnesota “Minneapolis” redirects here. For other uses, see Minneapolis (disambiguation). Minneapolis (pronounced IPA: /ˌmɪniˈæpəlɪs/) is the largest city in the U.S. , is the industry's leading independent provider of networked storage solutions for Open Systems computing environments. Designed to store, access, and protect business critical information, the Company's solutions are developed using best-of-breed technologies and professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. . A comprehensive suite of services - analysis, design, integration, implementation, training, technical support, and maintenance - are delivered by Datalink's multi-tiered professional services organization. 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 or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offer is made only by the prospectus, a copy of which may be obtained from the offices of Needham & Company, Inc., 445 Park Avenue, 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 , New York 10022; Cruttenden Roth Incorporated, 24 Corporate Plaza, Newport Beach, California Newport Harbor redirects here. For the MTV reality series, see . Newport Beach, incorporated in 1906, is a city in Orange County, California, 10 miles south of downtown Santa Ana. 92660; and John G. Kinnard and Company, Incorporated, 920 Second Avenue South, Minneapolis, Minnesota 55402. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: Statements in this press release regarding Datalink Corporation's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Prospectus and information contained in reports filed with the U.S. Securities and Exchange Commission. |
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