Descartes Announces Closing Of Bought Deal Public Share Offering.Business Editors WATERLOO, Ontario--(BUSINESS WIRE)--Jan. 10, 2000 (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 :DSGX DSGX Dynamic Sound Generator Xtra (Sony) DSGX Dynamic Sound Generator Extra ) (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :DSG DSG Direct Shift Gearbox (Audi) DSG Dosage DSG Deputy Secretary General DSG Dressing DSG Designate DSG Desmoglein DSG Duke Student Government (Duke University) .) The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG), a leading provider of business-to-business e-commerce solutions, announced today the successful completion and closing of an aggregate Cdn.$69,000,000 offering of Common Shares. In addition to the issue of 3,000,000 Common Shares at a price of Cdn. $20.00 per share, as announced on December 20, 1999, Descartes issued 450,000 Common Shares at the offering price to the underwriters of the offering further to the underwriters' exercise of their over-allotment option to purchase such number of Common Shares, bringing the total number of Common Shares issued to 3,450,000. About Descartes Descartes develops e-business solutions for customer fulfillment networks. Descartes' industry-specific, prepackaged pre·pack·age tr.v. pre·pack·aged, pre·pack·ag·ing, pre·pack·ag·es To wrap or package (a product) before marketing. Adj. 1. solution portfolios and its componentized applications enable companies to create high-performance customer fulfillment networks - aka DeliveryNets(TM). These solutions empower organizations to deliver reliable, responsive customer service in a profitable manner and to create innovative new products and services. Descartes products are used today by more than 850 companies in 35 vertical industries and 50 countries worldwide. For more information about Descartes, visit http://www.descartes.com. All registered and unregistered trademarks mentioned in this release are the property of their respective owners. The offered Common Shares have not been and will not be registered under the United States Securities Act of 1933, as amended and may not be offered, sold or delivered within the United States or to, or for the account of, U.S. persons absent registration or an applicable exemption from the registration requirements of such Act. "Safe Harbor" 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 The Descartes Systems Group Inc.'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 the Company's most recent prospectus and filings. DESCARTES SYSTEMS GROUP CORPORATE HEADQUARTERS 120 RANDALL DRIVE, WATERLOO, ONTARIO, CANADA, N2V 1C6 TEL TEL Telephone TEL Telegram TEL Telugu (langauge) TEL Terrorist Exclusion List TEL Technology-Enhanced Learning TEL Transporter-Erector-Launcher TEL Tetra-Ethyl Lead TEL Team Deutsche Telekom : (519) 746-8110 * FAX: (519) 747-0082 E-MAIL e-mail: see electronic mail. in full electronic mail Messages and other data exchanged between individuals using computers in a network. : info@descartes.com |
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