Diversified Security Solutions Announces Underwriter Exercise of Over-Allotment Option.Business/High Tech Editors SADDLE saddle, seat or pad to support the rider on an animal, chiefly a horse. The saddles mentioned in the Bible are generally considered to have been saddlecloths. The ancient Greeks sometimes used saddlecloths, but they had no saddles and often rode bareback. BROOK, N.J.--(BUSINESS WIRE)--Dec. 19, 2001 Diversified diversified (di·verˑ·s Security Solutions, Inc. (AMEX AMEX See: American Stock Exchange :DVS DVS Det Vill Säga (Swedish) DVS Descriptive Video Service DVS Dynamic Voltage Scaling DVS Driver and Vehicle Services (Minnesota) DVS Digital Video System DVS Digital Video Services ), a single-source provider of integrated security systems, announced today that GunnAllen Financial, Inc. of Tampa, Fla., has exercised its option to purchase an additional 225,000 shares of common stock at $7 per share to cover over-allotments related to the Company's Initial Public Offering on Nov. 16, 2001. On that date, the underwriters offered 1,500,000 shares of common stock, netting the Company $9,450,000 before deducting expenses of the offering. A copy of the prospectus can be obtained from GunnAllen Financial, Inc., 1715 North Westshore Blvd., 7th Floor, Tampa, FL 33607, phone 800/713-4046, or from Diversified Security Solutions, Inc., 280 Midland Ave., Saddle Brook, NJ 07663, phone 201/794-6500. Diversified Security Solutions, Inc. is a single source provider of diversified technology-based integrated security solutions for commercial enterprises and governmental agencies. The Company's two operating units operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon , which focus on the electronic security segment of the security industry, are Henry Brothers Electronics (HBE) and Viscom Products, Inc. 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 in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State. |
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