Elcom International commences initial public offering of common stock.NORWOOD, Mass.--(BUSINESS WIRE)--Dec. 21, 1995--Elcom International Inc. (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 : ELCO ELCO Eastern Lebanon County (school district, Pennsylvania) ELCO El Camino ELCO Electrolytic Capacitor ELCO Early Opening Local Census Office ELCO Electronic Company ) announced today that yesterday it completed an initial public offering of 5,500,000 shares of its common stock. Of the 5,500,000 shares offered, 4,000,000 were offered by the company and 1,500,000 were offered by certain stockholders. The initial public offering price was $11 per share. The offering was managed by Robertson, Stephens & Co. L.P. and Volpe, Welty & Co. The company intends to use the 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). from the offering to increase the company's sales and marketing operations, fund research and development, develop distribution channels, broaden customer support capabilities, and to provide for working capital and other general corporate purposes, including financing for possible acquisitions. Elcom International Inc. develops and licenses proprietary software systems which enable the conduct of interactive electronic commerce and, through a subsidiary, Catalink Direct, is currently using this technology to market PC products electronically. The company's proprietary Personal Electronic Catalog and Ordering System (PECOS) technology enables the company and its licensees to create interactive electronic catalog and ordering systems and thereby market products and services using PC-based electronic commerce systems which operate on private Internet Protocol See Internet and TCP/IP. (networking) Internet Protocol - (IP) The network layer for the TCP/IP protocol suite widely used on Ethernet networks, defined in STD 5, RFC 791. IP is a connectionless, best-effort packet switching protocol. networks. A registration statement relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc these securities was filed and declared effective by the Securities and Exchange Commission. Copies of the prospectus relating to the offering may be obtained from Robertson, Stephens & Co., L.P., 555 California Street, Suite 2600, San Francisco, 94104, 415/781-9700; or Volpe, Welty & Co., One Maritime Plaza One Maritime Plaza is an office tower located in San Francisco's Financial District near the Embarcadero Center towers on Clay and Front Streets. The building, completed in 1964, stands 121 m (398 feet) and has 27 floors of office space. , 11th Floor, San Francisco, 94111, 415/956-8120. CONTACT: Elcom International Howard A. Samuels, 617/762-0202, ext. 4024 |
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