Etec Systems Inc. files registration statement for initial public offering.

HAYWARD, Calif.--(BUSINESS WIRE)--Sept. 22, 1995--Etec Systems Inc. ("Etec Systems" or the "Company"; proposed NASDAQ, NMS:ETEC) announced today that it has filed a registration statement with the Securities and Exchange Commission for an initial public offering of 4,200,000 shares of common stock.

The offering price is expected to be between $8.50 and $10.50 per share. Of the 4,200,000 shares being offered, 3,841,667 shares will be sold by the company and 358,333 will be sold by the selling stockholders. The offering will be managed by Robertson, Stephens & Company L.P., and Needham & Company Inc.

The net proceeds to the company from the offering will be used for capital expenditures for general corporate purposes including working capital and for the repayment of indebtedness.

Etec Systems is the world leader in the production of mask pattern generation equipment for the semiconductor industry. Etec designs, develops, manufactures and markets equipment that produces high precision marks, which are used to print circuit patterns onto semiconductor wafers. The company also derives significant revenues from service and support of its installed base of systems.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective.

Copies of the preliminary prospectus relating to the offering may be obtained from Robertson, Stephens & Company L.P., 555 California St., Suite 2600, San Francisco, Calif. 94104, 415/781-9700; or Needham & Company Inc., 400 Park Ave., New York, NY 10022, 212/371-8300.

CONTACT: Etec Systems Inc., Hayward

Stephen E. Cooper, 510/783-9210