Optical Coating Laboratory, Inc. Announces the Completion of a Public Stock Offering.
The Company intends to use the net proceeds from this offering for working capital and other general corporate purposes. The Company also intends to use a portion of the net proceeds to fund the growth of its subsidiary, Flex Products, Inc., and support the growth in the Company's telecommunications market. In addition, the Company may use a portion of the proceeds to acquire complementary businesses, products, services or technologies.
This press release is not intended as an offer to sell or a solicitation or offer to buy these securities nor will there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state or jurisdiction.
A final prospectus relating to this offering may be obtained from the offices of Hambrecht & Quist, One Bush Street, San Francisco, CA 94104; Banc of America Securities, 600 Montgomery Street, San Francisco, CA 94111; or SoundView Technology Group, 22 Gatehouse Road, Stamford, CT 06902.
Except for historical information contained herein, the matters discussed in this news release are forward-looking statements that involve risks and uncertainties. Actual results may vary significantly based on a number of factors including, but not limited to: product development, commercialization and technological difficulties; manufacturing cost, yield and throughput issues associated with initiating production at new facilities; the impact of competitive products and pricing; changing customer requirements and buying patterns; timely availability and acceptance of new products; and the change in economic conditions of the various markets served by OCLI and its Subsidiaries.
Optical Coating Laboratory, Inc. (OCLI) is a worldwide leader in optical thin film coating technologies. OCLI's products are found in many applications including computer displays, telecommunications equipment, photocopiers, fax machines, medical and analytical instruments, communications satellites and aerospace and defense systems. Flex Products, Inc., OCLI's wholly owned subsidiary, designs and manufactures thin film coatings on flexible substrates using high vacuum roll-to-roll processes. Flex supplies critical pigments for use in anti-counterfeiting applications, energy conserving window film for residential, commercial, and automotive applications and ChromaFlair(R) light interference pigments for commercial paints. For more information about OCLI, visit its web site at www.ocli.com.
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|Date:||May 21, 1999|
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