SHARED ANNOUNCES IPO REGISTRATION
SHARED ANNOUNCES IPO REGISTRATION DALLAS, Nov. 11 /PRNewswire/ -- Shared Financial Systems, Inc.
announced today the filing of a registration statement with the Securities and Exchange Commission relating to the proposed initial public offering of 2,100,000 shares of common stock. 1,500,000 of the shares are to be sold by the company and 600,000 shares are to be sold by the selling stockholders. It is currently anticipated that the initial public offering price will be between $9.00 and $11.00 per share.
Cowen & Company and Wessels, Arnold & Henderson will co-manage the offering. A copy of the preliminary prospectus can be obtained from the offices of Cowen & Company, One Exchange Place, Boston, Mass., 02109; or Wessels, Arnold & Henderson, 901 Marquette Avenue South, Minneapolis, Minn., 55402. Shared is a worldwide leader in developing, marketing, installing and supporting large and complex application software products for the automated on-line transaction authorization (OLTA) segment of the on- line transaction processing market. Shared's software products are used by its customers in the financial services, retailing and healthcare services markets to authorize and process transactions involving credit cards, debit cards, checks, automated teller machines, frequent shopper and relationship marketing programs, pharmacy insurance claims and other applications. In addition, Shared sells expert technical and business consulting services designed to assist customers in installing and implementing OLTA software products licensed by Shared. A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sales 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. -0- 11/11/91 /CONTACT: Richard Streller, president and CEO, 214-458-3825, or Neil A. Johnson, senior VP Finance and CFO, 214-458-3871, both of Shared Financial Systems/ CO: Shared Financial Systems, Inc. ST: Texas IN: CPR SU: OFR SM -- NY073 -- 3170 11/11/91 16:55 EST
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|Date:||Nov 11, 1991|
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