Tomorrow's Morning Inc. announces IPO completion.LOS ANGELES--(BUSINESS WIRE)--April 11, 1997--Tomorrow's Morning 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 Small Cap: TOMM TOMM Test of Memory Malingering , TOMMW), a children's newspaper publisher, announced today that it has completed its initial public offering, which commenced on Feb. 10, 1997. As a result of the offering, the company sold 1,167,277 shares of common stock and 900,000 common stock purchase warrants, resulting in 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). of $5,373,417 (before deducting certain expenses payable by the company). Founded in 1992 and based in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , Tomorrow's Morning Inc., publishes "TOMORROW'S MORNING," America's first weekly home-delivered national newspaper for kids 8-14, in print and on-line. Often described as a "USA Today" for kids, 218 weekly issues of "TOMORROW'S MORNING" have been published for children and schools nationwide. The paper received the 1996 Gold Seal "Parents' Choice Group Magazine Award" from Parents' Choice and the 1996 "Distinguished Achievement in Educational Publishing" award from the Educational Press Association of America for its "Kidstocks" column explaining the stock market to children. The company is also currently developing multi-media products, starting with SCOOP(tm), a CD-ROM CD-ROM: see compact disc. CD-ROM in full compact disc read-only memory Type of computer storage medium that is read optically (e.g., by a laser). journalism game featuring Larry King and Ben Bradlee, former editor of The Washington Post, as the "editor." SCOOP(tm) will enable players to investigate, interview, conduct research and file stories, within a 3-D interactive environment that includes Internet access and playability. The company's overall goal is to enhance the education and world-view of children by helping them fully make the transition from "learning to read" to "reading to learn." CONTACT: Tomorrow's Morning Inc., Los Angeles Adam Linter lint·er n. 1. The short fibers that cling to cottonseeds after the first ginning. Often used in the plural. 2. A machine that removes these short fibers from the seeds of cotton. , President, 310/440-2778 www.morning.com |
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