800,000 DATEQ INFORMATION NETWORK INITIAL COMMON SHARES OFFERED AT $10 PER SHARE
800,000 DATEQ INFORMATION NETWORK INITIAL
COMMON SHARES OFFERED AT $10 PER SHARE
CHICAGO, Nov. 6 /PRNewswire/ -- The Chicago Corporation, manager of the underwriting group, announced today the initial public offering of 800,000 shares of DATEQ Information Network, Inc. common stock at $10 per share, all of which will be sold by the company in the primary offering. If the over-allotment option is exercised, up to an additional 120,000 shares could be sold by certain shareholders.
Net proceeds to the company will be used to purchase computer equipment, acquire and develop additional databases, repay short-term debt and for general corporate purposes.
Headquartered in Norcross, Ga., DATEQ Information Network, Inc. is a provider of information products for use in support of the marketing, underwriting and claims activities of automobile insurance companies.
This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful under the securities laws of any such state. Prospectuses are available from the Chicago Corporation, 208 S. LaSalle St., Chicago, IL 60604. Telephone: 312-855-7600.
/CONTACT: Philip R. Clarke III of Chicago Corporation, 312-855-7740, or Robert L. Stanley, chairman and CEO of DATEQ Information Network, 404-446-8282/ CO: DATEQ Information Network Inc. ST: Georgia, Illinois IN: INS SU: OFR FC-SM -- NY075 -- 1853 11/06/91 15:57 EST