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BROADWAY & SEYMOUR, INC. ANNOUNCES PUBLIC OFFERING OF 2,500,000 SHARES OF COMMON STOCK

 BROADWAY & SEYMOUR, INC. ANNOUNCES PUBLIC OFFERING
 OF 2,500,000 SHARES OF COMMON STOCK
 CHARLOTTE, N.C., March 25 /PRNewswire/ -- Broadway & Seymour, Inc., of Charlotte, N.C., announced today that it has filed a registration statement with the Securities and Exchange Commission for an initial public offering of 2,500,000 shares of its Common Stock with an estimated price range of $10.00 to $12.00 per share. Of the shares being offered, 1,600,000 will be offered by the Company and 900,000 will be offered by certain stockholders. The offering will be managed by Robertson, Stephens & Company, Volpe, Welty & Company and William Blair & Company.
 Net proceeds will be used for the repayment of indebtedness incurred in two recent acquisitions, general corporate purposes and possible future acquisitions.
 Broadway & Seymour, Inc. provides a broad range of information technology solutions to the financial services industry. The Company offers systems integration and software development services, project management, software products and service bureau and facilities management services. The Company also remarkets third-party software and hardware products.
 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 PRESS RELEASE 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 PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF SUCH STATE.
 A prospectus relating to these securities may be obtained from Robertson, Stephens & Company, One Embarcadero Center, Suite 3100, San Francisco, Calif. 94111, (415) 781-9700, or William Blair & Company, 135 South LaSalle Street, Suite 2900, Chicago, Ill. 60603, (312) 236-1600.
 -0- 3/25/92
 /CONTACT: Paul R.M. Demmink, Executive Vice President and Chief Financial Officer, Broadway & Seymour, Inc., 704-372-4281/ CO: Broadway & Seymour, Inc. ST: North Carolina IN: FIN CPR SU: OFR


CM -- CH004 -- 1595 03/25/92 14:56 EST
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Publication:PR Newswire
Date:Mar 25, 1992
Words:351
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