BROOKTROUT FILES FOR INITIAL PUBLIC OFFERING OF 1.6 MILLION SHARES OF COMMON STOCK
BROOKTROUT FILES FOR INITIAL PUBLIC OFFERING OF 1.6 MILLION SHARES OF COMMON STOCK NEEDHAM, Mass., Aug. 28 /PRNewswire/ -- Brooktrout Technology, Inc. today announced that it has filed a registration statement with the Securities and Exchange Commission for an initial public offering of 1.6 million shares of common stock. Of the shares offered, 1.2 million are being offered by the company and 400,000 are being offered by selling stockholders. The offering will be underwritten by a syndicate of underwriters managed by Tucker Anthony Incorporated and Adams, Harkness & Hill, Inc. The company and a selling stockholder have granted the underwriters an option to buy up to an additional 240,000 shares solely to cover overallotments, if any. Founded in 1984, Brooktrout Technology Inc. designs, manufactures and markets computer hardware and software products for use in facsimile and voice messaging applications in telecommunication and networking environments. Brooktrout's products help direct the flow of electronic information effectively and address the growing use of fax in business communications. The company sells its products to original equipment manufacturers (OEMs), value-added resellers (VARs) and system integrators. Copies of the prospectus, subject to completion, relating to these securities may be obtained by contacting Tucker Anthony Incorporated, attention: Syndicate Department, One Beacon St., Boston, MA 02108, tel. 617-725-2000. 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 announcement 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 any such state. -0- 8/28/92 /CONTACT: Eric Giler of Brooktrout Technology, 617-449-4100, or Maria Blaha of Rourke & Company, 617-267-0042, for Brooktrout/ CO: Brooktrout Technology, Inc. ST: Massachusetts IN: TLS SU: OFR '
CN -- NE007 -- 4589 08/28/92 16:53 EDT
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|Date:||Aug 28, 1992|
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