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Chaparral Network Storage Files for Initial Public Offering.

Business/High Tech Editors

LONGMONT, Colo.--(BUSINESS WIRE)--March 8, 2000

Chaparral Network Storage, Inc., today announced that it has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of its Common Stock.

The initial public offering is being managed by Credit Suisse First Boston, Salomon Smith Barney, Bear, Stearns & Co. Inc. and Needham & Company, Inc. When available, a copy of the final prospectus related to the offering can be obtained from Credit Suisse First Boston, 11 Madison Avenue, New York, NY 10010, or Salomon Smith Barney, 140 58th Street, Brooklyn NY 11220, Attention: Prospectus Department.

A registration statement on Form S-1 relating to the Common Stock has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers be accepted, prior to the time the registration statement becomes effective. This press release does not constitute an offer to sell or a solicitation of an offer to buy the Common Stock, nor shall there be any sale of the Common Stock in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification of the Common Stock under the securities laws of any such state.

About Chaparral Network Storage, Inc.

Chaparral is a leading provider of high performance products that facilitate the movement of data between networked storage devices. The Company is focused primarily on developing products for use in the emerging market for SANs. Chaparral's Intelligent Storage Routers facilitate the interconnection of SANs with existing SCSI-based servers and storage systems. Chaparral's external RAID controllers distribute data across multiple hard disk drives to increase data transfer speeds and deliver fault tolerance. The Company's products are designed to provide a high level of performance, availability and functionality.
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Publication:Business Wire
Date:Mar 8, 2000
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