Printer Friendly

LIBERTY TECHNOLOGIES, INC. FILES INITIAL PUBLIC OFFERING OF 1.8 MILLION SHARES OF COMMON STOCK

 CONSHOHOCKEN, Pa., Feb. 22 /PRNewswire/ -- Liberty Technologies, Inc. (NASDAQ: LBTY) announced today that it filed a registration statement with the Securities and Exchange Commission for an initial public offering of 1.8 million shares of its common stock.
 Of the shares to be offered, 1 million shares will be sold by the company and 800,000 shares will be sold by selling shareholders. The offering is being managed through an underwriting group managed by Robertson, Stephens & Company and Hambrecht & Quist Incorporated.
 Liberty Technologies, Inc. develops, manufactures and sells diagnostic systems and provides related services which are used in nuclear power plants to test both motor operated valves and check valves that are critical to reliable and safe plant operations. Liberty's core product, the Valve Operations Test and Evaluation System (VOTES(R)), and the company's other systems have been sold for use in 78 of the 109 currently operating U.S. nuclear power plants. Liberty is targeting the international nuclear power market and process industries for which it is developing predictive maintenance products.
 A prospectus relating to these securities may be obtained from Robertson, Stephens & Company at One Embarcadero Center, Suite 3100, San Francisco, Calif., 94111, 415-781-9700; or from Hambrecht & Quist Incorporated, One Bush Street, San Francisco, Calif., 94104, 415-576-3300.
 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 any such state.
 /delval/
 -0- 2/22/93
 /CONTACT: Martin M. Thorner, chief financial officer of Liberty Technologies, 215-834-0330/


CO: Liberty Technologies, Inc. ST: Pennsylvania IN: SU: OFR

MJ-CC -- PH020 -- 8919 02/22/93 11:24 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Feb 22, 1993
Words:340
Previous Article:$500,000 LOAN AWARDED TO CD MANUFACTURER IN DELAWARE COUNTY
Next Article:NORDSON REPORTS SALES AND EARNINGS FOR FIRST QUARTER FISCAL 1993
Topics:


Related Articles
LIFE PARTNERS GROUP FILES FOR INITIAL OFFERING OF 9.2 MILLION COMMON SHARES
LIBERTY MEDIA CORPORATION ANNOUNCES TENDER OFFER FOR UP TO 15 MILLION SHARES OF COMMON STOCK OF HOME SHOPPING NETWORK, INC.
ZONAGEN, INC. ANNOUNCES EXTENSION OF STOCK LOCKUP WITH VENTURE CAPITAL INVESTORS
Hyperion Announces Public Offering
Augment Announces Initial Public Offering of Common Stock and Redeemable Common Stock Purchase Warrants; Stock Traded on Nasdaq
Liberty Group Publishing, Inc. Announces the Filing of a Registration Statement for an Initial Public Offering.
Liberty Media Corporation Completes Acquisition Of Liberty Satellite & Technology, Inc.
Bois d'Arc Energy Announces Pricing of Initial Public Offering of Its Common Stock.
Liberty Global Announces Series C Stock to Commence When-Issued Trading.
Digital Realty Trust Announces Pricing of Cumulative Convertible Preferred Equity Offering.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters