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NEODATA CORPORATION FILES FOR INITIAL OFFERING OF 2.6 MILLION COMMON SHARES

 NEODATA CORPORATION FILES FOR INITIAL OFFERING
 OF 2.6 MILLION COMMON SHARES
 DALLAS, April 14 /PRNewswire/ -- Neodata Corporation today announced that it had filed a registration statement with the Securities and Exchange Commission for an initial public offering of 2.6 million shares of its common stock. Neodata will use the proceeds of approximately $40 million generated from the primary offering to reduce its long-term debt.
 Hicks, Muse & Co. Inc., Wand Partners Inc. and certain members of senior management formed Neodata in 1990 to acquire the magazine fulfillment division of A.C. Nielsen Company and TMI Corporation, a leading telemedia services company. Hicks, Muse; Wand; and management are not selling any of their shares in the initial public offering.
 Neodata is a leading provider of a wide variety of direct marketing services that support the Company's clients in promoting and distributing their services and products. Neodata's services include magazine, book and product fulfillment; book and product warehousing and distribution; inbound and outbound telemarketing; and marketing database management.
 The managing underwriters for the offering are Goldman, Sachs & Co. and Prudential Securities Inc.
 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 news 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.
 -0- 4/15/92
 /CONTACT: Steven Bruce or Robert Guenther of the Abernathy/MacGregor Group, 212-371-5999, for Hicks, Muse & Co., or Victoria Young of Krause & Young, 214-741-7500, for Neodata/ CO: Neodata Corporation ST: Texas IN: SU: OFR


KD -- NY029 -- 8570 04/15/92 10:02 EDT
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Publication:PR Newswire
Date:Apr 15, 1992
Words:324
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