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SPINNAKER SOFTWARE CORPORATION FILES REGISTRATION STATEMENT WITH SEC

SPINNAKER SOFTWARE CORPORATION FILES REGISTRATION STATEMENT WITH SEC
 CAMBRIDGE, Mass., Feb. 7 /PRNewswire/ -- Spinnaker Software Corporation (NASDAQ: SPKR) today announced that it has filed a registration statement on Form S-3 with the Securities and Exchange Commission relating to an offer and sale of 1,861,000 shares of its common stock held by Software Publishing Corporation ("SPC").
 These shares were acquired by SPC as consideration for Spinnaker's purchase of the PFS: product line from SPC in January 1991, and consequently the shares had been included as part of Spinnaker's issued and outstanding common stock for the past year. The PFS: purchase agreement provided for the registration and sale of these shares in order to provide for the liquidity of the purchase price. The shares will be sold by SPC for its own account; Spinnaker will not receive any of the proceeds. The company expects that SPC will sell its shares through customary brokerage channels at prevailing market rates or through private sale.
 A written prospectus may be obtained for Software Publishing Corporation, 3165 Kifer Rd., P.O. Box 54983, Santa Clara, Calif., 95056-0983, Attn: Mr. Truman Cole.
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 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.
 -0- 2/7/92
 /CONTACT: Ron Goldfuss of Spinnaker, 617-494-1200 Ext. 257/
 (SPKR) CO: Spinnaker Software Corporation ST: Massachusetts IN: CPR SU: OFR


EG-SH -- NE009 -- 7927 02/07/92 16:35 EST
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Publication:PR Newswire
Date:Feb 7, 1992
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