Welcome to IDSY board. This company has my attention with customers like US POSTAL SERVICE; FED EX, FORD, AVIS RENT CARS etc. Their technology tracks vehicles, packages, and equipment anywhere. They also will be coming out of their quiet period July 26.
I.D. Systems, Inc. Completes Initial Public Offering;2,000,000 Shares of Common Stock at $7.00 Per Share
NEW YORK, June 30 /PRNewswire/ -- I.D. Systems, Inc. (Nasdaq: IDSY), a
designer, developer and producer of wireless monitoring and tracking systems,
today completed an initial public offering of 2,000,000 shares at $7.00 per
share. The common stock began trading today on the Nasdaq SmallCap Market
under the symbol "IDSY" and the Boston Stock Exchange under the symbol "ID".
The underwriter of the offering was Gilford Securities, Inc.
Company: I.D. Systems, Inc.
Underwriter: Gilford Securities, Inc.
Common: 2 million
Price: $7 per share
Amount: $14 million
Trade Date: June 30, 1999
Settlement Date: July 6, 1999
Based in New York, NY, I.D. Systems designs, develops and produces a
wireless monitoring and tracking system that uses radio frequency technology.
Its system can monitor, track, analyze and control the movement of virtually
any object, including vehicles, equipment and packages. Principal customers
to date are the United States Postal Service, Federal Express Corporation,
Avis Rent A Car System, Inc., Ford Motor Corporation, Hallmark Cards, Inc.,
QVC Inc. and World Color Press, Inc.
SOURCE I.D. Systems, Inc.
CO: I.D. Systems, Inc.
ST: New York
IN: CPR
SU: OFR
06/30/99 14:39 EDT prnewswire.com
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