Audited Financials for FY '99, ended March 31, Ready in June
-- topjobs.net plc (Nasdaq: TJOB) announced that it has begun to apply the net proceeds of approximately $35.5 million from its sale of 3.3 million American Depositary Shares (ADS), at $12 per ADS, on April 28, 1999; has added or renewed 16 major multinational clients since the IPO; has agreed to be the anchor tenant on the jobs channel of VirginNet, a top UK Internet Service Provider (ISP); and, has launched national television advertising campaigns in the UK and Ireland.
Victor F. Kaminski, President and Chief Executive Officer, said, "The IPO-related quiet period mandated under US Securities and Exchange Commission regulations has expired and the Company can now confirm that it has retired its entire outstanding bank indebtedness of $3.2 million from the proceeds. And, we have begun to move ahead with our plans stated in the prospectus."
"Our immediate objectives are both client and market driven. Our international expansion plans include an organic and acquisitive growth strategy, in line with our strategic and operational needs. We are in active discussions with key players in the European market, with the aim of expanding our business into specific European country markets. We are also focused on consolidating and streamlining our business in existing country operations, by strengthening our operation and market penetration in each of the country markets we presently serve," said Kaminski.
From the latest PR May 25, 1999... thought I would include the year just in case..LOL<b/>
TK |
