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Microcap & Penny Stocks : Aim Smart CP (OTC: AIMS)

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To: kaydee who wrote (477)	7/15/1999 8:22:00 AM
From: kaydee	Read Replies (2) of 495

Wednesday July 14, 4:57 pm Eastern Time NetZero files for $115 mln IPO WASHINGTON, July 14 (Reuters) - Internet firm NetZero Inc. said Wednesday it plans to raise about $115 million through the first-ever public sale of its common stock. In an initial public offering filed with the Securities and Exchange Commission, the Westlake Village, Calif.,-based company said it has applied to trade on Nasdaq under the stock symbol (Nasdaq:NZRO - news). The company did not disclose the amount of stock to be offered nor the estimated initial selling price. The filing was made in a nominal amount and usually for the purpose of calculating a registration fee. In practice, companies usually amend initial public offering statements later to include the specific amount of stock to be sold and at what price. Goldman Sachs & Co., Donaldson Lukfin & Jenrette, Hambrecht & Quist and Wit Capital Corp. will manage the offer. NetZero provides free Internet access via a local dial-up account and an e-mail account for each individual user in a household. Net proceeds will be used for general corporate purposes, principally working capital, capital expenditures and possible acquisitions. biz.yahoo.com

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