Interesting FCCN (FNT) news:
biz.yahoo.com
Tuesday February 8, 9:44 am Eastern Time
Company Press Release
Frontline Communications Corporation Announces Effectiveness of Registration Statement
Common and Preferred Stock to Trade On Amex
PEARL RIVER, N.Y.--(BUSINESS WIRE)--Feb. 8, 2000-- Frontline Communications Corp. (AMEX: FNT - news), www.frontline.net, today announced that its registration statement relating to its public offering of 1,000,000 shares of Series B Convertible Redeemable Preferred Stock at $15.00 per share has been declared effective by the Securities and Exchange Commission. Each share of Series B Preferred Stock will entitle the holder to an annual dividend of $0.60, will be convertible into 3.4 shares of Frontline's common stock and is redeemable under certain circumstances. Frontline's common stock and the Series B Convertible Redeemable Preferred Stock will trade on the American Stock Exchange under the symbols FNT and FNT.Pr commencing on February 8. The Company's warrants will continue to trade on the NASDAQ Small Cap Market under the symbol FCCNW.
Copies of the prospectus relating to the offering may be obtained from Prime Charter Ltd., the managing underwriter of the offering, at 499 Park Avenue, New York, New York 10022, Attention: Syndicate Department.
About Frontline
Founded in 1995, Frontline Communications Corporation provides Effortless Ecommerce and Internet Access to small businesses nationwide. Frontline offers high-quality Internet services (Access, Development and Presence) through its three Ecommerce brands: Frontline.net, www.frontline.net, WOWFactor.com, and iShopNetworks.com, each serving important geographic, demographic and vertical small business market segments. Frontline's focus on specific small businesses and their unique needs helps those customers utilize the Internet more easily to achieve an advantage over their competitors. With the acquisition of WebPrime, a member of IBM's Web Integrator Initiative, Frontline now provides its clients with full Web design, development and Ecommerce solutions. Frontline is headquartered in Pearl River, New York, and is traded on the American Stock Exchange.
The statements which are not historical facts contained in this press release are forward looking statements that involve risks and uncertainties, including but not limited to, changes in the market for Internet services, regulatory and technological changes, economic factors, increased competition, and the nature of supplier of customer arrangements which become available to the Company in the future. The Company's actual results may differ materially from the results discussed in any forward-looking statement.
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Contact:
Rick Byrne Martin E. Janis
Corporate Communications Investor Relations
Phone: (914) 623-8553 X1180 Phone: (914) 623-8553 X1195
Fax: (914) 623-8669 Fax: (914) 623-8669
Rbyrne@fcc.net Investinfo@fcc.net |
