Moldflow Corporation Completes Initial Public Offering"
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News Release
Contact: Brian Bennett
Boston Communications
617-619-9802
bbennett@bcww.com
FOR IMMEDIATE RELEASE
Moldflow Corporation Completes Initial Public Offering
Lexington, MA - March 28, 2000 - Moldflow Corporation (NASDAQ: MFLO), the world leader in process-wide plastics solutions, today announced the initial public offering of 3,000,000 shares of its common stock at a price of $13 per share. The offering is being managed by Adams, Harkness & Hill, Inc. and A.G. Edwards & Sons, Inc.
The net proceeds to Moldflow from the offering will be used to fund the pending acquisition of C-Mold, a provider of simulation software solutions, as well as related transaction expenses, with the remaining funds being used for general corporate purposes, including working capital, capital expenditures, and any other future acquisitions.
Information on the factors and risks that could affect Moldflow's business financial condition and results of operation are included under the "Risks Factors" section of Moldflow's registration statement on Form S-1 (File No. 333-95289), which was filed with and declared effective by the Securities and Exchange Commission and is available at sec.gov. Copies of all or any portion of the registration statement can be obtained from the Public Reference Section of the SEC, 450 Fifth Street, N.W., Washington, D.C., 20549.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Moldflow
Moldflow, founded in 1978, is the world leader in process-wide solutions for optimizing the design and manufacture of plastic products. Moldflow's complete suite of simulation software products provide the tools that allow companies to address plastic part design and manufacturing issues at the earliest possible stage to eliminate problems and costly downtime on the manufacturing floor. As the plastics product design and manufacturing industry becomes increasingly competitive, Moldflow continues to provide solutions that maximize productivity and profitability. Please visit our web site at www.moldflow.com. |
