Q-Comm AMEX listed (QMM), sells "units" with the aid of paulsen.
biz.yahoo.com
Q Comm Prices Public Offering and Confirms Listing on American Stock Exchange
Tuesday June 24, 5:30 pm ET
OREM, Utah--(BUSINESS WIRE)--June 24, 2003--Q Comm International Inc. (OTC BB: QCMM) today announced that its registered public offering of 1,100,000 units became effective today at 4:30 p.m. Eastern Time. The units were priced at $13.00. Each unit consists of two shares of common stock and one warrant to purchase an additional share of common stock at $9.75. Gross proceeds to the company will be approximately $14.3 million. The offering is expected to close June 30, 2003. The managing underwriter of the offering is Paulson Investment Co. Inc. Paulson has been granted an option to purchase up to 165,000 additional units from the company for the purpose of covering overallotments, if any. This offering may only be made by prospectus. Copies of the prospectus may be obtained from Paulson Investment Co. Inc., 811 Southwest Naito Parkway, Portland, OR 97204.
Q Comm also announced today that the American Stock Exchange (AMEX) has agreed to list the units, the common stock and the unit warrants under the symbols, "QMM," "QMM.WS" and "QMM.U," respectively. Trading in the units and the common stock on the AMEX will begin tomorrow, June 25, 2003. However, the common stock and the unit warrants included in the units will not begin to trade separately until July 25, 2003. The approval from the American Stock Exchange is contingent on the company being in compliance with all applicable listing standards on the date it begins trading on the AMEX and may be rescinded if it is not in compliance with those standards. Trading of the company's shares on the Over The Counter Bulletin Board under the symbol "QCMM" will be discontinued at close of business on June 24, 2003.
"The money we have raised in this offering will be used to satisfy demand for our products and to fund our growth," said Paul Hickey, chief executive officer of Q Comm International. "And we are delighted to be listed on the AMEX. We believe this will provide much better visibility and liquidity for the company and our shareholders."
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