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Wednesday November 18, 4:21 pm Eastern Time
Company Press Release
SOURCE: New Era of Networks, Inc.
New Era of Networks, Inc. Files Registration Statement for Offering of Four Million Shares of Common Stock
ENGLEWOOD, Colo., Nov. 18 /PRNewswire/ -- New Era of Networks™, Inc. (Nasdaq: NEON - news) today filed a registration statement with the Securities and Exchange Commission for an offering of four million shares of common stock. The company shall offer all the shares of common stock. The company also has granted the underwriters an option to purchase up to 600,000 additional shares of common stock to cover over-allotments, if any.
The shares included in this offering will be issued following the previously announced two-for-one split of NEON common stock that will be effected in the form of a 100 percent stock dividend to stockholders of record as of November 23, 1998. This offering will raise total outstanding shares, post-split, to approximately 28,680,000. The offering will be managed by Credit Suisse First Boston Corporation; SG Cowen Securities Corporation; SoundView Technology Group, Inc.; Volpe Brown Whelan & Co., LLC; and Warburg Dillon Read LLC.
NEON plans to use the proceeds of the offering for general corporate purposes, including working capital, and proceeds may also be used for potential acquisitions of complementary businesses or products.
A copy of the prospectus relating to the offering may be obtained from Credit Suisse First Boston, 11 Madison Avenue, New York, NY 10010; SG Cowen Securities Corp., Financial Square, New York, NY 10005; SoundView Technology Group, Inc., 22 Gatehouse Road, Stamford, CT 06902; Volpe Brown Whelan & Co., One Maritime Plaza, San Francisco, CA 94111; and Warburg Dillon Read LLC, 299 Park Avenue, New York, NY 10171.
New Era of Networks develops, markets and supports enterprise application integration (EAI) software and services. The company's architectural platform, NEONet™ provides organizations with a structured software platform for the rapid and efficient integration and ongoing maintenance of disparate systems and applications across the enterprise. The company's packaged software solutions support EAI across popular hardware platforms, operating systems and database types.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
New Era of Networks, the NEON logotype, NEONet, NEONweb, Neonsoft, NEONaccess, NEONreplication, NEONmsgtrak, and Open Broker are trademarks of New Era of Networks, Inc. All other trademarks and registered trademarks are the property of the respective trademark holders.
For more information contact Leonard Goldstein, Senior Vice President and Senior Counsel; or Cynthia L. King, Investor Relations Manager, both of New Era of Networks, Inc., 303-694-3933.
SOURCE: New Era of Networks, Inc.
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