Optimal Robitics Corp. Files Registration Statement With Securities and Exchange Commission
Canadian Corporate News - March 08, 1999 23:05
MONTREAL, QUEBEC--Optimal Robotics Corp. (NASDAQ: OPMR) today announced that it has filed a registration statement on Form F-1 with the Securities and Exchange Commission under which the Company will offer and sell 3 million common shares through The Robinson- Humphrey Company, LLC and Gerard Klauer Mattison & Co., Inc.
Optimal Robotics Corp. is the leading provider of self-checkout systems for express lanes in supermarkets and supercenters throughout the United States. The Company's principal product is the U-Scan(R) Express, an automated self-checkout system which enables shoppers to scan, bag and pay for their purchases with limited or no assistance from store personnel. The U-Scan(R) Express is designed to reduce the cost of checkout transactions to retailers and increase shoppers' convenience. There are currently 120 U-Scan(R) Express systems installed in stores located in 18 states for several leading retailers, including The Kroger Company, Meijer, Inc. and Wal-Mart Stores, Inc.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. 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 in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
A written prospectus may be obtained from:
The Robinson-Humphrey Company, LLC
3333 Peachtree Road, NE
Atlanta, Georgia 30326
Gerard Klauer Mattison & Co., Inc.
529 Fifth Avenue
New York, New York 10017
FOR FURTHER INFORMATION PLEASE CONTACT:
Optimal Robotics Corp.
Holden L. Ostrin
Vice Chairman
(514) 738-8885
holdeno@optimal-robotics.com
optimal-robotics.com
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