Regarding SFE:
Safeguard Scientifics Announces Filing of
Registration Statement For US Interactive IPO
"WAYNE, Pa., May 19 /PRNewswire/ -- Safeguard Scientifics, Inc. (NYSE: SFE - news), the developer and operator of Internet technology companies, announced today that US Interactive, Inc. has filed a registration statement with the Securities and Exchange Commission for an initial public offering of its common stock.
A portion of the shares will be offered to Safeguard shareholders as of a future record date that has yet to be determined. The offering ratio to Safeguard shareholders and the minimum purchase requirement havenot yet been set.
US Interactive is a leading international Internet professional services company that helps world class organizations capitalize on the business opportunities associated with the Internet. By combining business strategy, digital marketing and technology skills, US Interactive builds electronic enterprises using its proprietary e-Roadmap(TM) development plan, IVL(TM) Methodology, and CAPTURE -- an extranet relationship management tool. Founded in 1994 and headquartered in Philadelphia, US Interactive currently has more than 230 employees in six offices including Los Angeles; Murray Hill, N.J.; New York; Singapore; and Washington, D.C.
This announcement is not an offer to sell or a solicitation of an offer to buy any securities. The offering will be made only by means of a prospectus, subject to the effectiveness of the registration statement.
About Safeguard
Safeguard Scientifics, Inc. (www.safeguard.com) develops and operates rapidly growing information technology companies that together form a community of shared resources with a strategic emphasis in eCommerce, enterprise applications, and network infrastructure, all of which are expected to benefit from the growing use of the Internet as a fundamental business tool. A long-term partner, Safeguard works closely with its partnership companies providing numerous operational and management services to build value in preparation for going public and beyond. Safeguard's partnership companies include privately held companies and public companies. Safeguard also assists in managing and working with several venture capital funds."
This stock continues to look bullish going forward.
Teflon |
