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Technology Stocks : Interliant, Inc. (INIT) -- Ignore unavailable to you. Want to Upgrade?

To: AlienTech who wrote (421)	7/24/1999 11:48:00 AM
From: Mr Metals	Read Replies (1) \| Respond to of 1214

Interliant Prices Initial Public Offering PURCHASE, N.Y., July 8 /PRNewswire/ -- Interliant, Inc. (Nasdaq: INIT) announced today that it has priced its initial public offering of 7,000,000 shares of common stock at $10 per share. Interliant intends to use the net proceeds from the offering, estimated at $63.7 million, for acquisitions, capital expenditures, repayment of certain indebtedness arising in connection with recent acquisitions and for working capital and general corporate purposes. The underwriters for this offering are managed by Merrill Lynch & Co., Donaldson, Lufkin & Jenrette and CIBC World Markets. A copy of the related prospectus may be obtained from Merrill Lynch & Co., World Financial Center, 250 Vesey Street, New York, NY 10281, Donaldson, Lufkin & Jenrette, 277 Park Avenue, New York, NY 10172 or CIBC World Markets, 280 Park Avenue, West Bldg., 20th Floor, New York, NY 10017. Interliant is a provider of a wide range of hosting and enhanced Internet services that enable its customers to deploy and manage their Web sites and network-based applications more effectively than internally developed solutions. In addition to virtual, dedicated and co-located hosting solutions, Interliant offers groupware and application hosting services that provide customers with remote access to mission-critical applications and data. Interliant has three primary data centers, including state-of-the-art facilities in Atlanta and Houston and a recently leased facility in the Washington D.C. area. Statements contained in this press release that are not historical facts may be deemed to be forward-looking statements which are subject to risks and uncertainties, including those discussed in the Registration Statement filed by Interliant, Inc. with the Securities and Exchange Commission. Interliant is a registered trademark of Interliant, Inc. SOURCE Interliant, Inc. CO: Interliant, Inc. ST: New York IN: CPR SU: OFR 07/08/99 14:25 EDT prnewswire.com