To: SteveJerseyShore who wrote (2545 ) 8/17/1999 4:02:00 PM From: Ben Wa Respond to of 10293
-- [B] FULL: Rattlesnake Hldg registers with SEC to sell 200 mln shrs -- By Bridge News New York--Aug 17--The Rattlesnake Holding Co. Inc. filed a Registration Statement on Form S-1 with the Securities and Exchange Commission for the sale of 200 million shares of common stock by selling security holders. This amount is expected to be modified by amendment to the Registration Statement. --Steve Adler, Bridge News * * * The following is the text of today's announcement with emphasis added by Bridge News. BridgeStation links to company data have been inserted at the end: Rattlesnake Files Registration Statement SOUTH NORWALK, CONN----AUG. 17, 1999--THE RATTLESNAKE HOLDING COMPANY, INC. (THE "COMPANY") (OTC:RTTL) ANNOUNCED THAT IT HAS FILED A REGISTRATION STATEMENT ON FORM S-1 WITH THE SECURITIES AND EXCHANGE COMMISSION FOR THE SALE OF APPROXIMATELY 200,000,000 SHARES OF COMMON STOCK BY SELLING SECURITY HOLDERS. THIS AMOUNT IS EXPECTED TO BE MODIFIED BY AMENDMENT TO THE REGISTRATION STATEMENT. Substantially all of the shares which may be sold by Selling Security Holders are issuable under options and warrants, and on conversion of Series B Convertible Preferred Stock recently sold by the Company. No shares are being sold by the Company. At the present time, there are approximately 30,000,000 shares of Common Stock outstanding, approximately 12,000,000 shares of which are freely tradeable. When the Registration Statement is declared effective, an additional approx imately 200,000,000 shares of Common Stock may be issued and sold by Selling Security Holders. It is expected that the Registration Statement will be declared effective by the Securities & Exchange Commission during the fourth quarter of calendar 1999, although there can be no assurance of the timing of the effective date.. The forward looking statements included in this news release are based on management's current expectations. In light of the assumptions and uncertainties inherent in forward looking information, the inclusion of such information should not be regarded as a representation by the Company or any other person that the plans of the Company will be realized or that positive trends in financial results will occur. --30--sla/kam/ny* CONTACT: Rattlesnake Holding Company Ken Berry-President 860/276-8660 or Steve Stein-Secretary 860/276-8660