Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : London Pacific Group - LPGL doubles... -- Ignore unavailable to you. Want to Upgrade?

To: xcr600 who wrote (716)	7/30/1999 8:58:00 AM
From: Glenn Petersen	Read Replies (1) \| Respond to of 737

Continuus Software goes public today. Do we know if anything else is in the pipeline? biz.yahoo.com Friday July 30, 7:14 am Eastern Time Company Press Release SOURCE: London Pacific Group Limited London Pacific Group Limited Investment Holding Announces Initial Public Offering LONDON, July 30 /PRNewswire/ -- London Pacific Group Limited (Nasdaq: LPGL - news) is pleased to announce the following concerning Continuus Software Corp. (''Continuus'' or the ''Company'') an investment held by its subsidiary, London Pacific Life & Annuity Company (''LPLA''): Continuus Software Corp. (Nasdaq: CNSW - news) announced yesterday (29th July 1999) its initial public offering (''IPO'') of 2,523,642 shares of Common Stock. The initial public offering is being managed by an underwriting group consisting of U.S. Bancorp Piper Jaffray Inc. and CIBC World Markets. The underwriters have an option to purchase up to 465,000 additional shares from Continuus to cover over-allotments, if any. Copies of the prospectus relating to the offering can be obtained by contacting one of the underwriters. Continuus is a leading provider of products and services that enable enterprises to manage their Internet and software assets (e-asset management). E-asset management products and services, an emerging market segment, enable organisations to more effectively develop, enhance, deploy and manage their Internet and software systems, and provides an alternative to using a collection of discrete products to automate various aspects of the software development process by providing an integrated and comprehensive platform for managing software-related assets, processes, projects and people. Continuus' integrated product line, consisting of the Continuus Websynergy Suite and the Continuus Change Management Suite, is specifically designed to support the collaborative development, management, approval and deployment of all types of software, Internet applications and web content. Continuus are conducting the offering primarily to increase their working capital, increase their visability in the market place, create a public market for their common stock and facilitate future access by the Company to public equity markets. Although Continuus believe that working capital generated by their operations will be sufficient to fund their planned activities, from time to time, they may use a portion of the net proceeds to facilitate execution of their business play, including sales and marketing activities, product development and support and capital expenditures. Continuus may also use a portion of the net proceeds to acquire or invest in complementary businesses, products or technologies or to obtain the right to use complementary technologies. Continuus have no agreements or commitments with respect to any acquisition or investment, and are not involved in any negotiations with respect to any transaction. LPLA owns a debenture, convertible at its option into Common Stock of Continuus Software Corp. equivalent to 11.1% of the Company post IPO. Details of the above offering may also be found on the SEC website for EDGAR filings www.sec.gov . R. W. Green Company Secretary SOURCE: London Pacific Group Limited