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To: HandsOn who wrote (94572)9/9/1999 11:59:00 AM
From: U Up U Down  Read Replies (3) | Respond to of 119973
 
CBLT- DIRECT SALE TO GE FINANCIAL ASSURANCE HOLDINGS, INC.

Concurrently with the sale of the shares of common stock in this offering,GE Financial Assurance Holdings, Inc. has agreed to purchase directly from Cobalt 454,545 shares at the public offering price of $11.00 per share, for an aggregate purchase price of $5.0 million. These shares will be freely tradeable 180 days after this offering. See "Shares Eligible for Future Sale."