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.

Technology Stocks : OTG Software, Inc. (OTGS) -- Ignore unavailable to you. Want to Upgrade?

To: Bald Man from Mars who wrote (29)	10/28/2000 9:48:06 AM
From: Glenn Petersen	Read Replies (1) \| Respond to of 33

OTGS files registration statement: OTG Software Announces Public Offering BETHESDA, Md., Oct. 24 /PRNewswire/ -- OTG Software, Inc. (Nasdaq: OTGS) today announced that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission relating to a public offering of its shares of Common Stock. The Common Stock to be offered will consist of 1,650,000 shares to be issued by OTG and 1,650,000 shares to be sold by certain stockholders of OTG. OTG will not receive any proceeds from the sale of shares by the selling stockholders. Certain stockholders of OTG will also grant the underwriters an over- allotment option to purchase up to 495,000 shares of Common Stock. The offering will be managed by Credit Suisse First Boston, Deutsche Banc Alex. Brown and Friedman Billings Ramsey. A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. An offering of Common Stock, if made, will only be made by means of a prospectus. A copy of the preliminary prospectus may be obtained when it becomes available from the office of Credit Suisse First Boston Corporation, 11 Madison Avenue, Prospectus Department, New York, NY 10010-3629, 212-325-2580. About OTG Software Headquartered in Bethesda, Maryland, OTG Software is a provider of online storage management and access solutions, including a dynamic email management solution. OTG's software enables enterprises to store, track and retrieve data over a variety of network architectures, including the Web and storage area networks. Through its application-centric product suite, OTG offers a Web and e-commerce solution that provides robust functionality across many industries. OTG empowers storage by combining storage with access and email management. OTG's products support over 600 storage devices, are easy to install and use, and can manage storage systems ranging in size from a single storage device to an enterprise-wide network storage system. OTG Software's products are used by over 7,600 organizations worldwide and are available through a network of over 300 VARs, distributors, and OEMs. SOURCE OTG Software, Inc. CO: OTG Software, Inc. ST: Maryland, New York IN: CPR MLM FIN SU: OFR 10/24/2000 17:06 EDT prnewswire.com