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To: KevRupert who wrote (65)10/19/2000 7:25:21 PM
From: KevRupert  Respond to of 252
 
OTG Software Announces Plan to File Public Offering:

BETHESDA, Md., Oct 19, 2000 /PRNewswire via COMTEX/ -- OTG Software, Inc. (Nasdaq: OTGS chart, msgs) today announced that it intends to file a registration statement on Form S-1 with the Securities and Exchange Commission relating to an underwritten public offering of its shares of common stock. The common stock to be offered is expected to 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. The timing of the filing of the registration statement and the commencement of the offering is dependent on market conditions and other factors and is subject to change.

OTG has not yet filed a registration statement with the Securities and Exchange Commission for the proposed offering. The securities proposed to be sold may not be sold nor may any offers to buy be accepted before a registration statement is filed and becomes effective. This press release is not an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of OTG's common stock in any state in which such an offer, solicitation or sale would be unlawful before the 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.