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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: beio who wrote (7804)	11/13/1997 10:12:00 PM
From: Risky Business	Read Replies (1) \| Respond to of 13949

I smell BACON! SEEC, Inc. Announces Proposed Public Offering PITTSBURGH, Nov. 13 /PRNewswire/ -- SEEC, Inc. (Nasdaq: SEEC - news) today announced that it has filed a registration statement with the Securities and Exchange Commission for a proposed underwritten public offering of 1,310,000 shares of the Company's common stock. Of the l,310,000 shares, 1,030,000 shares will be newly issued shares sold by the Company and the remaining 280,000 shares will be sold by selling shareholders. The Company plans to use the proceeds of the offering to develop its international sales and marketing efforts, expand its domestic sales and marketing efforts, establish additional facilities, hire additional personnel, increase research and development for its enterprise solutions, increase capital expenditures and for working capital and other general corporate purposes. In addition, the Company may use a portion of the proceeds of the offering to develop or acquire businesses, products or technologies complementary to its current business. SEEC develops, markets and provides integrated and comprehensive enterprise solutions that enable large organizations and third party service providers to efficiently and effectively maintain and redevelop legacy system applications and databases. This communication shall not constitute an offer to sell or solicitation of an offer to buy, nor shall there be any sales 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. PE of 725! Id have an offering too! PIG STOCK!