To: Michael L. who wrote (16091 ) 5/4/1998 11:50:00 AM From: Doug R Read Replies (1) | Respond to of 79383
Michael, Just got this on IFCI. You might get something from this. International Fibercom Inc. Extends Warrants PHOENIX--(BUSINESS WIRE)--May 4, 1998--International FiberCom Inc. (NASDAQ: IFCI; Boston Stock Exchange: IFC) Monday announced that its board of directors has voted to extend the term of the company's common stock purchase warrants which trade publicly under the NASDAQ ticker symbol: IFCIW. The 1,302,480 common stock purchase warrants, which were issued in conjunction with the company's secondary public offering in August, 1994, will now expire on Sept. 15, 1998. The warrants were exercisable for a period of three years after issuance, and were previously extended by the company until June 5, 1998, and have an exercise price of $5.50 per share and are redeemable at $.10 per warrant if the stock price has averaged $8.10 per share for 20 consecutive days. The common stock issuable upon exercise of the warrants has been registered pursuant to a registration statement effective Feb. 12, 1998. Therefore, any warrantholder who exercises his warrants will receive freely transferable common stock. International FiberCom specializes in the design, installation and maintenance of fiber-optic and other cable services for the telecommunications and cable industries. Its wholly-owned subsidiary, Concepts In Communications, provides systems integration services including design, engineering, installation and maintenance of structured cable systems, network hardware and software, workstation peripherals and intercommunications systems. Concepts maintains value added reseller and/or partner agreements with Lucent Technologies, 3Com, Bay Networks, Novell, WIN Communications, BellSouth, Compaq, Dell Computers and Hewlett Packard. Its telecommunications engineering subsidiary, Compass Communications, specializes in designing broadband video, voice and data networks systems. Southern Communications Products is a leader in a fast growing niche business within the telecommunications equipment sector. CONTACT: International FiberCom Inc. Joseph P. Kealy, 602/941-1900 or Liviakis Financial Communications Inc. International Fibercom Inc. Extends Warrants Doug R