To: H James Morris who wrote (36341 ) 1/24/1999 5:43:00 PM From: Glenn D. Rudolph Read Replies (1) | Respond to of 164684
Value America, Inc. Files Registration Statement for Initial Public Offering CHARLOTTESVILLE, Va.--(BUSINESS WIRE)--Jan. 21, 1999--Value America, Inc. (the "Company"; proposed Nasdaq NMS: VUSA) announced today that it filed a registration statement with the Securities Exchange Commission for an initial public offering of 5,000,000 shares of Common Stock. The offering price is expected to be between $15.00 and $17.00 per share. All 5,000,000 shares being offered are being sold by the Company. The offering will be managed by BancBoston Robertson Stephens Inc., Volpe Brown Whelan & Company, LLC and The Robinson-Humphrey Company, LLC. Value America is an Internet retailer offering a wide selection of technology, office and consumer products through its online store at www.valueamerica.com or www.va.com. Customers can take advantage of the Company's online store format by shopping at their convenience and purchasing brand name products at value prices. The Value America online store features information-rich, multi-media product presentations that help customers make informed purchasing decisions. Value America promotes its online store in newspapers, magazines, direct mailings, web portals and television and radio commercials. 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 a solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. When available, copies of the preliminary prospectus relating to the offering may be obtained from BancBoston Robertson Stephens Inc., 555 California Street, Suite 2600, San Francisco, CA 94104, (415) 781-9700; Volpe Brown Whelan & Company, LLC, One Maritime Plaza, 11th Floor, San Francisco, CA 94111, (415) 956-8120; or The Robinson-Humphrey Company, LLC. Atlanta Financial Center, 3333 Peachtree Road, N.E., Atlanta, GA 30326, (404) 266-6000. --30--eb/sf* as/sf CONTACT: Value America, Inc. Dean M. Johnson, 804/817-7650