To: Stock Watcher who wrote (3862 ) 3/8/1999 7:35:00 PM From: Francois Goelo Read Replies (1) | Respond to of 52051
Stock Watcher, WACP announces 4th IPO in the making...After IPO's filings for Worldgate, Mpath and Rowe.com, WCAP now announces this new baby: Juno Online Services. HITE PLAINS, N.Y.--(BUSINESS WIRE)--March 8, 1999--Winfield Capital Corp. (WCAP-Nasdaq) announced today that one of its portfolio companies, Juno Online Services, Inc. of New York, New York, ("Juno" or the "Company"), has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of its common stock. The terms of the public offering have not yet been disclosed and offers will only be made by prospectus. These securities may not be sold nor may any offers to buy be accepted prior to the time the registration statement becomes effective. This press release does not constitute an offer to sell or the solicitation of an offer to buy the common stock of Juno, nor shall there be any sale of the common stock of Juno in any state in which such an offer, solicitation or sale would be an unlawful prior to the registration or qualification of the common stock of Juno under the securities laws of any such state. Juno is a provider of Internet-related services to computer users throughout the United States. The company offers several levels of service, ranging from basic dial-up Internet e-mail--which is provided to the end user for free--to full access to the World Wide Web. Juno's revenues are derived primarily from the subscription fees charged for certain billable services, from the sale of interactive advertising, and from the direct sale of products to Juno subscribers. Winfield Capital has purchased 1,178,304 shares of preferred stock of Juno which are convertible (currently on a one for one basis) into shares of common stock of Juno. The securities held by Winfield Capital will be subject to restrictions on transferability. Winfield Capital is a small business investment company which makes loans and equity investments pursuant to funding programs sponsored by the SBA and is a non-diversified, closed-end investment company that is a business development company under the Investment Company Act of 1940. Winfield Capital's common stock is traded on the Nasdaq SmallCap market and the Boston Stock Exchange under the symbols "WCAP" and "WNF," respectively. This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 (including the possibility that Juno's registration statement will be approved, thereby permitting Juno to sell shares of its common stock to the public pursuant to such registration), and is subject to the safe harbor created by those sections. Winfield Capital assumes no obligation to update the information contained in this release. --30--csm/ny CONTACT: Winfield Capital Corp., White Plains Paul A. Perlin, Chairman and CEO, 914/949-2600"