To: TokyoMex who wrote (69194 ) 4/15/1999 6:52:00 PM From: cool Read Replies (1) | Respond to of 119973
(PR NEWSWIRE) WorldGate Communications, Inc. Announces Initial Public Offe WorldGate Communications, Inc. Announces Initial Public Offering Of Common Shares BENSALEM, Pa., April 15 /PRNewswire/ -- WorldGate Communications, Inc. today announced an initial public offering of 5,000,000 common shares at a price of $21 per share through an underwriting syndicate managed by Gerard Klauer Mattison & Co., Inc., Jefferies & Company, Inc., and Janney Montgomery Scott Inc. The underwriters have been granted an option to purchase an additional 750,000 common shares to cover any over-allotments. The common shares have been approved for quotation on the Nasdaq National Market System under the symbol "WGAT." WorldGate Communications provides a new television-based Internet service, the WorldGate(SM) Service, that offers high-speed, easy-to-use Internet access to cable television subscribers without the need for a personal computer or any additional set-top appliance. The Service is designed to operate using standard advanced analog or digital cable set-top boxes. WorldGate Service subscribers enjoy access within seconds to full-featured Internet functionality and content on their television sets, as well as the ability to dynamically link from television programming and advertising to related Web sites. The Service is provided at low cost to subscribers and employs ultra thin-client network architecture (patents pending) that allows for easy deployment and setup, central system management, and centrally administered upgrades. The offering of WorldGate Communications' common shares is made only by means of a prospectus. Copies of the prospectus relating to the offering may be obtained from Gerard Klauer Mattison & Co., Inc., 529 Fifth Avenue, New York, NY 10017; Jefferies & Company, Inc., 580 California Street, Suite 2080, San Francisco, CA 94611; or Janney Montgomery Scott Inc., Three Rosemont Business Campus, Suite 310, 919 Conestoga Road, Rosemont, PA 19010. WorldGate's Web site is www.wgate.com. CONTACT: Randall Gort of WorldGate Communications, 215-633-5105. SOURCE WorldGate Communications, Inc. -0- 04/15/99 /CONTACT: Randall Gort of WorldGate Communications, 215-633-5105/ /Web site: wgate.com (WGAT) CO: WorldGate Communications, Inc. ST: Pennsylvania IN: CPR TLS SU: OFR *** end of story ***