SAN DIEGO--(BUSINESS WIRE)--March 30, 1999--INTERVU Inc. (Nasdaq: ITVU) today announced that it filed a registration statement with the Securities and Exchange Commission for the sale of 2,500,000 shares of its Common Stock. All shares are to be issued and sold by the Company. Prudential Securities is the lead manager and ING Baring Furman Selz, SG Cowen Securities Corporation, Cruttenden Roth Incorporated and Ryan, Beck & Co. are the co-managers for the offering. The registration statement also covers an additional 375,000 shares. These additional shares will be subject to an option to be granted to the underwriters to enable them to cover over-allotments in the offering, if any.
INTERVU provides Web site owners and content publishers with services for the delivery or "streaming" of live and on-demand video and audio content over the Internet. INTERVU's services automate the publishing, distribution and programming of video and audio content. INTERVU's customers use its video and audio distribution services to transmit entertainment, sports, news, business to business, advertising and distance learning content.
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 release shall not constitute an offer to sell or the 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 such state. Copies of the prospectus related to the offering may be obtained, when available, from Prudential Securities, 111 8th Avenue, New York, New York 10011.
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