Access Integrated Technologies Announces Exercise of Over-Allotment Option
23 März 2006 - 5:48PM
PR Newswire (US)
MORRISTOWN, N.J., March 23 /PRNewswire-FirstCall/ -- Access
Integrated Technologies, Inc. ("AccessIT") (AMEX:AIX) today
announced that the underwriters of its previously announced
offering of 5,126,086 shares of Class A Common Stock priced at $10
per share, have exercised their option to purchase an additional
768,913 shares of Class A Common Stock. Net proceeds to AccessIT
from the exercise of the over-allotment option will be
approximately $7,227,782. Roth Capital Partners, LLC and
Craig-Hallum Capital Group LLC acted as the underwriters on the
underwritten offering. A shelf registration statement relating to
these securities was declared effective by the Securities and
Exchange Commission on January 13, 2006. This press release shall
not constitute an offer to sell or the solicitation of an offer to
buy these securities, 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. Copies of the final prospectus supplement and the
accompanying prospectus relating to the offering may be obtained
from Suzanne Moore, (973) 290-0080, Access Integrated Technologies,
Inc. 55 Madison Avenue, Suite 300, Morristown, NJ 07960. Safe
Harbor Statement Investors and readers are cautioned that certain
statements contained in this document, as well as some statements
in periodic press releases and some oral statements of AccessIT
officials during presentations about AccessIT, are
"forward-looking' statements within the meaning of the Private
Securities Litigation Reform Act of 1995 (the "Act").
Forward-looking statements include statements that are predictive
in nature, which depend upon or refer to future events or
conditions, which include words such as "expects", "anticipates",
"intends", "plans", "could", "might", "believes", "seeks",
"estimates" or similar expressions. In addition, any statements
concerning future financial performance (including future revenues,
earnings or growth rates), ongoing business strategies or
prospects, and possible future actions, which may be provided by
AccessIT's management, are also forward-looking statements as
defined by the Act. Forward-looking statements are based on current
expectations and projections about future events and are subject to
various risks, uncertainties and assumptions about AccessIT, its
technology, economic and market factors and the industries in which
AccessIT does business, among other things. These statements are
not guarantees of future performance and AccessIT has no specific
intention to update these statements. Contact: Suzanne Tregenza
Moore Michael Glickman AccessIT The Dilenschneider Group 55 Madison
Avenue 212.922.0900 Suite 300 Morristown, NJ 07960 973.290.0080
http://www.accessitx.com/ DATASOURCE: Access Integrated
Technologies, Inc. CONTACT: Suzanne Tregenza Moore of AccessIT,
+1-973-290-0080; Michael Glickman of The Dilenschneider Group,
+1-212-922-0900 Web site: http://www.accessitx.com/
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