Veri-Tek International, Corp. Announces Pricing of Initial Public Offering of Common Stock
15 Februar 2005 - 4:32PM
PR Newswire (US)
Veri-Tek International, Corp. Announces Pricing of Initial Public
Offering of Common Stock WIXOM, Mich., Feb. 15
/PRNewswire-FirstCall/ -- Veri-Tek International, Corp. (AMEX:VCC)
("Veri-Tek" or the "Company") announced today that is has priced
its initial public offering of 2,500,000 shares of common stock at
$6.00 per share. All shares in the offering are offered by Veri-Tek
International, Corp. The underwriter has an option to purchase an
additional 375,000 shares in order to cover over allotments.
Veri-Tek International, Corp. common stock is expected to begin
trading today at 10:30 a.m. on the American Stock Exchange under
the ticker symbol "VCC". Anderson & Strudwick is the sole
manager in this offering. The registration statement relating to
the initial public offering of shares of common stock has been
declared effective by the Securities and Exchange Commission. This
press release does not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of such
shares of common stock in any state in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state. The
offering of these securities will be made only by means of a
prospectus, copies of which may be obtained from Anderson &
Strudwick, 707 East Main Street, Richmond, VA 23219, (800)-767-2424
ABOUT VERI-TEK INTERNATIONAL Founded in 1993, Veri-Tek designs,
develops and builds specialty equipment for the automotive and
heavy equipment industries utilizing patented and patent pending
technology that identifies product defects and production problems
early in our customers' manufacturing process. The company also
provides testing services for automotive driveline products and can
manufacture certain products for the automotive industry via
proprietary manufacturing methods. SAFE HARBOR STATEMENT Certain
statements made by Veri-Tek International, Corp. in this
presentation and other periodic oral and written statements,
including filings with the Securities and Exchange Commission, are
"forward-looking" statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements, as well as statements which address operating
performance, events or developments that we believe or expect to
occur in the future, including those that discuss strategies,
goals, outlook or other non- historical matters, or which relate to
future sales or earnings expectations, cost savings, awarded sales,
volume growth, earnings or a general belief in our expectations of
future operating results, are forward- looking statements. The
forward-looking statements are made on the basis of management's
assumptions and estimations. As a result, there can be no guarantee
or assurance that these assumptions and expectations will in fact
occur. The forward-looking statements are subject to risks and
uncertainties that may cause actual results to materially differ
from those contained in the statements. Some, but not all of the
risks, include our ability to obtain future sales; our ability to
successfully integrate acquisitions; changes in worldwide economic
and political conditions, including adverse effects from terrorism
or related hostilities including increased costs, reduced
production or other factors; costs related to legal and
administrative matters; our ability to realize cost savings
expected to offset price concessions; inefficiencies related to
production and product launches that are greater than anticipated;
changes in technology and technological risks; increased fuel
costs; work stoppages and strikes at our facilities and that of our
customers; the presence of downturns in customer markets where the
Company's goods and services are sold; financial and business
downturns of our customers or vendors; and other factors,
uncertainties, challenges, and risks detailed in Veri-Tek's public
filings with the Securities and Exchange Commission. Veri-Tek does
not intend or undertake any obligation to update any forward-
looking statements. DATASOURCE: Veri-Tek International, Corp.
CONTACT: David V. Harper of Veri-Tek International, Corp.,
+1-248-560-1000
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