inTEST Files Shelf Registration Form With the SEC
May 04 2011 - 4:40PM
Marketwired
inTEST Corporation (NASDAQ: INTT), an independent designer,
manufacturer and marketer of semiconductor automatic test equipment
(ATE) interface solutions and temperature management products,
announced today that it has filed a shelf registration statement on
Form S-3 with the Securities and Exchange Commission ("SEC") for
the offering, from time to time, of securities to be issued by the
Company. The shelf registration statement is intended to provide
the Company with financial flexibility to raise capital from the
offering of up to $30 million of common stock, preferred stock,
warrants, debt securities and/or units, conducted in one or more
offerings while the shelf registration statement is effective. The
specific terms of any particular securities that the Company may
offer will be determined at the time of such offering and will be
described in a separately filed prospectus supplement at the time
of such offering. Any offering under the registration statement
will be subject to the requirement that the amount of securities
offered and sold during any period of twelve months immediately
prior to and including such sale may not exceed one-third of the
aggregate market value of the common equity held by non-affiliate
of the Company. inTEST Corporation does not have any immediate
plans to offer or sell its securities under the shelf registration
statement.
inTEST Corporation intends to use the proceeds from any sale of
securities under the registration statement for possible
acquisition of businesses, technologies or products that are
complementary to the Company's existing businesses or other general
corporate purposes, which may include working capital. At the
present time, the Company has no specific plans or agreements with
respect to any acquisition and is not engaged in any negotiations
regarding any acquisition.
The registration statement relating to these securities has been
filed with the SEC but has not yet become effective. The
information in the registration statement, and the prospectus
contained therein, is incomplete and may be changed. The securities
referred to in the registration statement may not be sold, nor may
offers to buy be accepted, prior to the time that the registration
statement becomes effective and a prospectus supplement is filed
relating to the particular offering of securities. This press
release does not constitute an offer of any securities for sale or
a solicitation of an offer to buy.
A copy of the registration statement may be obtained on the
SEC's website at www.sec.gov. In addition, when available, copies
of the prospectus and any prospectus supplement relating to a
particular offering, may be obtained by contacting inTEST
Corporation, Inc., attention: Hugh Regan, Jr., 804 East Gate Drive
Suite 200, Mount Laurel, NJ 08054, h.regan.jr@intest.com.
About inTEST Corporation inTEST
Corporation is an independent designer, manufacturer and marketer
of ATE interface solutions and temperature management products,
which are used by semiconductor manufacturers to perform final
testing of integrated circuits (ICs) and wafers. The Company's
high-performance products are designed to enable semiconductor
manufacturers to improve the speed, reliability, efficiency and
profitability of IC test processes. Specific products include
positioner and docking hardware products, temperature management
systems and customized interface solutions. The Company has
established strong relationships with semiconductor manufacturers
globally, which it supports through a network of local offices. For
more information visit www.intest.com.
Forward-Looking Statements: This press
release includes forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. These
statements do not convey historical information, but relate to
predicted or potential future events that are based upon
management's current expectations. These statements are subject to
risks and uncertainties that could cause actual results to differ
materially from those expressed or implied by such statements. In
addition to the factors mentioned in this press release, such risks
and uncertainties include, but are not limited to, changes in
business conditions and the economy, generally; changes in the
demand for semiconductors, generally; changes in the rates of, and
timing of, capital expenditures by semiconductor manufacturers;
progress of product development programs; increases in raw material
and fabrication costs associated with our products; implementation
of additional restructuring initiatives and other risk factors set
forth from time to time in our SEC filings, including, but not
limited to, our periodic reports on Form 10-K and Form 10-Q. The
Company undertakes no obligation to update the information in this
press release to reflect events or circumstances after the date
hereof or to reflect the occurrence of anticipated or unanticipated
events.
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Contacts: inTEST Corporation Hugh T. Regan, Jr. Treasurer
and Chief Financial Officer Tel: 856-505-8999 Investors:
Laura Guerrant-Oiye, Principal Guerrant Associates Email Contact
Tel: (808) 882-1467
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