Air Methods Announces Private Equity Financing
December 01 2003 - 10:57AM
PR Newswire (US)
Air Methods Announces Private Equity Financing DENVER, Dec. 1
/PRNewswire-FirstCall/ -- Air Methods Corporation announced today
that it has entered into an agreement to sell shares of its common
stock to institutional investors. The transaction is subject to
customary closing conditions, and is expected to close later today,
December 1, 2003. The agreement reflects a private placement
transaction for 1.2 million shares at a per share price of $8.00.
C.E. Unterberg, Towbin acted as placement agent for the offering.
The Company expects to use the net proceeds of the financing for
general corporate purposes. The securities being offered and sold
by Air Methods in the private placement have not been registered
under the Securities Act of 1933, as amended, and may not be
reoffered or resold absent registration, unless an exemption from
applicable registration requirements is available. However, Air
Methods has agreed to file a registration statement with the
Securities and Exchange Commission to permit resales of the shares
of common stock sold in the private placement. This press release
does not constitute an offer to sell or the solicitation of an
offer to buy any securities. Air Methods Corporation (
http://www.airmethods.com/ ) is a leader in emergency aeromedical
transportation, medical services and technology. The Air Medical
Services Division is the largest provider of air medical transport
services for hospitals in the world. The LifeNet division is the
largest community- based provider of air medical services. The
Products Division specializes in the design and manufacture of
aeromedical and aerospace technology. The Company's fleet of owned,
leased or maintained aircraft features over 170 helicopters and
fixed wing aircraft. Forward Looking Statements: This news release
includes certain forward- looking statements, which are subject to
various risks and uncertainties. Actual results could differ
materially from those currently anticipated due to a number of
factors, including but not limited to the size, structure and
growth of the Company's air medical services and products markets;
the continuation and/or renewal of air medical service contracts;
the acquisition of profitable Products Division contracts and other
flight service operations; the successful expansion of the
community-based operations; successful integration of Rocky
Mountain Holdings, LLC operations and other matters set forth in
the Company's public filings. DATASOURCE: Air Methods Corporation
CONTACT: Aaron D. Todd, Chief Executive Officer of Air Methods
Corporation, +1-303-792-7413; or RCG Capital Markets Group, Inc.,
+1-480-675-0400, for Air Methods Corporation Web site:
http://www.airmethods.com/
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