Neoware, Inc. Announces Common Stock Offering
February 07 2006 - 5:04PM
PR Newswire (US)
KING OF PRUSSIA, Pa., Feb. 7 /PRNewswire-FirstCall/ -- Neoware,
Inc. (NASDAQ:NWRE), a provider of enterprise thin client solutions
and related software and services, today announced that it has
filed with the Securities and Exchange Commission a preliminary
prospectus supplement for the sale of 2,500,000 shares of its
common stock pursuant to an existing shelf registration statement.
Neoware will grant the underwriters in the proposed offering an
option to purchase up to an additional 375,000 shares to cover
over-allotments. The proposed offering is expected to be priced
during the week of Feb. 13, 2006. The bookrunning manager for the
offering is Lehman Brothers Inc. When available, a copy of the
prospectus supplement and accompanying prospectus relating to the
offering may be obtained from Lehman Brothers Inc., c/o ADP
Financial Services, Prospectus Fulfillment, 1155 Long Island
Avenue, Edgewood, NY 11717, e-mail: , fax: 631-254-7268. The net
proceeds from the offering are anticipated to be used for general
corporate purposes and potential acquisitions. Pending these uses,
it is anticipated that the net proceeds will be invested in
interest-bearing, investment grade instruments. The shelf
registration statement relating to the offering has previously been
filed with and declared effective by the Securities and Exchange
Commission. These securities may not be sold nor any offers to buy
be accepted, and any offers may be withdrawn or revoked, without
obligation or commitment of any kind, prior to the time that the
prospectus supplement and related prospectus are delivered in final
form. This press release shall not constitute an offer to sell or a
solicitation of an offer to buy nor shall there be any sale 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 any such states. About Neoware Neoware, Inc.
is a provider of enterprise thin client solutions and related
software and services. Neoware's software powers, secures and
manages thin client devices and traditional personal computers,
enabling these devices to run Windows(R) and web applications
across a network, stream operating systems on demand, and connect
to mainframes, mid-range, UNIX and Linux systems. Neoware can be
reached via email at . Neoware's global headquarters are in King of
Prussia, PA, USA. NOTE: This press release contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995, including statements regarding the completion
and timing of the offering and the use of the net proceeds
therefrom. These forward-looking statements involve risks and
uncertainties. Factors that could cause actual events to differ
materially from those predicted in such forward-looking statements
include market conditions, potential fluctuations in Neoware's
stock price and management's broad discretion over the use of the
net proceeds of the offering. Certain of these risks and others are
detailed from time to time in Neoware's periodic reports filed with
the Securities and Exchange Commission, including, but not limited
to, its annual report on Form 10-K for the year ended June 30, 2005
and its quarterly reports on Forms 10-Q for the quarters ended
September 30, 2005 and December 31, 2005. FCMN Contact:
awatters@arpartners.com DATASOURCE: Neoware, Inc. CONTACT: Keith
Schneck, CFO of Neoware, Inc., +1-610-277-8300, or
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