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webistics™
Solutions for the New Economy
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Investor Relations » Press Release Archive
WEBISTICS CORPORATION ANNOUNCES INITIAL PUBLIC OFFERING
FOR IMMEDIATE RELEASE — 11/15/1999 Webistics Corporation ("Webistics" or "the Company"), a diversified Internet solutions provider, today announced the completion of its initial public offering of 3,000,000 shares of common stock. The shares trade under the symbol WBST. The offering was placed primarily with retail investors. The Company thanks its retail brokerage partners for their efforts on behalf of the offering. Net proceeds will be used for general corporate purposes, including working capital, the expansion of the Company's World Wide Web presence, and the development of the Company's first product, which is expected in 2000. "The New Economy rewards companies positioned at the forefront of the Internet paradigm," said the Company's Chief Executive Officer. "Webistics is such a company. We welcome our new shareholders and look forward to reporting our progress." Webistics remains committed to shareholder value. About Webistics Corporation
Webistics Corporation is a diversified Internet solutions provider. Founded in 1999, the Company delivers next-generation solutions for the New Economy across B2B, B2C, and B2B2C. Webistics is headquartered in New Jersey. Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to risks and uncertainties that could cause actual results to differ materially. The Company undertakes no obligation to update any forward-looking statement. Contact
Investor Relations, Webistics Corporation ### |
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