Flow International Announces Intent for Common Stock Offering
01 Septembre 2009 - 10:13PM
PR Newswire (US)
KENT, Wash., Sept. 1 /PRNewswire-FirstCall/ -- Flow International
Corporation (NASDAQ:FLOW), the world's leading developer and
manufacturer of industrial waterjet machines for cutting and
cleaning applications, today announced its intention to offer,
subject to market and other customary conditions, up to 9 million
shares of common stock through Roth Capital Partners, LLC. The
shares described above are being offered by Flow pursuant to a
registration statement previously filed and declared effective by
the Securities and Exchange Commission on July 16, 2009. Flow
intends to use the net proceeds from this offering for the
repayment of debt under its credit facility and for general
corporate purposes. This press release shall not constitute an
offer to sell or the solicitation of an offer to buy any of the
securities described herein, nor shall there be any sale of these
securities in any jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under
the securities laws of any such state or jurisdiction. Copies of
the base prospectus relating to this offering may be obtained at
the SEC's website at http://www.sec.gov/. About Flow International
Flow International Corporation is the world's leading developer and
manufacturer of ultrahigh-pressure waterjet cutting technology to
industries including automotive, aerospace, job shop, surface
preparation, and more. For more information, visit
http://www.flowcorp.com/. This press release contains
forward-looking statements relating to future events or future
financial performance that involve risks and uncertainties. The
words "believe," "expect," "intend," "anticipate," variations of
such words, and similar expressions identify forward-looking
statements but their absence does not mean that the statement is
not forward-looking. These statements are only predictions and
actual results could differ materially from those anticipated in
these statements based on a number of risk factors, including those
set forth in the April 30, 2009 Flow International Corporation Form
10-K Report, filed with the Securities and Exchange Commission.
Forward- looking statements in this press release include, without
limitation, statements regarding the offering of common stock.
Readers are cautioned not to place undue reliance on these
forward-looking statements that speak only as of the date of this
announcement. Contact: Flow Investor Relations Geoffrey Buscher
253-813-3286 DATASOURCE: Flow International Corp. CONTACT: Geoffrey
Buscher of Flow Investor Relations, +1-253-813-3286, Web Site:
http://www.flowcorp.com/
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