Opinion Research Corporation Files Registration Statement For Common Stock Offering
21 Octobre 2004 - 11:28PM
PR Newswire (US)
Opinion Research Corporation Files Registration Statement For
Common Stock Offering PRINCETON, N.J., Oct. 21
/PRNewswire-FirstCall/ -- Opinion Research Corporation
(NASDAQ:ORCI) today announced that it has filed a Registration
Statement on Form S-1 with the Securities and Exchange Commission
("SEC") for a proposed follow-on public offering of shares of its
common stock with a value at the offering price of up to $50
Million. In addition, the company has granted to the underwriters
an option to purchase additional shares of its common stock to
cover over-allotments, if any, with a value at the offering price
of up to $7.5 Million. Friedman Billings Ramsey & Co., Inc. is
acting as underwriter. The offering of the securities is made only
by means of a prospectus, copies of which may be obtained, when
available, from Friedman Billings Ramsey & Co., Inc., 1001 19th
Street North, Arlington, VA 22209, Attn: Prospectus Department,
(703) 312-9500. A registration statement relating to these
securities has been filed with the SEC but has not yet become
effective. These securities may not be sold, nor may offers to buy
be accepted, prior to the time the registration statement becomes
effective. This press release shall not constitute an offer to sell
or the solicitation of any offer to buy nor shall there be any sale
of these securities in any state in which such an offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of any such state. The
company intends to use the proceeds of the proposed public offering
to pay off its subordinated loans from Allied Capital in an
aggregate principal amount of $21 million, to repurchase certain of
the company's securities and rights held by LLR Equity Partners and
an affiliate for $18 million, and to repay a portion of its senior
bank debt. About Opinion Research Corporation Founded in 1938,
Opinion Research Corporation provides research services to
governments and commercial clients in North America, Europe and
Asia. The company is a pioneering leader in the science of social
and market research and has built a worldwide data-collection
network. Safe Harbor Statement This press release contains, within
the meaning of the safe harbor provision of the Private Securities
Litigation Reform Act of 1995, forward- looking statements that are
based on management's beliefs and assumptions, current
expectations, estimates and projections. These statements are
subject to risks and uncertainties and therefore actual results may
materially differ. The company disclaims any obligation to update
any forward-looking statements whether as a result of new
information, future events, or otherwise. Important factors and
risks that may affect future results are described in the company's
filings with the Securities and Exchange Commission, copies of
which are available upon request from the company. DATASOURCE:
Opinion Research Corporation CONTACT: Douglas L. Cox, EVP &
Chief Financial Officer of Opinion Research Corporation,
+1-609-452-5274 Web site: http://www.opinionresearch.com/
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