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INTASYS - Wann ist IPO von mamma.com ???
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Intasys Investment Affiliate Commences IPO
Intasys Investment Affiliate Commences IPO
MONTREAL--(BUSINESS WIRE)--Jan. 31, 2000--Intasys Corporation
(NASDAQ: INTA) announces that on Friday, January 28, 2000, interWAVE
Communications International, Ltd., (Nasdaq: IWAV), an Intasys
Investment Affiliate, commenced an initial public offering of 8.5
million shares of its common stock at an offering price of $13.00 per
share. All shares are being sold by interWAVE. The shares are being
offered through underwriters led by Salomon Smith Barney Inc., Banc of
America Securities LLC and SG Cowen Securities Corporation. The
underwriters will have the option to purchase up to 1.275 million
additional shares to cover any over-allotments.
Intasys currently holds 1.43 million shares of the common stock
of InterWAVE at an aggregate cost of $5.765 million. The Company
purchased 715,000 shares for $5.05 million on August 30, 1999; and, as
part of a strategic partnership agreement entered into with interWAVE,
received a further 715,000 share purchase warrants, which Intasys
exercised immediately prior to the IPO at an exercise price of $1.00
per share. At the close of trading on January 28, 2000, interWAVE
shares were quoted at $36.875.
Steve Saviuk, chairman and chief executive officer of Intasys,
commented: "we believe that the commercial strategic relationship
between Intasys and interWAVE will prove to be even more important to
Intasys than the substantial return we expect on our interWAVE
investment. InterWAVE's wireless infrastructure equipment is
compatible with a number of products and solutions offered or planned
by other Intasys Investment Affiliates and projects under incubation.
We look forward to our Affiliates bringing to market new systems
integrating interWAVE's digital wireless network solutions.
Other recently announced Intasys investments include a 69.1%
stake in the top-rated and rapidly growing meta search engine,
Mamma.com ( as well as a 35% interest in TEC TechnologyEvaluation.com
Corporation ( a sophisticated web-based provider of objective, user
driven research, market analysis and decision making tools to IT
professionals.
About InterWAVE
InterWAVE has pioneered what it believes to be the only
commercially available system that provides all of the infrastructure
equipment and software necessary to support an entire wireless network
within a single compact enclosure. The company markets and sells its
products globally through strategic relationships with Alcatel and
Nortel Networks, as well as other communications equipment providers
and systems integrators, and through a direct sales force. InterWAVE
holds 14 patents, with 15 more pending. InterWAVE's systems utilize
GSM (Global System for Mobile communications), an international
standard for mobile voice and data communications. Since 1997,
InterWAVE has shipped more than 1,000 units, which are now installed
in GSM networks in 17 countries. As of September 30, 1999, the company
had 166 employees worldwide, with development and manufacturing
located in Silicon Valley, California, and sales and service offices
in Hong Kong and Paris.
About Intasys
Intasys Corporation, through an investment program operated by
its recently inaugurated "Incubator" division, provides investment
capital and management counsel to embryonic as well as more
established cutting-edge Internet, e-commerce and wireless
telecommunications ventures. The company is also a global provider of
wireless, Internet-compatible billing and customer information
systems. Recently announced investments include acquisitions of
significant interests in Mamma.com Inc., a top-rated meta-search
engine; interWave Communications Inc., a leading manufacturer of
micro-cellular switches; and TEC TechnologyEvaluation.com Corporation,
a highly sophisticated web-based technology evaluation firm. Intasys
has corporate offices in Montreal and Toronto, Canada. Further
information is available at this address: Intasys Corporation, 5 Place
Ville-Marie, Suite 1234, Montreal, Quebec H3B.
Statements contained in this press release which are not
historical facts are forward-looking statements as that term is
defined in the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements are subject to risks and uncertainties that
can cause actual results to differ materially from estimated results.
Such risks and uncertainties are detailed in the Company's filings
with the Securities and Exchange Commission. Any and all statements
made regarding Year 2000 and hereby designated by Intasys as "Year
2000 Readiness Disclosure" pursuant to the Year 2000 Information and
Readiness Disclosure Act.
--30--ajg/in*
CONTACT: Intasys Corporation
Ron Perry, Toll Free: (877) 289-4682
TodINDUSTRY KEYWORD: E-COMMERCE INTERNET BANKING IPO
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: www.businesswire.com
(c) 1998 Business Wire
Return to Headlines
Intasys Investment Affiliate Commences IPO
MONTREAL--(BUSINESS WIRE)--Jan. 31, 2000--Intasys Corporation
(NASDAQ: INTA) announces that on Friday, January 28, 2000, interWAVE
Communications International, Ltd., (Nasdaq: IWAV), an Intasys
Investment Affiliate, commenced an initial public offering of 8.5
million shares of its common stock at an offering price of $13.00 per
share. All shares are being sold by interWAVE. The shares are being
offered through underwriters led by Salomon Smith Barney Inc., Banc of
America Securities LLC and SG Cowen Securities Corporation. The
underwriters will have the option to purchase up to 1.275 million
additional shares to cover any over-allotments.
Intasys currently holds 1.43 million shares of the common stock
of InterWAVE at an aggregate cost of $5.765 million. The Company
purchased 715,000 shares for $5.05 million on August 30, 1999; and, as
part of a strategic partnership agreement entered into with interWAVE,
received a further 715,000 share purchase warrants, which Intasys
exercised immediately prior to the IPO at an exercise price of $1.00
per share. At the close of trading on January 28, 2000, interWAVE
shares were quoted at $36.875.
Steve Saviuk, chairman and chief executive officer of Intasys,
commented: "we believe that the commercial strategic relationship
between Intasys and interWAVE will prove to be even more important to
Intasys than the substantial return we expect on our interWAVE
investment. InterWAVE's wireless infrastructure equipment is
compatible with a number of products and solutions offered or planned
by other Intasys Investment Affiliates and projects under incubation.
We look forward to our Affiliates bringing to market new systems
integrating interWAVE's digital wireless network solutions.
Other recently announced Intasys investments include a 69.1%
stake in the top-rated and rapidly growing meta search engine,
Mamma.com ( as well as a 35% interest in TEC TechnologyEvaluation.com
Corporation ( a sophisticated web-based provider of objective, user
driven research, market analysis and decision making tools to IT
professionals.
About InterWAVE
InterWAVE has pioneered what it believes to be the only
commercially available system that provides all of the infrastructure
equipment and software necessary to support an entire wireless network
within a single compact enclosure. The company markets and sells its
products globally through strategic relationships with Alcatel and
Nortel Networks, as well as other communications equipment providers
and systems integrators, and through a direct sales force. InterWAVE
holds 14 patents, with 15 more pending. InterWAVE's systems utilize
GSM (Global System for Mobile communications), an international
standard for mobile voice and data communications. Since 1997,
InterWAVE has shipped more than 1,000 units, which are now installed
in GSM networks in 17 countries. As of September 30, 1999, the company
had 166 employees worldwide, with development and manufacturing
located in Silicon Valley, California, and sales and service offices
in Hong Kong and Paris.
About Intasys
Intasys Corporation, through an investment program operated by
its recently inaugurated "Incubator" division, provides investment
capital and management counsel to embryonic as well as more
established cutting-edge Internet, e-commerce and wireless
telecommunications ventures. The company is also a global provider of
wireless, Internet-compatible billing and customer information
systems. Recently announced investments include acquisitions of
significant interests in Mamma.com Inc., a top-rated meta-search
engine; interWave Communications Inc., a leading manufacturer of
micro-cellular switches; and TEC TechnologyEvaluation.com Corporation,
a highly sophisticated web-based technology evaluation firm. Intasys
has corporate offices in Montreal and Toronto, Canada. Further
information is available at this address: Intasys Corporation, 5 Place
Ville-Marie, Suite 1234, Montreal, Quebec H3B.
Statements contained in this press release which are not
historical facts are forward-looking statements as that term is
defined in the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements are subject to risks and uncertainties that
can cause actual results to differ materially from estimated results.
Such risks and uncertainties are detailed in the Company's filings
with the Securities and Exchange Commission. Any and all statements
made regarding Year 2000 and hereby designated by Intasys as "Year
2000 Readiness Disclosure" pursuant to the Year 2000 Information and
Readiness Disclosure Act.
--30--ajg/in*
CONTACT: Intasys Corporation
Ron Perry, Toll Free: (877) 289-4682
TodINDUSTRY KEYWORD: E-COMMERCE INTERNET BANKING IPO
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: www.businesswire.com
(c) 1998 Business Wire
Return to Headlines
Ja ja ja !!!
Intasys ist zwar etwas abgesackt, jedoch ist sie wieder am Weg der
Besserung ! Leider etwas hoch rein bei 11,20 Euro aber HALTEN!!! wird sicher über 14 gehn. Drin bleiben. Unbedingt !!!
Hang in there.
Best,
Bestbuyer
Intasys ist zwar etwas abgesackt, jedoch ist sie wieder am Weg der
Besserung ! Leider etwas hoch rein bei 11,20 Euro aber HALTEN!!! wird sicher über 14 gehn. Drin bleiben. Unbedingt !!!
Hang in there.
Best,
Bestbuyer
