Server: Netscape-Enterprise/3.0 Date: Thu, 20 Nov 1997 18:42:57 GMT Content-type: text/html Last-modified: Fri, 15 Aug 1997 11:58:09 GMT Content-length: 5357 Connection: close
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Hambrecht & Quist, LLC is the lead manager of the underwriting group; Alex. Brown & Sons, Inc. and Cowen & Co. are serving as co-managers. The selling stockholders also have granted to the underwriters an option to purchase up to 354,750 shares of common stock solely to cover over-allotments, if any.
DAOU Systems plans to use the proceeds that it receives from the offering principally for working capital and general corporate purposes. The Company also anticipates using a portion of the proceeds to fund acquisitions of complementary businesses, although there are no current arrangements or understandings with respect to any specific acquisitions.
These securities are offered only by means of a prospectus, a copy of which may be obtained by contacting Hambrecht & Quist LLC, One Bush Street, San Francisco, CA 94104, 415/576-3300; Alex. Brown & Sons Incorporated, One South St., Baltimore, MD 21202, 410/727-1700; or Cowen & Company, One Financial Square, New York, NY 10005, 800/221-5616.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or 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.
DAOU Systems designs, implements, supports and manages advanced computer network systems for hospitals, integrated healthcare delivery networks and other healthcare provider organizations. The Company combines its knowledge of the specialized information needs of the healthcare industry, including voice, video and data requirements, with its technological expertise in computer network systems to provide advanced, reliable and cost-effective computer network systems. Since 1987, DAOU Systems has provided computer network services to more than 500 customers ranging in size from single-site hospitals to multi-state enterprises with more than 80 sites.
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements that involve numerous risks and uncertainties. The Company's actual results could differ materially from those projected in the forward-looking statements and will depend upon numerous factors, including those discussed in the "Risk Factors" section of the prospectus related to the offering and in prior SEC filings, press releases and other public filings of the Company.
Contact: Craig K. Collins DAOU Systems, Inc. 619.646.2857 info@daou.com
File last updated on August 15, 1997.