Server: Netscape-Enterprise/3.0 Date: Thu, 20 Nov 1997 18:42:47 GMT Content-type: text/html Last-modified: Fri, 08 Aug 1997 09:01:05 GMT Content-length: 5592 Connection: close
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Hambrecht & Quist LLC will lead manage the underwriting group; Alex.Brown & Sons, Inc., and Cowen & Co. will serve as co-managers. The company and the selling stockholders also will grant to the underwriters an option to purchase up to 300,000 shares of common stock solely to cover over-allotments, if any.
DAOU Systems plans to use the proceeds of the offering principally for working capital and general corporate purposes. The compay 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 St., San Francisco, Calif. 94104, 415-576-3300; Alex.Brown & Sons, Inc., One South St., Baltimore, Md. 21202, 410-727-1700; or Cowen & Co., One Financial Square, New York, N.Y. 10005, 800-221-5616.
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 that the registration statement becomes effective. This press release shall not constitute an offer to sell nor the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an 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 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 08, 1997.