KING OF PRUSSIA, Pa., Feb. 7 /PRNewswire-FirstCall/ -- Neoware, Inc. , a provider of enterprise thin client solutions and related software and services, today announced that it has filed with the Securities and Exchange Commission a preliminary prospectus supplement for the sale of 2,500,000 shares of its common stock pursuant to an existing shelf registration statement. Neoware will grant the underwriters in the proposed offering an option to purchase up to an additional 375,000 shares to cover over-allotments.
The proposed offering is expected to be priced during the week of Feb. 13, 2006. The bookrunning manager for the offering is Lehman Brothers Inc. When available, a copy of the prospectus supplement and accompanying prospectus relating to the offering may be obtained from Lehman Brothers Inc., c/o ADP Financial Services, Prospectus Fulfillment, 1155 Long Island Avenue, Edgewood, NY 11717, e-mail:
The net proceeds from the offering are anticipated to be used for general corporate purposes and potential acquisitions. Pending these uses, it is anticipated that the net proceeds will be invested in interest-bearing, investment grade instruments.
The shelf registration statement relating to the offering has previously been filed with and declared effective by the Securities and Exchange Commission. These securities may not be sold nor any offers to buy be accepted, and any offers may be withdrawn or revoked, without obligation or commitment of any kind, prior to the time that the prospectus supplement and related prospectus are delivered in final form. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such states.
About Neoware
Neoware, Inc. is a provider of enterprise thin client solutions and related software and services. Neoware's software powers, secures and manages thin client devices and traditional personal computers, enabling these devices to run Windows(R) and web applications across a network, stream operating systems on demand, and connect to mainframes, mid-range, UNIX and Linux systems. Neoware can be reached via email at
NOTE: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the completion and timing of the offering and the use of the net proceeds therefrom. These forward-looking statements involve risks and uncertainties. Factors that could cause actual events to differ materially from those predicted in such forward-looking statements include market conditions, potential fluctuations in Neoware's stock price and management's broad discretion over the use of the net proceeds of the offering. Certain of these risks and others are detailed from time to time in Neoware's periodic reports filed with the Securities and Exchange Commission, including, but not limited to, its annual report on Form 10-K for the year ended June 30, 2005 and its quarterly reports on Forms 10-Q for the quarters ended September 30, 2005 and December 31, 2005.
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