Services Acquisition Corp. International Completes Initial Public
Offering
NEW YORK, July 8 /PRNewswire-FirstCall/ -- Services Acquisition Corp. International (AMEX:SVI.U) (the "Company") announced today that its initial
public offering of 15,000,000 units was consummated. Each unit consists of one
share of common stock and one warrant. The units were sold at an offering
price of $8.00 per unit, generating gross proceeds to the Company of
$120,000,000. Broadband Capital Management LLC acted as managing underwriter
for the initial public offering. A copy of the prospectus may be obtained from
Broadband Capital Management LLC, 805 Third Avenue, 15th Floor, New York, New
York 10022.
Audited financial statements as of July 6, 2005 reflecting receipt of the
proceeds upon consummation of the initial public offering have been issued by
the Company and are included as Exhibit 99.1 to a Current Report on Form 8-K
filed by the Company with the Securities and Exchange Commission.
A registration statement relating to these securities was filed and declared
effective by the Securities and Exchange Commission. This press release shall
not constitute an offer to sell or the solicitation of an offer to buy the
securities of Services Acquisition Corp. International, 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. This public
offering will be made only by means of a prospectus, copies of which may be
obtained from Broadband Capital Management LLC.
Contact:
Thomas E. Aucamp
Vice President
Services Acquisition Corp. International
(954) 713-1165
DATASOURCE: Services Acquisition Corp. International CONTACT: Thomas E. Aucamp, Vice President, Services Acquisition Corp.
International, +1-954-713-1165
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