American Quantum Cycles Closes Secondary Offering for $8 Million
30 September 1999
American Quantum Cycles Closes Secondary Offering for $8 Million
MELBOURNE, Fla.--Sept. 30, 1999--American Quantum Cycles Inc., today announced that it has closed on its secondary offering selling 2,430,000 shares of its Common Stock at $3.50 per share raising a gross of approximately $8.5 million.Barron Chase Securities Inc is the managing underwriter for the public offering. American Quantum's Common Stock trades on the American Stock Exchange under the symbol "AFV ".
About American Quantum Cycles
American Quantum Cycles manufactures American-made, high performance, custom-made, cruisers and touring style motorcycles with state-of-the-art engines utilizing a patented four-valve head for greater power and lower pollutant emissions. Using a PC-based kiosk Intranet/Extranet system installed in dealer showrooms, customers can select a precise motorcycle design with options tailored to their requirements. For more information visit the Company's Web site at www.quantumcycles.com.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there by 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.
This release contains forward-looking statements that are subject to risks and uncertainties. Although American Quantum Cycles believes that the expectations reflected in its forward looking statements are reasonable, actual results could differ materially from those expectations. Important cautionary statements and risk factors that would affect actual results are discussed in materials filed by American Quantum Cycles with the Securities and Exchange Commission.