KENT, Wash., April 20 /PRNewswire-FirstCall/ -- Flow International
Corporation (Nasdaq: FLOW), the world's leading developer and manufacturer
of industrial waterjet machines used for cutting and cleaning applications
around the world, today announced that the post-effective amendment to its
Form S-1 registration statement has been declared effective by the
Securities and Exchange Commission. The amendment relates to the resale by
investors of shares of common stock issued in connection with Flow's 2005
Private Investment in Public Equity ("PIPE") financing. As a condition of
the PIPE, Flow was required to file a registration statement and have it
declared and kept continuously effective for the sale of stock by PIPE
shareholders.
The registration statement had been ineffective since November 2006,
and the Company would have been liable for a $600,000 penalty upon
expiration of a grace period on April 23, 2007. With the registration
statement effective, the Company is not liable for such penalty.
About Flow International
Flow International Corporation is the world's leading developer and
manufacturer of ultrahigh-pressure waterjet cutting technology to
industries including automotive, aerospace, job shop, surface preparation,
and more. For more information, visit http://www.flowcorp.com.
Contact: Flow Investor Relations
253-813-3286
SOURCE Flow International Corporation
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Related links:
http://www.flowcorp.com
CONTACT:
Flow Investor Relations, +1-253-813-3286
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