CHICAGO, June 10 /PRNewswire/ -- PCQuote.com, Inc., a subsidiary of PC
Quote, Inc. (Amex: PQT), announced today that it has filed a registration
statement with the Securities and Exchange Commission relating to a proposed
initial public offering of 7,750,000 shares of its common stock. The common
stock offered will consist of 5,800,000 shares to be issued by PCQuote.com,
Inc. and 1,950,000 shares to be sold by PC Quote, Inc. which intends to change
its name to HyperFeed Technologies, Inc., subject to shareholder approval. It
is anticipated that the public offering price for the common stock will be
between $12.00 and $14.00 per share. Prudential Securities is acting as
lead-manager and U.S. Bancorp Piper Jaffray, FAC/Equities and E*OFFERING Corp.
are acting as co-managers.
PCQuote.com, Inc. is an Internet-based provider of high performance,
real-time financial data, timely business news and comprehensive research and
analytical tools. The company's services provide access to sophisticated and
dynamic financial information that allows users to make informed investment
decisions.
A registration statement relating to these securities has been filed with
the Securities and Exchange Commission but has not yet become effective.
These securities may not be sold nor may offers to buy be accepted prior to
the time the registration statement becomes effective. This press release
shall not constitute an offer to sell or the 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 state. An offering of
common stock, if made, will only be made by means of a prospectus.
Copies of the preliminary prospectus may be obtained when it becomes
available from Prudential Securities, 111 8th Avenue, New York, NY 10011, U.S.
Bancorp Piper Jaffray, 222 South Ninth Street, Minneapolis, MN 55402,
FAC/Equities, 30 South Pearl Street, Albany, NY 12207 or E*OFFERING Corp., 120
Montgomery Street, Suite 1850, San Francisco, CA 94104.
SOURCE PCQuote.com, Inc.
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Related links:
http://www.frbinc.com
CONTACT:
Jim R. Porter, Chairman and CEO,
312-913-2800, or Lorelei M. Lenzen, Manager, Marketing
Communications, 312-913-3517, both of PCQuote.Com, Inc.; or
General Inquiries, William Murphy, 312-266-6764, or John Kroen,
312-640-6763, both of The Financial Relations Board
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