LOUISVILLE, Colo., May 19 /PRNewswire/ -- Sound Surgical Technologies Inc. announced today that it has elected to postpone the previously announced initial public offering of its common stock due to current market conditions. The Company believes that in the interest of long-term shareholder value there are presently more attractive capital raising alternatives than through an initial public offering.
Sound Surgical believes it is in a very good position to continue its solid business expansion with other capital alternatives at this time. The Company will continue to evaluate market conditions and may proceed with a public offering at a later date.
A registration statement related to the offering was filed with the Securities and Exchange Commission, but has not yet become effective. The 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 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.
Sound Surgical Technologies Inc. specializes in the design, development, manufacturing and distribution of the VASER(R) System, a patented surgical platform that utilizes ultrasound energy to the break up and remove fat deposits from the human body in a procedure known as LipoSelection(SM), an attractive alternative to traditional techniques for fat removal.
CONTACTS: Sound Surgical Technologies Inc. Douglas Foote Chief Financial Officer 303-926-8608 Investor Relations John Mills Integrated Corporate Relations, Inc. 310-395-2215 jmills@icrinc.com
Sound Surgical Technologies Inc.
CONTACT: Douglas Foote, Chief Financial Officer of Sound SurgicalTechnologies Inc., +1-303-926-8608; or Investors, John Mills of IntegratedCorporate Relations, Inc., +1-310-395-2215, jmills@icrinc.com, for SoundSurgical Technologies Inc.