KING OF PRUSSIA, Pa., Sept. 29, 2003 (PRIMEZONE) -- Neoware Systems, Inc. (Nasdaq:NWRE) the leading supplier of software, services and thin client appliances, today announced that its Form S-3 Shelf Registration Statement (File No. 333-107858), which was originally filed on August 11, 2003, has been declared effective by the Securities and Exchange Commission (the "SEC").
The shelf registration statement allows Neoware to issue common stock, preferred stock, debt securities, and warrants, from time to time, up to an aggregate of $100 million, subject to market conditions and Neoware's capital needs. The shelf registration statement also covers the registration for resale by selling stockholders of 1,500,000 shares that were recently sold in a private placement.
A copy of the registration statement may be obtained at the SEC's website at www.sec.gov. In addition, in the event of any offering under the shelf registration statement, Neoware will file a prospectus supplement with the SEC in connection with such offering.
This news release does not constitute an offer to sell or the solicitation of an offer to buy the securities, nor shall there be any sale of the securities in any state in which such offer, solicitation or sale prior to registration or qualification under laws of any such state.
About Neoware
Neoware provides software, services, and solutions to enable Appliance Computing, a proven Internet-based computing architecture targeted at business customers that is designed to be simpler and easier than traditional PC-based computing. Neoware's software and management tools power and manage a new generation of smart computing appliances that utilize the benefits of open, industry-standard technologies to create new alternatives to personal computers used in business and a wide variety of proprietary business devices.
Neoware's products are designed to run local applications for specific vertical markets, plus allow access across a network to multi-user Windows servers, Linux servers, mainframes, minicomputers, and the Internet. Computing appliances that run and are managed by Neoware's software offer the cost benefits of industry-standard hardware and software, easier installation, and have lower up-front, maintenance, and administrative costs than proprietary or PC-based alternatives.
More information about Neoware can be found on the Web at http://www.neoware.com or via email at invest@neoware.com. Neoware is based in King of Prussia, PA.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the potential offering of our securities. These forward-looking statements involve risks and uncertainties. Factors that could cause actual results to differ materially from those predicted in such forward-looking statements include, our ability to successfully sell our securities, timing and receipt of future orders, our timely development and customers' acceptance of our products, pricing pressures, rapid technological changes in the industry, growth of the Appliance Computing market, increased competition, our ability to attract and retain qualified personnel, adverse changes in customer order patterns, our ability to identify and successfully consummate and integrate future acquisitions, adverse changes in general economic conditions in the U. S. and internationally, risks associated with foreign operations and political and economic uncertainties associated with current world events. These and other risks are detailed from time to time in Neoware's periodic reports filed with the Securities and Exchange Commission, including, but not limited to, its reports on Form 10-K for the year ended June 30, 2003.