Environmental Solutions Worldwide Commences Rights Offering Mailing
15 3월 2014 - 3:10AM
Marketwired
Environmental Solutions Worldwide Commences Rights Offering Mailing
MONTGOMERYVILLE, PA--(Marketwired - Mar 14, 2014) - Earlier this
week, Environmental Solutions Worldwide, Inc. ("ESW") (OTCQB: ESWW)
commenced the mailing of the final prospectus relating to its
previously announced rights offering to its existing
stockholders.
Under the terms of the rights offering described in the
prospectus, the form of which was contained in a registration
statement on Form S-1 declared effective by the Securities and
Exchange Commission (the "SEC"), ESW will distribute at no charge
non-transferable subscription rights to purchase up to an aggregate
principal amount of $4,596,929 10% Senior Secured Convertible
Promissory Notes due 2018 issued by ESW to stockholders who owned
shares of ESW common stock as of the close of business on February
13, 2014, which is the record date for the rights offering. Each
holder of record as of the close of business on the record date
will receive one subscription right for each share of ESW common
stock owned at the close of business on the record date. Each
subscription right entitles the holder to purchase $80.53 principal
amount of notes. The subscription rights will expire if they are
not exercised by 5:00 p.m., Eastern Time, on March 28, 2014, unless
ESW extends the subscription period in its sole discretion.
ESW has commenced mailing the final prospectus and other items
necessary for exercising the rights to stockholders as of the close
of business on the record date, other than those stockholders whose
address is outside the United States or an Army Post Office or a
Fleet Post Office address. ESW will not mail the final prospectus
and other items necessary to exercise the rights to stockholders
whose address is outside the United States or is an Army Post
Office or a Fleet Post Office address. To exercise their
subscription rights, such stockholders must contact the
subscription agent prior to 11:00 a.m., New York City time, at
least three business days prior to the expiration date, and
establish to the satisfaction of the subscription agent that such
stockholder is permitted to exercise the rights under applicable
law. The rights and the underlying notes and shares of common stock
have not been registered or qualified for offer or sale to
stockholders of record in any jurisdiction outside the United
States.
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 the
notes, in any state in which such offer, solicitation or sale would
be unlawful prior to their registration or qualification under the
securities laws of any such state. The notes may only be
offered by means of a prospectus, copies of which may be obtained
free of charge at the website maintained by the SEC at www.sec.gov
or by contacting ESW at (215) 699-0730. The prospectus
contains important information about the rights offering, and ESW's
stockholders are urged to read the prospectus carefully.
About Environmental Solutions Worldwide Inc. Headquartered in
Montgomeryville, PA, Environmental Solutions Worldwide, Inc. is a
publicly traded company engaged through its wholly owned
subsidiaries ESW America, Inc., Technology Fabricators Inc., ESW
Technologies Inc., ESW CleanTech, Inc., and ESW Canada, Inc.
(together, "ESW Group®" ) in the design, development,
manufacturing, testing and sales of technologies for both the
environmental control, military and OEM sectors. ESW Group®
currently manufactures and markets catalytic emission control
products and support technologies for diesel, gasoline and
alternative fueled engines. The ESW Group® of Companies also
operates a comprehensive emissions testing laboratory that is
capable of certification / verification testing for EPA / CARB
& Mine Safety and Health Administration ("MSHA").
For updated information, please visit ESW's website at:
www.eswgroup.com
Forward-Looking Statements This press release and any related
calls or discussions may contain forward-looking statements.
Investors are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date hereof.
We undertake no obligation to publicly release any modifications or
revisions to these forward-looking statements to reflect events or
circumstances occurring after the date hereof or to reflect the
occurrence of unanticipated events. In connection with the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995, we caution investors that actual financial and operating
results may differ materially from those projected in
forward-looking statements made by, or on behalf of, us. Such
forward-looking statements involve known and unknown risks,
uncertainties, and other factors that may cause our actual results,
performance, or achievements to be materially different from any
future results, performance, or achievements expressed or implied
by such forward-looking statements, as described in more detail in
the Company's SEC reports and filings.
The words "anticipate," "believe," "estimate," "expect,"
"intend," "will," "should," "may," "plan," and similar expressions,
as they relate to us or our management, are intended to identify
forward-looking statements. Such statements reflect our current
views with respect to future events and are subject to certain
risks, uncertainties, and assumptions. Should one or more of these
risks or uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may vary materially
from those described herein as anticipated, believed, estimated,
expected, intended, or planned. We assume no obligation to and do
not intend to update these forward-looking statements.
FOR MORE INFORMATION CONTACT: Environmental Solutions Worldwide,
Inc. Email: Email Contact www.eswgroup.com
Environmental Solutions ... (CE) (USOTC:ESWW)
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Environmental Solutions ... (CE) (USOTC:ESWW)
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