Website Pros Announces Initial Public Offering of Common Stock
JACKSONVILLE, FL (BUSINESS WIRE) November 2 - Website Pros, Inc. (Nasdaq: WSPI) announced today the pricing on November 1, 2005 of its initial public offering of 6,800,000 shares of its common stock at a price to the public of $10 per share. Of the shares sold in the offering, 4,800,000 were offered by Website Pros and 2,000,000 were offered by selling stockholders. The underwriters have been granted a 30-day option to purchase up to an additional 720,000 shares of common stock by Website Pros and an additional 300,000 shares by selling stockholders at the initial public offering price to cover over-allotments, if any. The shares will be listed on the Nasdaq National Market under the symbol, "WSPI".
Friedman, Billings, Ramsey & Co., Inc. is acting as sole book-runner and lead manager for the offering. Piper Jaffray & Co. and RBC Capital Markets Corporation are acting as co-managers for the offering.
The offering of the securities is made only by means of a prospectus, copies of which, when available, may be obtained from Friedman, Billings, Ramsey & Co., Inc. at 1001 Nineteenth Street North, 18th Floor, Arlington, VA 22209.
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 an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Website Pros
Website Pros is a leading provider of Web services and products that enable small and medium-sized businesses to establish, maintain, promote, and optimize their Internet presence. The Company's primary service offering, eWorks! XL, is a comprehensive package that includes Website design and provisioning, Internet marketing and advertising, search engine optimization, search engine submission, and lead generation.
Chief Executive Officer and President
Chief Financial Officer