Shares to be listed and commence trading today on the TSX under the symbol “NXJ”
Toronto, May 18, 2011 — NexJ Systems Inc. (TSX: NXJ), a leading enterprise private cloud software company, delivering customer relationship management (CRM) solutions for the financial services, insurance and healthcare industries, announced today that it has completed its previously announced initial public offering (the “Offering”) of 4,850,000 common shares priced at $9.00 per share for total gross proceeds of $43,650,000.
“NexJ’s Initial Public Offering is a sign of the positive momentum the company is experiencing in each of our target markets and an indication of our great potential going forward,” says William M. Tatham, Chief Executive Officer of NexJ. “By enabling organizations to tailor solutions to specific needs, seamlessly integrate with existing systems and ensure security of customer information, NexJ’s enterprise private cloud software provides benefits beyond the traditional ease of adoption and simplified infrastructure management offered by other cloud providers.”
The Offering was made through a syndicate of underwriters co-led by GMP Securities L.P. and Canaccord Genuity Corp., and including Raymond James Ltd., RBC Dominion Securities Inc., Scotia Capital Inc., TD Securities Inc., and NCP Northland Capital Partners Inc.
NexJ has granted the Underwriters an over-allotment option (the “Over-Allotment Option”), exercisable for a period of 30 days after the closing date of the Offering, to purchase up to a total of 727,500 additional common shares at the offering price to cover over-allotments, if any, made by the Underwriters in connection with the Offering and for market stabilization purposes. If the Over-Allotment Option is exercised in full, the total gross proceeds of the Offering will be $50,197,500.
It is expected that the common shares will be listed and commence trading today on the Toronto Stock Exchange under the symbol “NXJ”.
No securities regulatory authority has either approved or disapproved of the contents of this news release. The securities being offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States unless pursuant to an exemption therefrom. This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of NexJ Systems Inc. in any jurisdiction.
About NexJ Systems Inc.
NexJ is a leading enterprise private cloud software company, delivering customer relationship management (CRM) solutions for financial services, insurance, and healthcare industries. Enterprise private cloud is an evolution of cloud computing that leverages the ease of adoption and simplified infrastructure management benefits of cloud deployment while delivering further value through the ability to tailor the solution to specific lines of business, seamlessly integrate with existing systems and ensure security of customer information. NexJ was founded by an executive management team with extensive experience in the successful design and delivery of large-scale, integrated, enterprise software solutions. For more information about NexJ Systems call 416-222-5611, e-mail email@example.com, or visit www.nexj.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements. These forward-looking statements include, but are not limited to our plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts as well as statements identified by words such as expects, anticipates, intends, plans, believes, seeks, estimates, or words of similar meaning. These statements are based on a number of factors, estimates and assumptions that, while considered reasonable by us, are inherently subject to significant uncertainties and changes in circumstances, many of which are beyond our control. These risks and uncertainties could cause our actual plans, objectives, expectations and intentions to differ materially from our plans, objectives, expectations and intentions expressed or implied by the forward-looking statements. Except as required by law, we undertake no obligation to update or revise publically any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.