Toronto, May 12, 2011 — NexJ Systems Inc., a leading provider of cloud-based software, delivering enterprise customer relationship management (CRM) solutions for the financial services, insurance and healthcare industries, announced today it has filed a final long form prospectus dated May 11, 2011 (the “Prospectus”) with the securities regulatory authorities in each of the provinces and territories of Canada in connection with its previously announced initial public offering of common shares of NexJ, and has entered in to an underwriting agreement with 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., for the initial public offering of 4,850,000 common shares at a price of $9.00 per share for a total gross proceeds of $43,650,000 million (the “Offering”).
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.
The Toronto Stock Exchange (TSX) has conditionally approved the listing of the shares, subject to NexJ fulfilling all of the customary TSX requirements. Trading of the shares is expected to commence under the symbol “NXJ” on the closing date of the Offering, on or about May 18, 2011. The closing is subject to customary closing conditions. A copy of the Prospectus is available on SEDAR (www.sedar.com).
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 provider of cloud-based software, delivering enterprise customer relationship management (CRM) solutions for financial services, insurance, and healthcare. Our next-generation, people-centered software combines industry-specific functionality with information from multiple applications and data stores to provide comprehensive knowledge of the individual.
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 firstname.lastname@example.org, 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.