Communication Intelligence Corp. Files Registration Statement for Secondary Offering of Common Stock
REDWOOD SHORES, CALIF. — December 24, 1991 — Communication Intelligence Corp. (VSE:CUA., NASDAQ:CICI) announced that it has filed with the Securities and Exchange Commission a registration statement for a proposed resale into the public market of up to 2,015,000 shares of common stock currently held by five existing shareholders.
The company expects to amend the registration statement prior to effectiveness to reduce the number of registered shares to 1,005,000 shares in order to remove from the registration statement shares owned by the company's president.
All of the shares to be registered are currently outstanding, and the company will not receive proceeds from any sales which may occur under the registration statement.
The registration statement relating to these securities has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.
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 in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
Founded in 1981, CIC is headquartered in Redwood Shores, and has a subsidiary in Tokyo. CIC is a leading supplier of multi-language (English, European and Japanese) handwriting recognition software. CIC's products include Handwriter(R) Recognition Systems, PenDOS(TM), and MacHandwriter(TM) Operating Environments, and Handwriter(R) On- Line Dynamic Signature Verification(TM) System.
These products allow users to interact with their computers by writing with a pen rather than using a keyboard or a mouse. The Japanese version of MacHandwriter is being distributed in Japan by Apple Computer, Japan, Inc.
Copies of the preliminary prospectus relating to the offering may be obtained from CIC, 275 Shoreline Drive, Redwood Shores, Calif. 94065.
Approved By: Francis V. Dane, Chief Financial Officer
EDITOR'S NOTE: Company and product names used herein are trademarks of respective companies.
This release was prepared by Communication Intelligence Corp. The Vancouver Stock Exchange neither approves nor disapproves of its contents.
CONTACT:
Communication Intelligence Corp.
Maurice Boucher, 604/683-3827