Formula Systems --1985-- Ltd. Submits RegistrationStatement on Confidential Basis for a Proposed...
HERZLIA, Israel--(BUSINESS WIRE)--May 27, 1998--Formula Systems (1985) Ltd., (Nasdaq:FORTY), today announced that it has submitted with the Securities and Exchange Commission a registration statement relating to a proposed offering of up to 2,000,000 Ordinary Shares. All of the Ordinary Shares
A registration statement relating to these securities has been submitted to the United States Securities and Exchange Commission on a confidential basis but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time that the intended 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 jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any jurisdiction. These securities will be offered only by means of a prospectus.
CONTACT: Formula Systems Ltd.
Gad Goldstein, 011-972-9959-8800
or
For Formula Systems Ltd.
Dennis S. Dobson, 203/255-7902
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