Veri-Tek announces full exercise of underwriters' over-allotment option.

Veri-Tek International Corp. announced that the underwriter of its initial public offering has exercised its over-allotment option to purchase 375,000 shares of Veri-Tek's common stock at the initial public offering price of $6.00 per share and that the over-allotment purchase was closed today.

After giving effect to the sale of the over-allotment option shares, total proceeds from the initial public offering (net of underwriting discount and estimated offering expenses) are estimated to be approximately $15.4 million. Veri-Tek intends to use the net proceeds to repay approximately $7.0 million of senior debt and for general corporate purposes, including working capital, capital expenditures primarily to expand the company's manufacturing and testing capacity and sales and marketing.