Citi Trends, Inc. Announces Filing of Registration Statement
06 January 2006 - 12:23AM
PR Newswire (US)
SAVANNAH, Ga., Jan. 5 /PRNewswire-FirstCall/ -- Citi Trends, Inc.
(NASDAQ:CTRN) today announced it has filed a registration statement
on Form S-1 with the Securities and Exchange Commission. The
registration statement covers a public offering of up to 1,500,000
shares of the Company's common stock by certain selling
stockholders who are identified in the registration statement. The
Company will not receive any proceeds from the offering. The
selling stockholders have granted the underwriters a 30-day option
to purchase up to an additional 225,000 shares to cover
over-allotments, if any. CIBC World Markets will serve as sole
book-running manager and Piper Jaffray, SG Cowen & Co. and
Wachovia Securities will serve as co-managers. Copies of the
prospectus relating to this offering, when available, may be
obtained from CIBC World Markets Corp., 300 Madison Avenue, New
York, New York 10017, by fax at (212) 667-6303 or by e-mail at . A
registration statement relating to these securities has been filed
with the Securities and Exchange Commission, but 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 any shares of the Company's
common stock. There shall not 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 such jurisdiction. Citi Trends, Inc. is a
value-priced retailer of urban fashion apparel and accessories for
the entire family. The Company currently operates 236 stores
(including the two stores currently closed due to the hurricanes)
located in 14 states in the South, Southeast, Midwest and
Mid-Atlantic regions. CTRN-E DATASOURCE: Citi Trends, Inc. CONTACT:
Tom Stoltz, Chief Financial Officer, +1-912-443-2075, or Ed
Anderson, Chief Executive Officer, +1-912-443-3705, both of Citi
Trends, Inc.
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