Opinion Research Corporation Announces Delay of Common Stock Offering
03 February 2005 - 9:01AM
PR Newswire (US)
Opinion Research Corporation Announces Delay of Common Stock
Offering PRINCETON, N.J., Feb. 2 /PRNewswire-FirstCall/ -- Opinion
Research Corporation (NASDAQ:ORCI) today announced that its
proposed $50 million common stock offering will be delayed until
after the company's audited financial statements for 2004 are
available for inclusion in the Registration Statement filed with
the Securities and Exchange Commission ("SEC") in connection with
the offering. In addition, the offering may be affected by whether
or not there is an extension of the company's agreement with LLR
Equity Partners and one of its affiliates, which expired on January
31, 2005, regarding the repurchase of certain of the company's
securities and rights. The repurchase is an intended use of the
proceeds of the offering. A registration statement relating to
these securities has been filed with the SEC 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 any offer to buy nor shall there be any sale
of these securities in any state in which such an offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of any such state. About
Opinion Research Corporation Founded in 1938, Opinion Research
Corporation provides commercial market research, health and
demographic research for government agencies, information services,
teleservices and consulting. The company is a pioneering leader in
the science of market and social research, and has built a
worldwide data-collection network. Further information is available
at http://www.opinionresearch.com/. Safe Harbor Statement This
press release contains, within the meaning of the safe harbor
provision of the Private Securities Litigation Reform Act of 1995,
forward-looking statements that are based on management's beliefs
and assumptions, current expectations, estimates and projections.
These statements are subject to risks and uncertainties, including
the occurrence of the offering and an extension of the company's
agreement with LLR Equity Partners and its affiliate; therefore,
actual results may materially differ. The company disclaims any
obligation to update any forward-looking statements whether as a
result of new information, future events, or otherwise. Important
factors and risks that may affect future results are described in
the company's filings with the Securities and Exchange Commission,
copies of which are available upon request from the company.
DATASOURCE: Opinion Research Corporation CONTACT: Douglas L. Cox,
EVP & Chief Financial Officer of Opinion Research Corporation,
+1-609-452-5274 Web site: http://www.opinionresearch.com/
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