( Investor Home ) ( About Globix ) ( Stock Quote )
( Press Releases ) ( SEC Filings ) ( Analyst Coverage )
( Directors ) ( Management ) ( Investor Calendar )
( Conference Calls ) ( More Information )

BELL TECHNOLOGY GROUP LTD.

ANNOUNCES PROPPOSED PRIVATE PLACEMENT OF SENIOR NOTES AND WARRANTS NEW YORK, N.Y.,

March 27, 1998 Bell Technology Group Ltd. (Nasdaq SmallCap: BELT, BELTW) announced today that it intends, subject to market and other conditions, to raise up to $140 million in a private placement pursuant to Rule 144A of high yield securities.

The securities to be offered will not be registered under the Securities Act of 1933 or applicable state securities laws and will not be offered or sold absent registration under the Securities Act of 1933 and applicable state securities laws or available exemptions from registration requirements.

Bell Technology Group Ltd. is an Internet service provider engaged in the design, construction and provision of sophisticated Internet-based solutions to large and medium size business enterprises. The Companyís services include: (i) high bandwidth dedicated Internet access, web hosting and co-location facilities, (ii) value-added systems and network integration, (iii) interactive development — digital web design, web implementation and 3-dimensional computer animation and (iv) instructor-led corporate training. The Company currently provides Internet services to over 450 clients in New York City.

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.

Back to Top