Bonds.com Announces Effectiveness of S-1 Registration Statement for Resale of Shares by Selling Stockholders
BOCA RATON, Fla.--(Business Wire)--
Bonds.com Group, Inc. (the "Company") (OTC BB: BDCG) through its
subsidiary Bonds.com, Inc., provider of an innovative comprehensive
online trading platform providing execution, liquidity and competitive
pricing to the fragmented fixed income marketplace, announced today
that on July 3, 2008, the Securities and Exchange Commission declared
effective the Company's registration statement on Form S-1 relating to
resale of up to 16,969,550 shares (including up to 4,942,264 shares
issuable upon exercise of common stock purchase warrants; exercise
price of $0.66 per share) of the Company's common stock, par value
$0.0001 per share, by certain selling stockholders. The Company was
required to register these shares due to commitments it made in
connection with the issuance of $4.35 million in equity financing to
certain institutional investors and other high net worth individuals.
Bonds.com has approximately 60,932,551 shares of common stock
outstanding and approximately 67,767,627 shares outstanding on a fully
diluted basis.
The resale registration statement, while effective, allows selling
stockholders to publicly resell their shares of Bonds.com Group, Inc.
common stock, subject to the satisfaction by selling stockholders of
the prospectus delivery requirements of the Securities Act of 1933, as
amended, in connection with any such resale. The Company's founders
and principal stockholders' shares are not included in the resale
registration statement.
The Company will not receive any proceeds from any sales by
selling stockholders, but will receive the proceeds from the exercise
of warrants held by selling stockholders, if exercised.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any of the Company's securities, nor
shall there be any sale of these securities in any state in which
offer, solicitation, or sale would be unlawful prior to registration
of qualification under the securities laws of any such state.
Additional information with regard to this transaction and related
transactions can be found in the Company's final prospectus, dated
July 3, 2008, and Amendment No. 3 to the Company's Registration
Statement on Form S-1 filed with the Securities and Exchange
Commission on June 17, 2008. The final prospectus and Amendment No. 3
can be viewed without charge at www.sec.gov.
About Bonds.com Group, Inc.
Bonds.com Group, Inc. (OTC BB: BDCG), through its subsidiary
Bonds.com, Inc., serves institutional and self-directed individual
fixed income investors by providing a comprehensive zero subscription
fee online trading platform. The company designed the BondStation
platform to provide liquidity and competitive pricing to the
fragmented Over-The-Counter (OTC) fixed income marketplace.
The company differentiates itself by offering through its broker
dealer Bonds.com, Inc., an inventory of over 25,000 fixed income
products from a multitude of competing sources, as well as market
research, investor tools, bond education and an interactive website
experience. Asset classes currently offered on the BondStation fixed
income trading platform include municipal bonds, corporate bonds,
agency bonds, certificates of deposit (CDs) and U.S. Treasuries. With
unmatched marketability of the domain name www.bonds.com commitment to
key advertising initiatives, experienced management team and seasoned
account managers, Bonds.com, Inc. is poised to redefine the $29
trillion fixed income marketplace.
FORWARD-LOOKING STATEMENTS
The information contained herein includes forward-looking
statements. These statements relate to future events or to our future
financial performance, and involve known and unknown risks,
uncertainties and other factors that may cause our actual results,
levels of activity, performance, or achievements to be materially
different from any future results, levels of activity, performance or
achievements expressed or implied by these forward-looking statements.
You should not place undue reliance on forward-looking statements
since they involve known and unknown risks, uncertainties and other
factors which are, in some cases, beyond our control and which could,
and likely will, materially affect actual results, levels of activity,
performance or achievements. Any forward-looking statement reflects
our current views with respect to future events and is subject to
these and other risks, uncertainties and assumptions relating to our
operations, results of operations, growth strategy and liquidity. We
assume no obligation to publicly update or revise these
forward-looking statements for any reason, or to update the reasons
actual results could differ materially from those anticipated in these
forward-looking statements, even if new information becomes available
in the future. The safe harbor for forward-looking statements
contained in the Securities Litigation Reform Act of 1995 protects
companies from liability for their forward looking statements if they
comply with the requirements of the Act.
Cirrus Financial Communications, LLC
Justin K. Davis, 877-880-BDCG (2324)
Justin.Davis@cirrusfc.com
Copyright Business Wire 2008
