The offering, which is expected to close on May 16, 2005, is being made under the Company's existing shelf registration statement. The Company has also granted the underwriters a 30-day option to purchase a maximum of 510,000 additional shares of common stock from the Company to cover over-allotments.
Bear, Stearns & Co. Inc. is the sole book-running managing underwriter, and Johnson Rice & Company L.L.C. and Simmons & Company International are co-managing underwriters for the offering. Copies of the final prospectus supplement and accompanying base prospectus may be obtained from the Equity Syndicate Department of Bear, Stearns & Co. Inc. by faxing a written request to (631) 254-7129.
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 state.
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