BancTec updates on IPO

Source: BancTec

BancTec, a global provider of advanced, high volume document and payment processing solutions and services, today announced that it plans to file the next amendment to its registration statement with the U.S. Securities and Exchange Commission for the previously announced proposed initial public offering of up to $50 million of its common stock in March, 2010, subject to market conditions.

The filing will include its audited year-end financial results.

A registration statement relating to BancTec's common stock has been filed with the Securities and Exchange Commission but has not yet become effective. BancTec's common stock may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective absent registration or an applicable exemption from registration requirements. This release does not constitute an offer to sell or the solicitation of an offer to buy any shares of common stock, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.


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