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Allot Communications Announces Offering of Ordinary Shares
BOSTON, August 1, 2011/PRNewswire-FirstCall/ --
Allot Communications Ltd. (NASDAQ: ALLT) today announced that the
Company and certain selling shareholders, including certain members of the
Company's senior management, are offering for sale 5,465,000 ordinary shares
of the Company, consisting of 4,500,000 ordinary shares to be issued and
sold by the Company and 965,000 ordinary shares to be sold by the selling
shareholders in an underwritten public offering. The Company and the selling
shareholders have also granted the underwriters a 30-day option to purchase
up to 819,750 additional ordinary shares to cover any over-allotments.
The Company intends to use the net proceeds from the offering for
general corporate purposes, including to acquire or invest in businesses or
products or to obtain the right to use technologies complementary to its
business. The Company does not currently have any such transactions planned.
The Company will not receive any proceeds from the sale of ordinary shares
by the selling shareholders.
BofA Merrill Lynch, Jefferies & Company, Inc. and RBC Capital Markets,
LLC will act as joint book-running managers, Oppenheimer & Co. Inc. will act
as lead manager and Wunderlich Securities, Inc. will act as co-manager.
A shelf registration statement (including a prospectus) relating to
these securities was filed by the Company and declared effective on January
7, 2011 by the Securities and Exchange Commission (the "SEC"). A copy of the
prospectus supplement and base prospectus relating to the offering may be
obtained by contacting: BofA Merrill Lynch, 4 World Financial Center, New
York, NY 10080, Attn: Prospectus Department or e-mail
dg.prospectus_requests@baml.com. Before you invest, you should read these
documents and other documents filed by the Company with the SEC for more
complete information. You may obtain these documents free of charge by
visiting the SEC's website at http://www.sec.gov.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of these
securities in any state or jurisdiction in which such offer, solicitation,
or sale would be unlawful under the securities laws of any such state or
jurisdiction.
About Allot Communications
Allot Communications Ltd. (NASDAQ: ALLT) is a leading provider of
intelligent IP service optimization and revenue generation solutions for
fixed and mobile service providers. Allot's scalable, carrier-grade
solutions provide the visibility, topology awareness, security, application
control and subscriber management that are vital to managing Internet
service delivery, enhancing user experience, containing operating costs, and
maximizing revenue in broadband networks. Allot's rich portfolio of
solutions leverages dynamic actionable recognition technology (DART) to
transform broadband pipes into smart networks that can rapidly and
efficiently deploy value added Internet services.
SafeHarbor Statement
Information provided in this press release may contain statements
relating to current expectations, estimates, forecasts and projections about
future events that are "forward-looking statements" as defined in the
Private Securities Litigation Reform Act of 1995. These forward-looking
statements generally relate to the Company's plans, objectives and
expectations for future operations. These forward-looking statements are
based upon management's current estimates and projections of future results
or trends. Actual results may differ materially from those projected as a
result of certain risks and uncertainties. These factors include, but are
not limited to: our ability to increase the breadth and functionality of the
Service Gateway platform through additional partnerships as well as through
M&A opportunities, changes in general economic and business conditions; the
Company's inability to develop and introduce new technologies, products and
applications; loss of market; and other factors discussed under the heading
"Risk Factors" in the Company's annual report on Form 20-F filed with the
Securities and Exchange Commission. These forward-looking statements are
made only as of the date hereof, and the Company undertakes no obligation to
update or revise the forward-looking statements, whether as a result of new
information, future events or otherwise.
INVESTOR RELATIONS CONTACT
Jay Kalish
Executive Director Investor Relations
International access code +972-54-221-1365
jkalish@allot.com
Source: Allot Communications Ltd.
.
Allot Communications Announces Offering of Ordinary Shares
BOSTON, August 1, 2011/PRNewswire-FirstCall/ --
Allot Communications Ltd. (NASDAQ: ALLT) today announced that the
Company and certain selling shareholders, including certain members of the
Company's senior management, are offering for sale 5,465,000 ordinary shares
of the Company, consisting of 4,500,000 ordinary shares to be issued and
sold by the Company and 965,000 ordinary shares to be sold by the selling
shareholders in an underwritten public offering. The Company and the selling
shareholders have also granted the underwriters a 30-day option to purchase
up to 819,750 additional ordinary shares to cover any over-allotments.
The Company intends to use the net proceeds from the offering for
general corporate purposes, including to acquire or invest in businesses or
products or to obtain the right to use technologies complementary to its
business. The Company does not currently have any such transactions planned.
The Company will not receive any proceeds from the sale of ordinary shares
by the selling shareholders.
BofA Merrill Lynch, Jefferies & Company, Inc. and RBC Capital Markets,
LLC will act as joint book-running managers, Oppenheimer & Co. Inc. will act
as lead manager and Wunderlich Securities, Inc. will act as co-manager.
A shelf registration statement (including a prospectus) relating to
these securities was filed by the Company and declared effective on January
7, 2011 by the Securities and Exchange Commission (the "SEC"). A copy of the
prospectus supplement and base prospectus relating to the offering may be
obtained by contacting: BofA Merrill Lynch, 4 World Financial Center, New
York, NY 10080, Attn: Prospectus Department or e-mail
dg.prospectus_requests@baml.com. Before you invest, you should read these
documents and other documents filed by the Company with the SEC for more
complete information. You may obtain these documents free of charge by
visiting the SEC's website at http://www.sec.gov.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of these
securities in any state or jurisdiction in which such offer, solicitation,
or sale would be unlawful under the securities laws of any such state or
jurisdiction.
About Allot Communications
Allot Communications Ltd. (NASDAQ: ALLT) is a leading provider of
intelligent IP service optimization and revenue generation solutions for
fixed and mobile service providers. Allot's scalable, carrier-grade
solutions provide the visibility, topology awareness, security, application
control and subscriber management that are vital to managing Internet
service delivery, enhancing user experience, containing operating costs, and
maximizing revenue in broadband networks. Allot's rich portfolio of
solutions leverages dynamic actionable recognition technology (DART) to
transform broadband pipes into smart networks that can rapidly and
efficiently deploy value added Internet services.
SafeHarbor Statement
Information provided in this press release may contain statements
relating to current expectations, estimates, forecasts and projections about
future events that are "forward-looking statements" as defined in the
Private Securities Litigation Reform Act of 1995. These forward-looking
statements generally relate to the Company's plans, objectives and
expectations for future operations. These forward-looking statements are
based upon management's current estimates and projections of future results
or trends. Actual results may differ materially from those projected as a
result of certain risks and uncertainties. These factors include, but are
not limited to: our ability to increase the breadth and functionality of the
Service Gateway platform through additional partnerships as well as through
M&A opportunities, changes in general economic and business conditions; the
Company's inability to develop and introduce new technologies, products and
applications; loss of market; and other factors discussed under the heading
"Risk Factors" in the Company's annual report on Form 20-F filed with the
Securities and Exchange Commission. These forward-looking statements are
made only as of the date hereof, and the Company undertakes no obligation to
update or revise the forward-looking statements, whether as a result of new
information, future events or otherwise.
INVESTOR RELATIONS CONTACT
Jay Kalish
Executive Director Investor Relations
International access code +972-54-221-1365
jkalish@allot.com
Source: Allot Communications Ltd.
.