ValueVision Media Announces Public Offering of Common Stock
December 16 2010 - 3:16PM
Marketwired
ValueVision Media, Inc. (NASDAQ: VVTV), a premium interactive
retailer via TV, online and mobile operating under the "ShopNBC"
brand, today announced that it intends to offer shares of its
common stock in an underwritten public offering pursuant to an
effective shelf registration statement. Piper Jaffray & Co. is
acting as sole underwriter in the offering.
The offering is being conducted pursuant to an effective shelf
registration statement on file with the Securities and Exchange
Commission. A prospectus supplement relating to the offering will
be filed with the Securities and Exchange Commission. When
available, copies of the prospectus supplement and the base
prospectus relating to the offering may be obtained from Piper
Jaffray & Co. at 800 Nicollet Mall, Suite 800, Minneapolis,
Minnesota 55402, or by calling 1-800-747-3924.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy any securities of the Company, and
there shall not be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to the registration or qualification under the
securities laws of any such state or jurisdiction.
About ValueVision Media/ShopNBC
ValueVision Media, Inc. (NASDAQ: VVTV) is an interactive retailer
reaching customers via TV, online and mobile, utilizing the ShopNBC
brand. The ShopNBC Network broadcasts nationwide into over 76
million homes. Over 1.1 million active customers have utilized
ShopNBC as a destination in the categories of home, electronics,
beauty, health, fitness, fashion, jewelry and watches. As part of
the Company's "ShopNBC Anywhere" initiative, customers can interact
and shop via cable and satellite TV, mobile devices and online at
www.ShopNBC.com and www.ShopNBC.tv and social networking sites. For
more information, please visit www.ShopNBC.com/IR.
Forward-Looking Information This release
contains certain "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995, including
statements regarding the Company's expectations regarding the
completion and anticipated proceeds of the public offering. These
statements are based on management's current expectations and
accordingly are subject to uncertainty and changes in
circumstances. Actual results and the timing of events may vary
materially from those expressed or implied by such forward-looking
statements due to various important factors, including, without
limitation, risks and uncertainties related to the Company's
business and the satisfaction of the conditions of the closing of
the public offering. More detailed information about those factors
is set forth in the Company's filings with the Securities and
Exchange Commission, including the Company's annual report on Form
10-K, quarterly reports on Form 10-Q, and current reports on Form
8-K. The Company is under no obligation (and expressly disclaims
any such obligation) to update or alter its forward-looking
statements whether as a result of new information, future events or
otherwise.
Contact Information: Investor/Media Relations Anthony
Giombetti agiombetti@shopnbc.com 612-308-1190 Investor
Relations Norberto Aja & David Collins vvtv@jcir.com
212-835-8500
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