Internet Gold is Considering an IPO of its Two Subsidiaries
September 18 2007 - 2:43AM
PR Newswire (US)
PETACH TIKVA, Israel, September 18 /PRNewswire-FirstCall/ --
Internet Gold, (NASDAQ NMS and TASE: IGLD) today reported that it
is considering filing registration statements with the U.S.
Securities and Exchange Commission for the initial public offering
of the ordinary shares of either or both of its two wholly-owned
subsidiaries, 012 Smile.Communications Ltd. and Smile.Media Ltd.,
in underwritten offerings. This announcement shall not constitute
an offer to sell or the solicitation of an offer to buy any
ordinary shares of 012 Smile.Communications Ltd. or Smile.Media
Ltd. This announcement is being issued pursuant to and in
accordance with Rule 135 under the Securities Act of 1933, as
amended. The statement above about the filing of registration
statements is a forward-looking statement made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. Such statement is subject to a variety of risks and
uncertainties, known and unknown, which may cause the company or
its subsidiaries to delay filing registration statements, or not to
file at all. Our subsidiaries may not file a registration statement
if U.S. market conditions deteriorate, or if their performance will
not support a successful initial public offering. Other potential
risks and uncertainies that could cause our actual results to
differ materially from the forward-looking statement are detailed
from time to time in the Company's filings with the United States
Securities and Exchange Commission. About Internet Gold Internet
Gold is one of Israel's leading communications groups with a major
presence across all Internet-related sectors. Its 012
Smile.Communications 100% owned subsidiary is one of Israel's major
Internet and International Telephony service providers, and one of
its largest providers of enterprise/IT integration services. Its
100% owned Smile.Media subsidiary manages a growing portfolio of
Internet portals and e-Commerce sites. Internet Gold is part of the
Eurocom Communications Group and its shares trade on the Nasdaq
Global Market and on the Tel Aviv Stock Exchange. For additional
information about Internet Gold, please visit its investors' site
at http://www.igld.com/. DATASOURCE: Internet Gold CONTACT: For
further information, please contact: Ms. Idit Azulay, Internet
Gold, , Tel: +972-3-939-9848
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