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Bonds.com Announces Effectiveness of S-1 Registration Statement for Resale of Shares by Selling Stockholders
BOCA RATON, Fla.-(Business Wire)-July 4, 2008 - Bonds.com Group, Inc. (the "Company") (OTC BB: BDCG) through its subsidiary Bonds.com, Inc., provider of an innovative comprehensive online trading platform providing execution, liquidity and competitive pricing to the fragmented fixed income marketplace, announced today that on July 3, 2008, the Securities and Exchange Commission declared effective the Company's registration statement on Form S-1 relating to resale of up to 16,969,550 shares (including up to 4,942,264 shares issuable upon exercise of common stock purchase warrants; exercise price of $0.66 per share) of the Company's common stock, par value $0.0001 per share, by certain selling stockholders. The Company was required to register these shares due to commitments it made in connection with the issuance of $4.35 million in equity financing to certain institutional investors and other high net worth individuals.
Bonds.com has approximately 60,932,551 shares of common stock outstanding and approximately 67,767,627 shares outstanding on a fully diluted basis.
The resale registration statement, while effective, allows selling stockholders to publicly resell their shares of Bonds.com Group, Inc. common stock, subject to the satisfaction by selling stockholders of the prospectus delivery requirements of the Securities Act of 1933, as amended, in connection with any such resale. The Company's founders and principal stockholders' shares are not included in the resale registration statement.
The Company will not receive any proceeds from any sales by selling stockholders, but will receive the proceeds from the exercise of warrants held by selling stockholders, if exercised.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the Company's securities, nor shall there be any sale of these securities in any state in which offer, solicitation, or sale would be unlawful prior to registration of qualification under the securities laws of any such state.
Additional information with regard to this transaction and related transactions can be found in the Company's final prospectus, dated July 3, 2008, and Amendment No. 3 to the Company's Registration Statement on Form S-1 filed with the Securities and Exchange Commission on June 17, 2008. The final prospectus and Amendment No. 3 can be viewed without charge at www.sec.gov.
About Bonds.com Group, Inc.
Bonds.com Group, Inc. (OTC BB: BDCG), through its subsidiary Bonds.com, Inc., serves institutional and self-directed individual fixed income investors by providing a comprehensive zero subscription fee online trading platform. The company designed the BondStation platform to provide liquidity and competitive pricing to the fragmented Over-The-Counter (OTC) fixed income marketplace.
The company differentiates itself by offering through its broker dealer Bonds.com, Inc., an inventory of over 25,000 fixed income products from a multitude of competing sources, as well as market research, investor tools, bond education and an interactive website experience. Asset classes currently offered on the BondStation fixed income trading platform include municipal bonds, corporate bonds, agency bonds, certificates of deposit (CDs) and U.S. Treasuries. With unmatched marketability of the domain name www.bonds.com commitment to key advertising initiatives, experienced management team and seasoned account managers, Bonds.com, Inc. is poised to redefine the $29 trillion fixed income marketplace.
FORWARD-LOOKING STATEMENTS
The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 protects companies from liability for their forward looking statements if they comply with the requirements of the Act.
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