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Advanced Life Sciences Announces Filing of Initial Public Offering
Woodridge, Ill, April. 28, 2005 – Advanced Life Sciences Holdings,
Inc. announced today that it filed a registration statement with the
Securities and Exchange Commission for a proposed initial public offering of
its common stock. The number of shares to be offered and the price range for
the offering have not yet been determined.
C.E. Unterberg, Towbin, LLC will serve as sole bookrunning manager, with
Think Equity Partners, LLC acting as co-lead manager for the proposed
offering.
Advanced Life Sciences is a biopharmaceutical company engaged in the
discovery, development and commercialization of novel drugs in the
therapeutic areas of infection, cancer, and inflammation using its platform
in natural products and chemical proteomics coupled with expertise in drug
development.
A registration statement relating to these securities has been filed with
the Securities and Exchange Commission but has not yet become effective.
These securities may not be sold nor may offers to buy be accepted prior to
the time the registration statement becomes effective. This press release
shall not constitute an offer to sell or the solicitation of an offer to buy
nor shall there be any sale of these securities in any state in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state.
A copy of the prospectus relating to these securities may be obtained, when
available, from C.E. Unterberg, Towbin, LLC, 350 Madison Avenue, New York,
NY 10017
This press release includes “forward-looking statements" within the meaning
of the Securities Litigation Reform Act of 1995. These statements include
but are not limited to our plans, objectives, expectations and intentions
and other statements that contain words such as “expects,” “contemplates,”
“anticipates,” “plans,” “intends,” “believes” and variations of such words
or similar expressions that predict or indicate future events or trends, or
that do not relate to historical matters. These statements are based on our
current beliefs or expectations and are inherently subject to significant
uncertainties and changes in circumstances, many of which are beyond our
control. There can be no assurance that our beliefs or expectations will be
achieved. Actual results may differ materially from our beliefs or
expectations due to economic, business, competitive, market and regulatory
factors.
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