/NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA OR THROUGH U.S.
NEWSWIRE SERVICES/
TORONTO, Jan. 8, 2013 /CNW/ - Angoss Software Corporation (Angoss) (TSX-V: ANC) announces a proposed non-brokered private
placement financing of up to $1,000,000 through the sale of up to
3,333,333 Common shares at $0.30 per common share, subject to
regulatory approval and closing. All securities issued in conjunction
with the offering will be subject to a hold period, which expires four
months after closing. It is anticipated that insiders will take up to
$539,000 of the private placement."
The Company continues to focus on growing sales and repaying the debt
associated with previous acquisitions and proceeds will be used for
debt reduction and working capital needs.
This news release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of, the
securities in any jurisdiction in which such offer, solicitation or
sale would be unlawful. The securities described herein have not been
and will not be registered under the United States Securities Act of
1933, as amended (the "U.S. Securities Act"), or any U.S. state
securities laws and may not be offered or sold in the United States or
to U.S. persons except in compliance with the registration requirements
of the U.S. Securities Act and applicable U.S. state securities laws or
pursuant to an exemption therefrom.
About Angoss Software Corporation
Angoss is a global leader in delivering predictive analytics to
businesses looking to improve performance across sales, marketing and
risk. With a suite of desktop, client-server and big data analytics
software products and Cloud solutions, Angoss delivers powerful
approaches to turn information into actionable business decisions and
competitive advantage. Angoss software products and solutions are
user-friendly and agile, making predictive analytics accessible and
easy to use. Many of the world's leading financial services, insurance,
retail, health care and information communication and technology
organizations use Angoss predictive analytics software products and
solutions to grow revenue, increase sales productivity and improve
marketing effectiveness while reducing risk and cost. Headquartered in
Toronto, Canada, Angoss has offices in the United States and United
Kingdom. For more information, visit www.angoss.com.
This press release includes forward-looking statements within the
meaning of applicable securities laws. Forward looking statements
relate to analyses and other information that are based on forecasts of
future results and estimates of amounts not yet determinable. These
statements may involve, but are not limited to, comments relating to
preliminary results, guidance, strategies, expectations, planned
operations or future actions. Forward-looking statements are
identified by the use of terms and phrases such as "preliminary",
"anticipate", "believe", "could", "estimate", "expect", "intend",
"may", "plan", "predict", "project", "will", "would", and similar terms
and phrases, including references to assumptions.
Forward-looking statements, by their nature, are based on assumptions,
including those described herein and are subject to important risks and
uncertainties. Forward-looking statements cannot be relied upon due
to, amongst other things, changing external events and general
uncertainties of the business. Actual results may differ materially
from results indicated in forward-looking statements due to a number of
factors, including without limitation: the risk that the sale of our
products and services involves a long sales cycle; the risk that the
economic environment and business conditions will remain difficult to
predict; the risk of competition in our target markets; the risk that
we may not respond adequately to evolving technologies; the risk that
we or our customers may have difficulties in introducing our products
or services; the risk that we will encounter difficulties in continuing
to offer services; the risks of conducting our operations in a variety
of international locations; the risks relating to the costs that we may
incur as a result of litigation against us; the risk of future capital
needs and uncertainty of additional financing; the risk of the need for
the Company to manage its planned growth and expansion; the risk of
the effects of product development and need for continued technology
change; the risk of protection of proprietary rights; the effect of
government regulation and compliance on the Company and the industry;
network security risks; the risk of the ability of the Company to
maintain properly working systems; the risk of reliance on key
personnel; the risk of volatile securities markets impacting security
pricing unrelated to operating performance; as well as the factors
identified throughout this news release and those identified in section
entitled "Risks and Uncertainties" of the Company's MD&A filed on www.sedar.com. The forward-looking statements contained in this news release
represent the Company's expectations as of the date of this news
release (or as of the date they are otherwise stated to be made), and
are subject to change after such date. However, the Company disclaims
any intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events or
otherwise, except as required under applicable securities regulations.
Note: Neither TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
SOURCE: ANGOSS Software Corporation
