Main Street Banks (NASDAQ:MSBK)
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Main Street Banks Announces Plans to Offer Common Stock
ATLANTA, Oct. 1 /PRNewswire-FirstCall/ -- Edward C. Milligan, chairman and
chief executive officer of Main Street Banks, Inc. (NASDAQ:MSBK), announced
that the Company plans to offer for sale in an underwritten public offering
approximately $50 million of its common stock within the next 90 days pursuant
to its effective universal shelf registration statement.
Any offerings of securities covered by the shelf registration statement will be
made only by means of the prospectus supplement and prospectus. This press
release does not constitute an offer to sell, and is not a solicitation of an
offer to buy any securities, nor shall there be any offer or sale of securities
in any state or jurisdiction in which such offer or sale would be unlawful.
About Main Street
Main Street Banks, Inc., a $2.1 billion asset, community-banking organization
based in metropolitan Atlanta offers a broad range of banking, brokerage,
insurance, and mortgage products and services through its 23 banking offices
located in eighteen of Georgia's fastest growing communities.
Special Cautionary Notice Regarding Forward-Looking Statements
Certain of the statements made in this press release are "forward-looking
statements" within the meaning of, and subject to the protections of, Section
27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Forward-looking statements
include statements with respect to our beliefs, plans, objectives, goals,
expectations, anticipations, assumptions, estimates, intentions, and future
performance, and involve known and unknown risks, uncertainties and other
factors, many of which may be beyond our control, and which may cause the
actual results, performance or achievements of the Company to be materially
different from future results, performance or achievements expressed or implied
by such forward-looking statements. The forward-looking statements herein
include, but are not limited to, our plans to sell common stock and the amount
and timing of the proposed offering. Our plans may not be realized due to a
variety of factors, including, without limitation: (i) market and economic
conditions, (ii) governmental monetary and fiscal policies, or (iii) adverse
changes in our business conditions.
All written or oral forward-looking statements that are made by or are
attributable to us are expressly qualified in their entirety by this cautionary
notice. Our forward-looking statements apply only as of the date of this press
release. We have no obligation and do not undertake to update, revise or
correct any of the forward-looking statements after the date of this press
release, whether as a result of new information, future events or otherwise.
Website: http://www.mainstreetbank.com/
DATASOURCE: Main Street Banks, Inc.
CONTACT: Edward C. Milligan, Chairman & CEO, +1-770-422-2888, or Samuel
B. Hay III, President & COO, +1-770-385-2424, both of Main Street Banks, Inc.
Web site: http://www.mainstreetbank.com/