Global Strategies Group Files Registration for a Proposed Initial Public Offering of its US Defense Technology Business
By Prne, Gaea News NetworkThursday, September 3, 2009
MCLEAN, Virginia -
Global Strategies Group, a leading provider of integrated security and defense technology, today announced that its US defense technology business, Global Defense Technology & Systems, Inc. (”GLOBAL Defense Technology”), has filed a registration statement with the Securities and Exchange Commission (SEC) for a proposed initial public offering of its common stock. GLOBAL Defense Technology is the newly renamed holding company of Global Strategies Group (North America) Inc. The number of shares to be offered and the price range for the offering have not yet been determined. The shares of common stock to be sold in this offering are proposed to be sold by GLOBAL Defense Technology and certain stockholders. GLOBAL Defense Technology intends to apply to have its common stock listed on The Nasdaq Global Market under the ticker symbol “GTEC.”
Cowen and Company will act as sole book-running manager of the proposed offering. Copies of the preliminary prospectus for this offering may be obtained, when available, from Cowen and Company, 1211 Avenue of the Americas, New York, NY 10020.
A registration statement on Form S-1 relating to the offering of common stock has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy these securities be accepted before the time the registration statement becomes effective. Copies of the registration statement can be accessed through the SEC’s website at www.sec.gov.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Global Strategies Group
Global Strategies Group (GLOBAL) is one of the world’s leading providers of integrated security and defense technology for clients operating in high-stakes situations - when the problem is complex, when the mission is vital and when ingenuity is key. We empower our clients to achieve their toughest goals by strengthening national security, transforming critical environments and enabling opportunities.
For more information, please visit www.globalgroup.com.
About Global Defense Technology & Systems, Inc.
Global Defense Technology & Systems, Inc. (GLOBAL Defense Technology) and its subsidiary Global Strategies Group (North America) Inc. is a national security solutions provider with a significant technology pedigree. The company supports defense and security initiatives across the world by leveraging its deep domain and analytical expertise to rapidly develop and transition technologies and systems into operational solutions. GLOBAL Defense Technology delivers technologies, software and services ranging from innovative C4ISR systems, counterterrorism and intelligence, and force modernization and mobility systems for clients in the defense, intelligence and homeland security communities. For more information, please visit www.globalgroup.us.com.
Media Contact: Lauren Peduzzi t: +1-703-738-2861 e: media@globalgroup.us.com
Source: Global Strategies Group
Lauren Peduzzi of Global Strategies Group, +1-703-738-2861, media at globalgroup.us.com
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