Heidrick & Struggles International, Inc. (ticker: HSII, exchange: NASDAQ) News Release - 10-Apr-2000
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LeadersOnline Announces Filing of Registration Statement for Initial Public Offering
IRVINE, Calif.--(BUSINESS WIRE)--April 10, 2000--LeadersOnline, Inc., a subsidiary of Heidrick & Struggles International, Inc. (Nasdaq: HSII), announced today that it has filed a registration statement with the Securities and Exchange Commission relating to a proposed initial public offering of its Class A common stock. All of the shares are being offered by LeadersOnline. Goldman, Sachs & Co. is acting as the lead manager of this offering, with Lehman Brothers and Wit SoundView as co-managers.
LeadersOnline plans to use the proceeds from this offering primarily for general corporate purposes, including expansion of its marketing and branding programs globally, further investment in technology infrastructure and working capital.
About LeadersOnline, Inc.
LeadersOnline is a leading business-to-business Internet marketplace that enables efficient and effective aggregation, matching and fulfillment of employer demand with candidate supply in the recruitment market for mid-level executives and professionals. As of March 31, 2000, more than 110 companies located throughout the United States and Europe have used LeadersOnline's value-added Internet-based services to match and recruit candidates into a broad range of functions. LeadersOnline is headquartered in Irvine, California, with operations throughout North America and Europe. For more information about LeadersOnline, please visit our web site at www.leadersonline.com.
About Heidrick & Struggles International, Inc.
Heidrick & Struggles International (Nasdaq: HSII) is the world's leading executive search firm, specializing in chief executive, board of directors and senior level management assignments. Today, nearly 900 Heidrick & Struggles professionals serve a broad range of organizations, including Fortune 500 companies, financial institutions, major health care organizations, universities and not-for-profit organizations, leading mid-cap companies and emerging growth companies from offices in 70 locations throughout North and South America, Europe, the Middle East, Africa and Asia Pacific. For more information about Heidrick & Struggles, please visit our web site at www.heidrick.com.
Special note:
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 news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sales of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction. When available, a written prospectus relating to the offering may be obtained from the offices of Goldman, Sachs & Co., 85 W. Broad Street, New York, NY 10004.
CONTACT: for LeadersOnline:
Sheree Aronson (media), 213/489-8226
aronsons@fleishman.com
or
Lynn McHugh (analysts), 312/496-1593
lmchugh@heidrick.com