The Herrington Teddy Bear Company Today Announces A Public Offering Of Common Stock
The World Famous "Herrington Teddy Bear Company", creators of collectible teddy bears and plush toys for some of the world's most well known brands, today announced a "Direct Public Offering" of Twenty Million Common Stock Shares in preparation for its IPO on the German Frankfurt Exchange's Open Market.
- (1888PressRelease) October 07, 2011 - New York, N.Y. - Mr. Chris Herrington of the Irvine, California based "Herrington Teddy Bear Company", today announced its "Pre-IPO Direct Public Offering (DPO)" of 20,000,000 Shares of the Company's Common Stock as the Company prepares for its IPO German Frankfurt Exchange's Open Market.
A "DPO" is a pioneering form of financing and an innovative, cost-effective way for an established business to acquire needed expansion capital. In turn, it provides qualified investors an affordable short-term investment opportunity with above market returns and minimal risk. The Company is offering Twenty Million 'unrestricted' Common Stock Shares at 75% of the Company's IPO Stock Price.
The Herrington Teddy Bear Company has filed a Form D with the Securities and Exchange Commission (SEC) detailing information about the firm and the offering. The company also filed an Issuer Statement and Small Corporate Offering Registration relating to these securities with the State of California's Attorney General's office.
In New York, NY today, Mr. Steven Muehler, Managing Partner of the New York Based International Investment Banking Firm "Alta Vista Securities" announced that the strategic move into overseas public markets later this month is expected to expand the company's financial security for years to come and increase the Company's already tremendous Internet presence while at the same time allowing the Company continue to grow its retail and distribution businesses. We are firmly committed to working with the Company in its production of the new era of social media interactive teddy bears and plush toys".
In Irvine, California, Company Founder & CEO Chris Herrington "We are extremely excited to be working with Mr. Steve Muehler and Alta Vista Securities. Mr. Muehler and his team have shown us incredible vision and leadership in taking our company public". This public offering will allow us to implement our aggressive business plan to grow our existing product line and will give us the resources to introduce our new state of the art, high tech line of social media interactive teddy bears and plush toys. We have partnered with some of Hollywood's biggest celebrities and talent. We have developed an exciting marketing plan that will leverage our strong international brand and our Hollywood partners in launching this incredibly exciting line of toys that tie in with today's popular social media attention. We are expecting to launch these new products in coming months."
The Company will initially be traded under. (Frankfurt Stock Exchange; ISIN: G4417H 104)
Disclosures and Caution Concerning Forward-Looking Statements: This release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Expressions of future goals and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, economic and market factors, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses and other factors. The actual results that the company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. The company undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
About Herrington Teddy Bears.
For more than twenty five years, The Herrington Teddy Bear Company has been a leader in creating custom designed, uniquely branded plush for world-class organizations. The Company's premium quality products have gained a worldwide following, with merchandise currently being sold in over 50 countries. Today, Herrington produces high quality branded plush toys, collectibles, souvenirs and promotional plush for world class brands such as the Hard Rock Café, The Cheesecake Factory, Mercedes-Benz, gift retailers, and many others. The Company is also the leading producer and licensee of plush for more than 300 of the nation's finest colleges and universities. On this foundation of proven success, Herrington is poised to significantly drive the growth and profitability of the business both domestically and internationally.
The Company's prospectus is available by registering online at: http://www.altavistacompanies.net/IPO_HTB_Main.html
Investment Inquiries may be sent via email to: IR ( @ ) AltaVistaCompanies dot net
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 offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
All trademarks and service marks are the property of the respective parties.
NEWS SOURCE: The Herrington Teddy Bear Company, PLC.
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