TELECOM Digest OnLine - Sorted: Youbet.com Files for $50 Million Mixed Shelf

Youbet.com Files for $50 Million Mixed Shelf

Lisa Minter (lisa_minter2001@yahoo.com)
Mon, 27 Jun 2005 14:37:04 -0500

http://Youbet.com which maintains a Web site that allows members to
watch and bet on horse races, filed on Monday to periodically sell up
to $50 million in debt securities, common and preferred stock, and
other securities.

The Woodland Hills, California-based company said in a registration
statement filed with the U.S. Securities and Exchange Commission that
it will use the proceeds from the offering for general corporate
purposes, including working capital, debt repayment and acquisition
financing.

Under a shelf registration, a company may sell securities in one or
more separate offerings, with the size, price and terms to be
determined at the time of sale.

Copyright 2005 Reuters Limited.

NOTE: For more telecom/internet/networking/computer news from the
daily media, check out our feature 'Telecom Digest Extra' each day at
http://telecom-digest.org/td-extra/more-news.html . Hundreds of new
articles daily.

Post Followup Article Use your browser's quoting feature to quote article into reply
Go to Next message: Scott Dorsey: "Re: Where to Buy a Cellular Phone Jammer?"
Go to Previous message: Lisa Minter: "Web Site Makes Government Reports Available"
TELECOM Digest: Home Page