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New
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news release:
Intermagnetics Files Shelf Registration
Statement
Latham, NY, Feb. 21: Intermagnetics General Corporation (NASDAQ: IMGC) today
announced that it has filed a shelf registration statement with the U.S.
Securities and Exchange Commission that enables the company to offer preferred
stock, common stock, senior and subordinated debt and warrants, as well as units
and purchase contracts that may include one or more of those securities. The
filing became effective immediately.
"As Intermagnetics continues to grow, it is both timely and appropriate to add a
shelf registration statement to our portfolio of tools to pursue our strategic
objectives," said Glenn H. Epstein, chairman and chief executive officer. "While
we have no imminent needs or present plans to issue securities, we are
positioning ourselves to be increasingly nimble and flexible as we pursue a
variety of opportunities to continue to increase stockholder value."
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