For more information, contact:
Advanced Energy Industries, Inc
|Janet Nelson (analysts/investors)
The Financial Relations Board/BSMG Worldwide
Advanced Energy Industries Files Registration Statement Related to Proposed Public Offering
FORT COLLINS, CO (September 21, 1999)
-- Advanced Energy Industries, Inc. (Nasdaq NM: AEIS) announced today that it has filed two registration statements with the Securities and Exchange Commission. One registration statement relates to a proposed public offering of three million shares of common stock, consisting of one million shares to be issued by the company and two million shares to be sold by certain selling shareholders. The other registration relates to a proposed offering of $100 million in convertible subordinated notes due 2006. Each of the proposed offerings will be made only by means of a prospectus after the registration statement has been declared effective by the Securities and Exchange Commission. Net proceeds to the company from the offerings are expected to be used for general corporate purposes, including possible acquisitions, and working capital requirements. Goldman, Sachs & Co. is the lead manager for both the common stock and convertible subordinated notes offerings.