EMERYVILLE, Calif., May 24, 2012 (GLOBE NEWSWIRE) -- Lyris, Inc., (OTCBB:LYRI), a leading provider of digital marketing software solutions, today announced it has filed a registration statement with the U.S. Securities and Exchange Commission related to a proposed offering of its common stock. The number of shares to be offered and the price range for the offering have not yet been determined. In conjunction with the proposed offering, Lyris has filed to list its common stock on the NASDAQ Capital Market. The Company's common stock will continue to trade on the OTC Bulletin Board under its current symbol, LYRI.OB, during the NASDAQ review process.
All of the shares in the offering are being issued and sold by Lyris. The Company expects to use the net proceeds from the offering to hire sales and marketing personnel, fund product development and the remainder for working capital and other general corporate purposes.
ROTH Capital Partners, LLC is serving as the underwriter for the offering.
A registration statement relating to these securities has been filed with the U.S. 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 statements becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor may there be any sales of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
The offering will be made only by means of a prospectus. Copies of the preliminary prospectus related to the offering may be obtained, when available, from ROTH Capital Partners, 24 Corporate Plaza, Newport Beach, CA 92660, at 1-800-678-9147, or by e-mail: rothecm@roth.com or by accessing the SEC's website at www.sec.gov.