DALLAS, Nov. 12, 2002 (PRIMEZONE) -- Corporate and securities attorneys and their clients can benefit from an online course on reverse mergers, a process which is gaining more credibility and awareness, especially as an option to an IPO, according to Tim Halter, President of Halter Financial Group (www.halterfinanical.com), a leading financial consulting firm and lead manager of more than 60 Reverse Merger transactions.
Said Halter: "We are excited to bring this course to the public. We believe the Reverse Merger transaction affords many more companies the opportunity to go public and will continue to do so, even after the IPO comes back in favor."
"For any company and its counsel considering `going public' through a merger with a public shell, this seminar is fast paced, informative and covers all major aspects of the going public through the reverse merger process. I highly recommend this seminar for the business attorneys and their clients who may be considering this alternative to an IPO," said Richard Goodner, Esq., with Jackson Walker LLC in Dallas.
The Reverse Merger, simply put, is a method for going public which allows a private company to merge with an inactive or dormant public entity or "public shell." There are four types of shells: non-reporting/non-trading; non-reporting/trading - Pink Sheets; reporting/non-trading; reporting/trading - OTCBB. Each has advantages depending upon the specific objectives of the eventual merged company. Radio Shack Corporation (RSH:NYSE), Turner Broadcasting Systems, Waste Management, Inc. (WMI:NYSE) and Occidental Petroleum Corp. (OXY:NYSE) are just a few of the better known Reverse Merger companies.
Halter said the 6-hour, Internet-based CLE and CPE qualified program for attorneys, accountants and corporate executives, also includes a presentation by a leading investment banker who discusses aspects of PIPEs, a very popular funding vehicle for public companies. PIPE stands for Private Investment in a Public Entity, and could typically occur after a Reverse Merger. The Reverse Merger course retails for $279, or $249 for groups of five or more. For more information, please visit www.halterfinanical.com.
"We have seen an increase in both the quality and quantity of companies pursuing a Reverse Merger. Although this is likely due in part to the weak IPO market, we began to see this trend prior to the market downturn. With so many successful Reverse Merger transactions being completed, the street has begun to take notice of this method of going public as a viable alternative to the IPO," said Halter.
About Halter Financial
Halter Financial Group, Inc. is a specialized consulting firm in the business of assisting private companies in becoming public, specifically through the Reverse Merger process. HFG helps clients handle all aspects of the Reverse Merger process, which includes providing a clean public shell, assisting in all legal and accounting issues, and providing guidance with investor relations. HFG's organization includes individuals with expertise in all of the areas that are required to successfully complete a Reverse Merger transaction.