Muse Technologies, Inc. Announces Exercise of Overallotment Option

Business Wire, Dec 2, 1998

ALBUQUERQUE, N.M.--(BUSINESS WIRE)--Dec. 2, 1998--MUSE Technologies, Inc. (Nasdaq: MUZE, MUZEW; Boston Stock Exchange: MUZ, MUZW) today announced that the underwriters of its initial public offering exercised in full the option to purchase an additional 180,000 units to cover overallotments. The option was exercised at the offering price of $8 per share. As a result, the Company has raised an additional $1,440,000 in gross proceeds, bringing the total gross proceeds from the offering to $11,040,000. The Company's IPO became effective on November 16, 1998. The Company trades on the Nasdaq SmallCap market.

MUSE Technologies, Inc. develops and markets software products that enhance a computer user's ability to visualize, analyze and understand large and diverse forms of data using UNIX and WindowsNT(R)-based systems. The Company's products provide solutions to complex data integration and data management problems encountered by scientists, engineers, developers and other computing professionals. The Company also develops advanced collaborative software that enables groups of users to work together over local and global networks.