Muse Technologies, Inc. Announces Pricing of Initial Public Offering

Business Wire, Nov 17, 1998

ALBUQUERQUE, N.M.--(BUSINESS WIRE)--Nov. 16, 1998--MUSE Technologies, Inc. (Nasdaq: MUZE, MUZEW; BSE: MUZ, MUZW) today announced the pricing of an initial public offering of 1,200,000 units (consisting of 1,200,000 shares of common stock and Class A redeemable warrants to purchase 600,000 shares of common stock) at $8.00 per unit to be sold by the Company. The Company has granted the underwriters a 45-day option to purchase up to an additional 180,000 units to cover over-allotments. HD Brous & Co., Inc. is the underwriter of the offering.

The common stock and the warrants will begin trading on Tuesday, November 17, 1998 on the Nasdaq SmallCap Market under the symbols "MUZE" (common shares) and "MUZEW" (warrants) and the Boston Stock Exchange under the symbols "MZE" (common shares) and "MZEW" (warrants).

The Company intends to use the net proceeds of approximately $7.9 million primarily for product development, marketing and working capital.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on November 16, 1998. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

A final prospectus relating to these securities may be obtained from HD Brous & Co., Inc., located at 40 Cuttermill Road, Great Neck NY 11021; telephone (516) 773-1800.

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.