Business Services Industry

Visual Networks Announces Registration Statement On Form S-3 Is Declared Effective by Securities And Exchange Commission

Business Wire, Nov 15, 1999

ROCKVILLE, Md.--(BUSINESS WIRE)--Nov. 12, 1999--

Visual Networks(R), Inc. (NASDAQ:VNWK), the leading provider of reliability solutions for the Internet and corporate networks, today announced that its Registration Statement on Form S-3 relating to the 4,110,897 shares of common stock issued in connection with the acquisition of Inverse Network Technology on September 30, 1999, has been declared effective by the Securities and Exchange Commission. Pursuant to the agreement of merger with Inverse Network Technology, this Registration Statement was first filed on November 1, 1999, which was within 30 days of the acquisition.

About Visual Networks

Visual Networks is the clear market leader in providing WAN service management solutions for New World networks. The company provides reliable network infrastructure for the Internet and IP corporate networks whether they are running on frame relay, ATM, IP VPN, or any other transport technologies. Utilizing Visual Networks systems such as Visual UpTime(R) and Visual IP InSight(TM), service providers and their subscribers can increase network reliability, dramatically reduce operational expenses, and lower their customers' total cost of ownership. Visual Networks' headquarters are located in Rockville, Maryland, with sales offices nationwide. For sales information, call 1.800.240.4010 or visit www.visualnetworks.com.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Visual Networks, Inc.'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K.

COPYRIGHT 1999 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning

 

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