PST (the "Company") has announced that it has set the Company's listing guidance for the third week in October. As of mid-2005, initial public offerings have raised a total of US $8.4 billion. This even tops the funds raised by IPO's during the same period of 2000. The difference is that most of the offerings today come from a variety of mostly mature industries. Also, the share prices of IPO's do not immediately soar as they did in 2000, averaging gains of some 7% from their initial prices. PST is moving towards a listing on the Frankfurt or London markets. PST is closing its share placement shortly.
(PRWEB) September 15, 2005 -- PST (the "Company") has announced that it has set the Company's listing guidance for the third week in October. As of mid-2005, initial public offerings have raised a total of US $8.4 billion. This even tops the funds raised by IPO's during the same period of 2000. The difference is that most of the offerings today come from a variety of mostly mature industries. Also, the share prices of IPO's do not immediately soar as they did in 2000, averaging gains of some 7% from their initial prices. PST is moving towards a listing on the Frankfurt or London markets. PST is closing its share placement shortly.
About the Company:
PST Ltd. is a global security and technology firm covering the oil & gas industry. The company has offices in the major oil producing regions around the world. PST is an international firm built by veteran oil industry engineers and provides vital technologies to the oil & gas industry. By developing and licensing cutting edge technologies, PST delivers a cost effective solution for securing infrastructure facilities such as oil pipelines, gas pipelines, oil exploration facilities, oil refineries, nuclear power plants, electrical power plants, water treatment plants and government facilities.
The statements in this press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results. This press release contains forward looking statements. In particular, when used in the preceding discussion, the words "plans", "confident that", "believe", "expect", or "intend to", and similar conditional expressions are intended to identify forward-looking statements. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any forward-looking statements.
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