Imported from previous forum
[ original email was from James Parker - jparker@tnsi.com ]
FOR IMMEDIATE RELEASE March 16, 2004
For further information contact:
Pam Preston
VP Finance and Investor Relations
(703) 453-8509
Email: investorrelations@tnsi.com
TNS, Inc.
Announces Initial Public Offering of Common Stock
RESTON, VA – TNS, Inc. (NYSE: TNS, doing business as Transaction Network Services, Inc.), a leading provider of business-critical, cost-effective, data communications services for transaction-oriented applications, today announced its initial public offering of 4,420,000 shares of common stock at a price of $18.00 per share. The shares are being offered by an underwriting group managed by JPMorgan Securities, Inc. and Lehman Brothers Inc. and co-managed by Credit Suisse First Boston LLC, William Blair & Company L.L.C., and SunTrust Capital Markets, Inc. TNS, Inc. has granted the underwriters an option to purchase an additional 663,000 shares of common stock to cover over-allotments. TNS, Inc.’s common stock will begin trading today on the NYSE under the symbol “TNS”.
Copies of the final prospectus relating to the offering may be obtained from JPMorgan Securities, Inc., Prospectus Department, 1 Chase Manhattan Plaza, Floor 5B, New York NY 10081, (212) 552-5164, or from Lehman Brothers Inc., c/o ADP Financial Services, Integrated Distribution Services, 1155 Long Island Avenue, Edgewood, NY 11717, (631) 254-7118. Additional information is available upon which the New York Stock Exchange relied to list TNS and is included in the listing application, which is available to the public upon request.
A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on March 16, 2004. This is not an offer to sell securities, which can only be made by a prospectus.