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[March 22, 2004] SEVEN Files Registration Statement for Initial Public Offering REDWOOD CITY, California, March 22 /PRNewswire/ --Seven Networks, Inc (R) announced today that the company has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) for a proposed initial public offering of its common stock to be sold by both the company and selling stockholders. UBS Securities LLC will act as sole book running manager for the offering, with co-manager Needham & Company, Inc. When available, copies of the preliminary prospectus relating to this offering may be obtained from UBS Securities LLC, 299 Park Avenue, New York, NY 10171, Telephone 212-821-3000. A registration statement related to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This news 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 or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About SEVEN (R) SEVEN (R) is a leading global provider of software that enables mobile operators to offer their subscribers secure, low-cost, real-time access to critical information including business and personal email and applications. SEVEN is available as Personal Edition for individuals, and Server Edition and Enterprise Edition for businesses. Our software supports a wide variety of device platforms, including BREW-, J2ME-, Microsoft Pocket PC-, Microsoft Smartphone 2003-, Palm OS- and Symbian-based phones, and is currently compatible with handheld devices manufactured by Hitachi, HTC, Motorola, palmOne, Sanyo, Samsung, Sony Ericsson and Toshiba. SEVEN is available today across major international network standards, and is sold by Cingular Wireless, KDDI Corp., NTT DoCoMo, O2, Orange, The SingTel Group and Sprint. SEVEN is a global company headquartered in Redwood City, CA. NOTE: SEVEN is a registered trademark of Seven Networks, Inc. Out of the Office, System SEVEN, SEVEN Personal Edition, SEVEN Enterprise Edition, and SEVEN Server Edition are also trademarks or service marks of Seven Networks, Inc. All other trademarks or tradenames are those of their respective owners. Safe Harbor Statement under the Private Securities Litigation Reform Act 1995 Information and announcements in this release involve the expectations, beliefs, hopes, plans, intentions or strategies of Seven Networks, Inc. regarding the future and are forward-looking statements that involve risks and uncertainties. All forward-looking statements included in this release are based upon information available to SEVEN as of the date of the release, and we assume no obligation to update any such forward-looking statements. These statements are not guarantees of future performance and actual results could differ materially from our current expectations. Factors that could cause or contribute to SEVEN's operating and financial results to differ materially from its current expectations or impact the ability of SEVEN to complete its proposed initial public offering include, but are not limited to: failure of network operators to deploy or promote our solution; failure of their customers to subscribe for our services; our ability to successfully transition to a subscription-based revenue model; the continued growth and development of the wireless telecommunications market and demand for our services; market acceptance of our existing or future products or services; our ability to continue to develop and introduce competitive new products and services on a timely basis; introduction of new products or services by major competitors; our ability to attract and retain qualified employees; adverse economic conditions; our ability to control costs; the outcome of pending legal proceedings relating to SEVEN's intellectual property; and other risks and uncertainties detailed in the company's SEC filings. Web site: http://www.seven.com/ Seven Networks, Inc. CONTACT: Investor Relations, Kate O'Sullivan of SEVEN, +1-650-381-2517, or [email protected] |