Short Take: Internet Ventures begins stock sale

Internet Ventures has begun direct sales of $5,000,000 in common stock, and is offering shares via its Web site and Direct Stock Market. The offering is for 454,545 shares at a price of $11 per share, and will leave Internet Ventures with approximately 3.2 million shares outstanding. The company intends to use the proceeds to finance its new state-of-the-art PeRKInet turnkey Internet access service, which provide service at speeds of up to 256 kbps for residential customers.

Oct. 20, 1997 11:25 a.m. PT

Internet Ventures has begun direct sales of $5,000,000 in common stock, and is offering shares via its and Direct Stock Market. The offering is for 454,545 shares at a price of $11 per share, and will leave Internet Ventures with approximately 3.2 million shares outstanding. The company intends to use the proceeds to finance its new state-of-the-art PeRKInet turnkey Internet access service, which provide service at speeds of up to 256 kbps for residential customers.