BOSTON, November 8, 2011 /PRNewswire/ --
Allot Communications Ltd. (NASDAQ: ALLT) today announced that
the Company is offering for sale 5,000,000 ordinary shares of the
Company in an underwritten public offering. The Company has
also granted the underwriters a 30-day option to purchase up to
750,000 additional ordinary shares to cover any over-allotments.
The Company intends to use the net proceeds from the offering
for general corporate purposes, including working capital and
potential acquisitions.
BofA Merrill Lynch, Jefferies & Company, Inc. and RBC
Capital Markets, LLC will act as joint book-running managers,
Oppenheimer & Co. Inc. will act as lead manager and Wunderlich
Securities, Inc. will act as co-manager.
A shelf registration statement (including a prospectus) relating
to these securities was filed by the Company and declared effective
on January 7, 2011 by the Securities
and Exchange Commission (the "SEC"). A copy of the prospectus
supplement and base prospectus relating to the offering may be
obtained by contacting: BofA Merrill Lynch, 4 World Financial
Center, New York, NY 10080, Attn:
Prospectus Department or e-mail dg.prospectus_requests@baml.com.
Before you invest, you should read these documents and other
documents filed by the Company with the SEC for more complete
information. You may obtain these documents free of charge by
visiting the SEC's website at http://www.sec.gov.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation, or sale would be unlawful under the securities laws
of any such state or jurisdiction.
About Allot Communications
Allot Communications Ltd. (NASDAQ: ALLT) is a leading provider
of intelligent IP service optimization and revenue generation
solutions for fixed and mobile service providers. Allot's
scalable, carrier-grade solutions provide the visibility, topology
awareness, security, application control and subscriber management
that are vital to managing Internet service delivery, enhancing
user experience, containing operating costs, and maximizing revenue
in broadband networks. Allot's rich portfolio of solutions
leverages dynamic actionable recognition technology (DART) to
transform broadband pipes into smart networks that can rapidly and
efficiently deploy value added Internet services.
Safe Harbor Statement
Information provided in this press
release may contain statements relating to current expectations,
estimates, forecasts and projections about future events that are
"forward-looking statements" as defined in the Private Securities
Litigation Reform Act of 1995. These forward-looking statements
generally relate to the Company's plans, objectives and
expectations for future operations. These forward-looking
statements are based upon management's current estimates and
projections of future results or trends. Actual results may differ
materially from those projected as a result of certain risks and
uncertainties. These factors include, but are not limited to:
changes in general economic and business conditions; our ability to
develop and introduce new, or to expand our existing, technologies,
products and applications; the loss of a significant customer;
government regulation of the telecommunications industry that
adversely impacts our market; and other factors discussed under the
heading "Risk Factors" in the Company's annual report on Form 20-F
and in the prospectus supplement, each filed with the
Securities and Exchange Commission. These forward-looking
statements are made only as of the date hereof, and the Company
undertakes no obligation to update or revise the forward-looking
statements, whether as a result of new information, future events
or otherwise.
INVESTOR RELATIONS CONTACT
Jay
Kalish
Executive Director Investor Relations
International access code +972-54-221-1365
jkalish@allot.com
SOURCE Allot Communications Ltd.