VLCM Valcom (MM)

Volcom, Inc. (NASDAQ:VLCM) today announced the close of its initial public offering of 4,687,500 shares of common stock at a price of $19.00 per share and the simultaneous close of the underwriters' over-allotment option to purchase an additional 703,125 shares of common stock at the initial public offering price. Volcom sold 4,187,500 shares in the offering and 453,125 shares pursuant to the underwriters' over-allotment option. Certain selling stockholders of Volcom sold the remaining 500,000 shares in the offering and 250,000 shares pursuant to the underwriters' over-allotment option. The shares are quoted on the NASDAQ Stock Market's National Market under the symbol "VLCM." The underwriters of the offering were Wachovia Capital Markets, LLC, D.A. Davidson & Co. and Piper Jaffray & Co. The offering of the securities is made only by means of a final prospectus, copies of which may be obtained from Wachovia Capital Markets, Attn: Equity Capital Markets, 7 St. Paul Street, Baltimore, Maryland 21202, from D.A. Davidson & Co., Equity Capital Markets, Two Centerpointe Drive, Suite 400, Lake Oswego, Oregon 97035-8629, or from Piper Jaffray & Co., 800 Nicollet Mall, Suite 800, Attn: Equity Capital Markets, Minneapolis, Minnesota 55402. A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on June 29, 2005. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.