Pro-Bel signal intention to launch Initial Public Offering later in year

At NAB 2006, Pro-Bel, the premier manufacturer and supplier of routing switchers, signal processing, master control, automation, control and monitoring technologies, announced that advisors have been appointed to plan an Initial Public Offering (IPO) of shares in Q4 of 2006.
The Chief Executive of Pro-Bel Graham Pitman said: “Pro-Bel has demonstrated very high levels of organic growth over the last three years, virtually doubling our revenue. Last year’s acquisition of Vistek has already been a great success and our technological choices are meeting with firm market approval.
“We have one of the best operating profits in the segment and this year we anticipate revenue to grow to around $60 million. We have always been an innovative company and our customers are excited about our vision of the future. We believe an IPO is the most effective means of enabling us to pursue that vision.”
(SP)