EXHIBIT 99.1
FOR IMMEDIATE RELEASE
COMMUNICATION INTELLIGENCE CORPORATION
275 Shoreline Drive, Suite 500 CONTACT
Redwood Shores, CA 94065 Maurice Boucher
Telephone: 650-802-7888 Investor Relations
Fax: 650-802-7777 Tel: 650-631-7888
http://www.cic.com mboucher@cic.com
REGISTRATION STATEMENT DECLARED EFFECTIVE
REDWOOD SHORES, CA, JANUARY 27, 1998 -- (Nasdaq: CICI) Communication
Intelligence Corporation (CIC) announced today that its registration statement
relating to the offer and sale by selling securityholders of its shares of
Common Stock issuable upon conversion of the Company's Series B Convertible
Preferred Stock was declared effective recently by the Securities and Exchange
Commission.
As previously reported, in November 1997, the Company consummated a private
placement of 240,000 shares of Series B Preferred and received $6.0 million
in gross cash proceeds therefrom. Pursuant to the terms of contractual
arrangements entered into between the Company and the purchasers in the
private placement, the Company agreed to register for sale the shares of
Common Stock issuable upon conversion of, or otherwise in respect to, the
Series B Preferred. The total number of shares of Common Stock included in
the registration statement was estimated to be 4,687,500 shares as of the
filing date (January 7, 1998), assuming all of the 240,000 shares of Series B
Preferred were converted on January 5, 1998. The Company will not receive
any proceeds from the sale of the Common Stock issuable upon conversion of
the Series B Preferred.
This press release does not constitute an offer to sell or a solicitation of an
offer to buy nor shall there be any sale of the Company's capital stock in any
state in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of such state. Copies
of the Company's registration statement may be inspected and copied at the
public reference section of the Securities and Exchange Commission at 450 Fifth
Street, N.W., Washington, D.C. 20549, Room 1024, and can also be obtained by
mail at prescribed rates from the public reference section of the Commission at
the same address.
THE COMPANY
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COMMUNICATION INTELLIGENCE CORPORATION develops, markets, and licenses natural
input computer technologies and products that use pen and image for input.
Founded in 1981, CIC is a leading supplier of pen computing software products to
hardware manufacturers throughout the world. The Company's products include the
multilingual Handwriter-Registered Trademark- Recognition System and
SigCheck-TM- dynamic signature verification software, and the PenDOS-Registered
Trademark- and PenMac-Registered Trademark- pen operating environments. CIC
markets software tools such as InkTools-TM- and Sign-it-TM- which allow
signature capture and verification within computer applications. CIC also
markets the Handwriter-Registered Trademark- for Windows-Registered Trademark-,
a peripheral input device product enabling users to have pen computing
capabilities on their desktop and laptop personal computers.
CIC is headquartered in Redwood Shores, California, and has a subsidiary in
China. CIC's stock is publicly traded on Nasdaq, symbol CICI.
Note: Company and product names used herein are trademarks or registered
trademarks of their respective companies. Microsoft and Windows are either
registered trademarks or trademarks for Microsoft Corporation in the US and/or
other countries.
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