ADVISORS, INC. FILES FOR PUBLIC OFFERING OF COMMON STOCK
CA - July 25, 2005 - Hennessy Advisors, Inc. announced today that
it has filed a registration statement with the Securities and Exchange
Commission for a public offering of common stock of the company.
The proposed offering relates to shares to be sold by the company
and by selling stockholders. The company is applying to list its
common stock on the NASDAQ National Market under the symbol HNNA.
Edwards & Sons, Inc. will act as lead manager of the offering.
The public offering will be made only by means of a prospectus that,
when available, may be obtained by contacting A.G. Edwards &
Sons, Inc., by mail at One North Jefferson, St. Louis, MO 63103,
or by telephone at (314) 955-3000.
Advisors, Inc. is a publicly traded investment management firm whose
principal business activity is managing, servicing and marketing
its six open-end mutual funds. All of its funds are no-load and
are managed using time-tested, quantitative stock selection formulas.
Headquartered in Novato, CA, Hennessy Advisors, Inc. manages approximately
$1.7 billion in mutual fund assets.
A registration statement relating to these shares has been filed
with the Securities and Exchange Commission but has not yet become
effective. The shares may not be sold, nor may offers to buy be
accepted, prior to the time that the registration statement becomes
effective. This press release shall not constitute an offer to sell
or the solicitation of an offer to buy, nor shall there be any sale
of the shares in any state in which such offer, solicitation or
sale would be unlawful prior to the registration or qualification
under the securities laws of any such state.
Nothing in this section shall be considered a solicitation to buy
or an offer to sell a security to any person in any jurisdiction
where such offer, solicitation, purchase or sale would be unlawful
under the securities laws of such jurisdiction.