Planet Beach Franchising Corporation Files S-1 Registration Statement for Initial Public Offering

Monday, May 24, 2010 General News J E 4

MARRERO, La., May 24 /PRNewswire/ -- Planet Beach Franchising Corporation today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to the proposed initial public offering of 3,750,000 units comprised of one share of common stock and a redeemable warrant to purchase one additional share of common stock.  

C. K. Cooper & Company, Inc. is the lead managing underwriter for the offering.  The estimated initial public offering price of the units is between $4.00 and $4.30 per unit. In connection with the proposed offering, the company intends to grant the underwriters a 30-day option to purchase up to an additional 562,500 units to cover over-allotments, if any.

The registration statement relating to the units has been filed with the SEC, but has not yet become effective. The units may not be sold nor may offers to buy be accepted prior to the time 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 units in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

The offering will be made only by means of a prospectus. A copy of the prospectus relating to the offering may be obtained, when available, from C. K. Cooper & Company, Inc. at 18300 Von Karman Avenue, Suite 700, Irvine, California 92612, Telephone: (888) 477-9301.

About Planet Beach Franchising Corporation

Planet Beach Franchising Corporation is a full-service, automated day spa franchisor.  Its franchise locations offer a variety of spa and related services that are provided through automated equipment, without a therapist or aesthetician, along with an array of skin care, U-V and nutritional products.

Cautionary Notice Regarding Forward-Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties.  Forward-looking statements include Planet Beach Franchising Corporation's plans to sell securities in an initial public offering. Such statements are only predictions and actual results may differ materially from those anticipated in such forward-looking statements. The registration statement related to the offering contains a discussion of the risks and uncertainties that could cause actual results to differ from those anticipated in such forward-looking statements.

SOURCE Planet Beach Franchising Corporation



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