SOURCE: ShopNBC

ShopNBC

December 16, 2010 16:17 ET

ValueVision Media Announces Public Offering of Common Stock

MINNEAPOLIS, MN--(Marketwire - December 16, 2010) - ValueVision Media, Inc. (NASDAQ: VVTV), a premium interactive retailer via TV, online and mobile operating under the "ShopNBC" brand, today announced that it intends to offer shares of its common stock in an underwritten public offering pursuant to an effective shelf registration statement. Piper Jaffray & Co. is acting as sole underwriter in the offering.

The offering is being conducted pursuant to an effective shelf registration statement on file with the Securities and Exchange Commission. A prospectus supplement relating to the offering will be filed with the Securities and Exchange Commission. When available, copies of the prospectus supplement and the base prospectus relating to the offering may be obtained from Piper Jaffray & Co. at 800 Nicollet Mall, Suite 800, Minneapolis, Minnesota 55402, or by calling 1-800-747-3924.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company, and there shall not be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

About ValueVision Media/ShopNBC
ValueVision Media, Inc. (NASDAQ: VVTV) is an interactive retailer reaching customers via TV, online and mobile, utilizing the ShopNBC brand. The ShopNBC Network broadcasts nationwide into over 76 million homes. Over 1.1 million active customers have utilized ShopNBC as a destination in the categories of home, electronics, beauty, health, fitness, fashion, jewelry and watches. As part of the Company's "ShopNBC Anywhere" initiative, customers can interact and shop via cable and satellite TV, mobile devices and online at www.ShopNBC.com and www.ShopNBC.tv and social networking sites. For more information, please visit www.ShopNBC.com/IR.

Forward-Looking Information
This release contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's expectations regarding the completion and anticipated proceeds of the public offering. These statements are based on management's current expectations and accordingly are subject to uncertainty and changes in circumstances. Actual results and the timing of events may vary materially from those expressed or implied by such forward-looking statements due to various important factors, including, without limitation, risks and uncertainties related to the Company's business and the satisfaction of the conditions of the closing of the public offering. More detailed information about those factors is set forth in the Company's filings with the Securities and Exchange Commission, including the Company's annual report on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K. The Company is under no obligation (and expressly disclaims any such obligation) to update or alter its forward-looking statements whether as a result of new information, future events or otherwise.

Contact Information

  • Contact Information:
    Investor/Media Relations
    Anthony Giombetti
    agiombetti@shopnbc.com
    612-308-1190

    Investor Relations
    Norberto Aja & David Collins
    vvtv@jcir.com
    212-835-8500