EXHIBIT 99.1
SUCCESSORIES, INC.
IMPORTANT NOTICE
CONCERNING YOUR RIGHT TO SUBSCRIBE FOR COMMON STOCK
To Holders of Successories Common Stock and Preferred Stock:
Enclosed for your consideration are a Prospectus, dated ______________,
2000, and the Successories, Inc. rights exercise agreement relating to the
offer to purchase a minimum of 2,000,000 shares and a maximum of 2,500,000
shares of common stock, $.01 par value per share, of Successories, Inc. at an
exercise price of $2.00 per share, in cash, pursuant to non-transferable
subscription rights.
As described in the accompanying Prospectus, if, as of ________, 2000,
you held shares of our common or preferred stock, you will receive one
non-transferable right for each share of our common stock, or common stock
equivalent, that you own. Each right entitles you to purchase .3087 shares of
common stock for $2.00 per share. We will only issue whole shares in the
offering, so you will need 3.2394 rights to purchase one share of common
stock. Information on the Federal income tax treatment of the rights and the
common stock purchased pursuant to the exercise of the rights is provided in
the Prospectus.
A separate certificate evidencing the rights will not be delivered.
We anticipate that we will use approximately $3,500,000 of the net
proceeds of this offering to pay down a portion of our outstanding term loan
and revolving credit loan and the remaining funds for working capital.
RIGHTS ARE NON-TRANSFERABLE.
If you wish to exercise your rights and subscribe for common stock, your
executed rights exercise agreement must be received along with the aggregate
payment therefor by Illinois Stock Transfer Company which is acting as the
exercise agent, by 5:00 p.m., New York City time, on August 31, 2000. We may
extend the expiration date upon notice to the exercise agent to a date not
later than September 30, 2000. After this date, rights will no longer be
exercisable to purchase shares of common stock.
ANY QUESTIONS OR REQUESTS FOR ASSISTANCE CONCERNING THE OFFERING SHOULD
BE DIRECTED TO ILLINOIS STOCK TRANSFER COMPANY AS THE EXERCISE AGENT, AT THE
FOLLOWING TELEPHONE NUMBER: (000) 000-0000.
Very truly yours,
Xxxx Xxxxxxxx
President, Chief Executive Officer,
Chief Operating Officer
and Director
Enclosures
