Vu1 reports plans to sell its common shares through public offering

Proceeds of underwritten offering used for general corporate purposes

By Devika Patel

Knoxville, Tenn., Oct. 19 - Vu1 Corp. plans to conduct a public offering of common stock, according to a Form S-1 filed Wednesday with the Securities and Exchange Commission. The underwriter has a 45-day greenshoe option.

Proceeds will be used to purchase and maintain initial levels of inventory of the company's ESL lighting products, to acquire specialized production tooling required by its product manufacturer and additional machinery needed for its assembly lines, to expand sales, marketing and distribution efforts and for working capital and general corporate purposes.

New York-based Vu1 is focused on developing and selling a line of mercury-free, energy-efficient light bulbs based on its proprietary light-emitting technology.

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