Netgateway Files Statement for Public Offering

Netgateway Inc., an e-commerce systems provider based in Long Beach, CA, has filed a registration statement with the Securities and Exchange Commission to sell 2.5 million shares of common stock. The offering will be underwritten by Cruttenden Roth Inc..

The statement reportedly had not yet become effective at deadline. Netgateway warned these securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.