Sierra On-Line, Inc. Announces It's Initial Public Offering of Common Stock

On October 6, 1988, Sierra On-Line, Inc., a developer and publisher of entertainment software products, announced it's initial public offering of 1,400,000 shares of Common Stock. The offering price was $9.00 per share. Of the total, 980,000 shares were sold by the Company and 420,000 shares were sold by selling stockholders. The company intends to use the net proceeds as needed, for general purposes, including working capital and product development, and for possible acquisitions of businesses that would complement the Company's business.

Sierra develops and publishes premium-priced interactive animated adventures, simulations, and other microcomputer entertainment software products for the high end of the consumer market. The Company's products feature high-quality graphics, music and sound effects that are designed primarily for IBM PCs, IBM PC-compatibles, and computers manufacted by Apple Computer, Inc. Final prospectuses may be obtained from Piper, Jaffray and Hopwood, Incorporated, 222 South 9th Street, Minneapolis, Minnesota 55402 and Oppenheimer & Co., Inc., 2029 Centure Park East, Suite 3550, Los Angeles, California, 90067.

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