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Press Release
Crosstex Energy Inc. Shares of Common Stock Begin Trading On Nasdaq

DALLAS--(BUSINESS WIRE)--Jan. 12, 2004--Crosstex Energy Inc. (NasdaqNM:XTXI) today announced it had priced the initial public offering of 2,306,000 shares of its common stock at a price of $19.50 per share. All of the 2,306,000 shares of common stock to be sold in the initial public offering will be offered by certain existing stockholders of Crosstex Energy Inc. Crosstex will not receive any proceeds from the sale of the shares of common stock by any selling stockholder.

The shares of common stock are scheduled to begin trading on Tuesday, Jan. 13 on the Nasdaq National Market under the symbol "XTXI." The transaction is scheduled to close on Friday, Jan. 16, 2004.

A.G. Edwards & Sons Inc. acted as lead manager and Raymond James and RBC Capital Markets acted as co-managers. Crosstex has granted the underwriters a 30-day option to purchase up to 345,900 additional shares of common stock to cover over-allotments, if any, the proceeds of which would go to Crosstex.

Crosstex Energy Inc. owns and controls the general partner of Crosstex Energy, L.P. (NasdaqNM:XTEX), a publicly-traded limited partnership engaged in the gathering, transmission, treating, processing and marketing of natural gas, and a 54.3% limited partner interest in Crosstex Energy, L.P.

This press release is not an offer to sell, nor the solicitation of an offer to buy, any securities. Any offer will be made by means of a prospectus. A copy of the prospectus can be obtained from A.G. Edwards & Sons at: One North Jefferson, St. Louis, Missouri, 63103, telephone number 314-955-3000.

This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts included or incorporated herein may constitute forward-looking statements. Although Crosstex believes that the expectations reflected in the forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct.

    CONTACT: Crosstex Energy Inc.
             Barry E. Davis or William W. Davis, 214-953-9500

    SOURCE: Crosstex Energy Inc.