Credentials Services to Sell 1.05 Million Shares

ORANGE —  Consumer credit information services marketer Credentials Services International Inc. said Wednesday that its previously proposed initial public offering of 5.5 million shares of common stock would include only 1.05 million shares sold by the company. The remaining shares would be sold by existing stockholders, and the Orange-based company would not receive proceeds from those sales.

The price range is anticipated to be $14 to $16 per share, the company said. The shares are to be offered by an underwriting group managed by PaineWebber Inc. and Hambrecht & Quist LLC.