Graphix Zone Plans to Raise Up to $3.75 Million in a Public Offering

The Graphix Zone, a multimedia products and services company, said it plans to raise up to $3.75 million in an initial public offering.

Charles Cortright, chief executive, said the 5-year-old company filed a registration statement for the offering this week with the Securities and Exchange Commission.

The company will offer 1 million shares of stock at $3.25 to $3.75 a share. Other shareholders will sell 100,000 shares. Irvine-based Cruttenden & Co., an investment bank, will underwrite the offering. The company, founded five years ago, develops computer compact disks, which are becoming the media of choice for storing multimedia software. The company also offers desktop publishing and computer special effects services.