COHR, Inc., of Los Angeles, CA (proposed ticker CHRI) will offer 3,000,000 Common Shares on the NASDAQ-National Market at $8.000 to $10.000 through Needham & Company. The company is a national outsourcing organization providing equipment services, group purchasing and other services and products to hospitals, integrated health systems and alternate site providers. The proceeds from the proposed offering will be used for general corporate purposes, including working capital, possible acquisitions and capital expenditures. After the offering, the company will have 4,112,000 shares outstanding.
Cotelligent Group, Inc., of San Francisco, CA (proposed ticker COTL) will offer 2,370,000 Common Shares on the NASDAQ-National Market at $9.000 to $11.000 through Volpe, Welty & Company. The company is a software professional services firm which provides computer consulting and contract programming services. The proceeds from the proposed offering will be used to pay the cash portion of the purchase price for the founding companies, repay debt and other general corporate purposes. After the offering, the company will have 5,860,000 shares outstanding. Expenses of the offering are expected to be $2,251,000
CyberCash, Inc., of Reston, VA (proposed ticker CYCH) will offer 2,000,000 Common Shares on the NASDAQ-National Market at $15.000 to $17.000 through Hambrecht & Quist Incorporated. The company is a leading developer of software and service solutions for secure, cost effective, convenient and rapid payments over the Internet. The company's system is designed to facilitate Internet commerce by enabling financial transactions.
Cylink Corporation, of Sunnyvale, CA (proposed ticker CYLK) will offer 4,300,000 Common Shares on the NASDAQ-National Market at $8.000 to $10.000 through Piper Jaffray Incorporated. The company is a manufacturer of network information security products that enable secure transmission of data over local area networks. Cylink helps companies protect data they send over private and public computer networks, such as the Internet. The proceeds from the proposed offering will be used for general corporate purposes, including capital expenditures, working capital and possible acquisitions. After the offering, the company will have 23,380,000 shares outstanding. Expenses of the offering are expected to be $800,000
Diacrin, Inc., of Charleston, MA (proposed ticker DCRN) will offer 2,500,000 Common Shares on the NASDAQ-National Market at $14.000 to $16.000 through PaineWebber Incorporated. The company is a developmental stage company that is currently investigating the use of animal cells to treat human diseases.
Dignity Partners, Inc., of San Francisco, CA (proposed ticker DPNR) will offer 2,350,000 Common Shares on the NASDAQ-National Market at $10.000 to $12.000 through Oppenheimer & Company, Inc. The company is a nationwide specialty financial services company that provides viatical settlements for terminally ill persons. A viatical settlement is a payment of cash in return for a ownership interest in, the death benefits from an insurance policy. The proceeds from the proposed offering will be used for the acquisition of life insurance policies, the repayment of debt, payments to affiliates and other general corporate purposes. After the offering, the company will have 4,060,000 shares outstanding. Expenses of the offering are expected to be $750,000
Gensym Corporation, of Cambridge, MA (proposed ticker GNSM) will offer 2,000,000 Common Shares on the NASDAQ-National Market at $9.000 to $11.000 through Hambrecht & Quist Incorporated. The company is a supplier of software products and services for developing and deploying intelligent for industrial, scientific and governmental applications. The proceeds from the proposed offering will be used for working capital and general corporate purposes. After the offering, the company will have 5,850,000 shares outstanding.
Iridex Corporation, of Mountain View, CA (proposed ticker IRIX) will offer 2,550,000 Common Shares on the NASDAQ-National Market at $8.000 to $10.000 through Wessels, Arnold & Henderson. The company is the leading worldwide provider of semi-conductor based laser systems used to treat eye diseases, including the three leading causes of irreversible blindness. The proceeds from the proposed offering will be used for working capital and other general corporate purposes, including the expansion of research and development and sales and marketing activities. After the offering, the company will have 5,942,919 shares outstanding. Expenses of the offering are expected to be $825,000
Landec Corporation, of Menlo Park, CA (proposed ticker LNDC) will offer 2,500,000 Common Shares on the NASDAQ-National Market at $11.000 to $13.000 through Smith Barney Inc. The company designs, develops, manufactures and sells temperature activated polymer products for a variety of industrial, medical and agricultural applications. The proceeds from the proposed offering will be used for research and development, manufacturing expansion, working capital and for general corporate purposes. After the offering, the company will have 9,898,525 shares outstanding.
Lightpath Technologies, Inc., of Tucson, AZ (proposed ticker LPTH) will offer 1,600,000 Common Shares on the NASDAQ-Small Cap Market at $5.000 through D.H. Blair & Co Inc. The company is a development stage enterprise engaged in the research, development and production of gradium lenses, which are glass material capable of reducing optical aberrations inherent in conventional lenses. The proceeds from the proposed offering will be used for research and development, manufacturing and acquisition of production equipment and sales & marketing, and repayment of bridge notes and other general corporate purposes. After the offering, the company will have 2,447,012 shares outstanding. Expenses of the offering are expected to be $800,000
Little Gym International, Inc. The, of Scottsdale, AZ (proposed ticker TGYM) will offer 950,000 Common Shares on the NASDAQ-Small Cap Market at $6.000 to $8.000 through National Securities Corp. The company franchises on a national and international level, The Little Business Gym business, which provides physical fitness and recreational gymnastics and other related programs to children, ages 4 months to 12 years. The proceeds from the proposed offering will be used to repay certain third party and stockholder debt, establish a cooperative advertising program, to develop corporate and franchise marketing material and for working capital and general corporate purposes. After the offering, the company will have 2,688,351 shares outstanding.
NCS Healthcare, Inc., of Beachwood, OH (proposed ticker NCSS) will offer 3,600,000 Class A Common Shares on the NASDAQ-National Market at $13.000 to $15.000 through Smith Barney Inc. The company is an independent provider of pharmacy services to long term care institutions including skilled nursing, assisted living and other health care facilities. The proceeds from the proposed offering will be used to repay debt, working capital and other general corporate purposes, including possible acquisitions.
Neose Technologies, Inc., of Horsham, PA (proposed ticker NTEC) will offer 2,250,000 Common Shares on the NASDAQ-National Market at $12.500 to $14.500 through Smith Barney Inc. The company discovers and develops complex carbohydrates for nutritional and pharmaceutical uses. The proceeds from the proposed offering will be used for research and development activities, capital expenditures, working capital and general corporate purposes. After the offering, the company will have 7,775,696 shares outstanding.
Optical Sensors, Inc., of Minneapolis, MN (proposed ticker OPSI) will offer 2,500,000 Common Shares on the NASDAQ-National Market at $11.000 to $13.000 through Alex. Brown & Sons Incorporated. The company makes a blood monitoring device that would be used in a arterial pressure monitoring line and in a critical care patient monitoring system. The proceeds from the proposed offering will be used to fund marketing and sales effort, to expand its manufacturing capacity, to fund research and for other general corporate purposes. After the offering, the company will have 7,877,836 shares outstanding. Expenses of the offering are expected to be $500,000
Physician Support Systems, Inc., of Mount Joy, PA (proposed ticker PHSS) will offer 3,000,000 Common Shares on the NASDAQ-National Market at $9.000 to $11.000 through Volpe, Welty & Company. The company provides business management services to hospital-affiliated physicians. The proceeds from the proposed offering will be used for possible acquisitions and other general corporate purposes. Expenses of the offering are expected to be $800,000
SCB Computer Technology, Inc., of Memphis, TN (proposed ticker SCBI) will offer 2,170,000 Common Shares on the NASDAQ-National Market at $14.000 to $16.000 through Morgan Keegan & Company, Incorporated. The company provides consulting services, advising clients on the acquisition and strategic use of computer systems. The company also provides computer network management and maintenance services for clients and supplies them with in house support. The proceeds from the proposed offering will be used to finance capital expenditures, repay debt, and meet specific business requirements, such as bolstering its marketing staff and licensing software. After the offering, the company will have 6,810,000 shares outstanding. Expenses of the offering are expected to be $550,000
Ultradata Corporation, of Pleasanton, CA (proposed ticker ULTD) will offer 2,500,000 Common Shares on the NASDAQ-National Market at $9.000 to $11.000 through Salomon Brothers Inc. The company is a supplier of open architecture, on-line information processing systems for credit union and financial services markets such as checking, savings and investment accounts, credit cards, ATM access and consumer lending. The proceeds from the proposed offering will be used for working capital, repayment of debt and for general corporate purposes including potential acquisitions. After the offering, the company will have 7,390,000 shares outstanding. Expenses of the offering are expected to be $850,000
VitalCom, Inc., of Tustin, CA (proposed ticker VCOM) will offer 1,750,000 Common Shares on the NASDAQ-National Market at $9.500 to $11.500 through Wessels, Arnold & Henderson. The company provides communication networks that acquire, interpret and distribute real-time physiologic data generated by point of care patient monitors in healthcare facilities. Proceeds from the proposed offering will be used for repayment of long term debt, working capital and for general corporate purposes, including the expansion of its direct sales force and increased investments in research and development. After the offering, the company will have 7,325,623 shares outstanding. Expenses of the offering are expected to be $825,000
XeTel Corporation, of Austin, TX (proposed ticker XTEL) will offer 2,700,000 Common Shares on the NASDAQ-National Market at $9.000 to $11.000 through Prudential Securities Incorporated. The company provides advanced design and prototype services, manufactures sophisticated surface mount assemblies and supplies turnkey solutions to original equipment manufacturers primarily in the telecommunications, networking and computer industries. The proceeds from the proposed offering will be used to repay debt to a shareholder, for working capital and other general corporate purposes including acquisition of businesses and technologies. After the offering, the company will have 8,423,043 shares outstanding. Expenses of the offering are expected to be $650,000
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