Pipeline of IPO's expected to be priced the Week of March 24, 1997

On January 24, 1997, AHL Services, Inc. of Atlanta, GA (proposed ticker AHLS) filed to offer 2,250,000 Common Shares on the NASDAQ-National Market at $12.500 to $14.500 through Alex. Brown & Sons Incorporated. The company provides contract staffing and management of its clients' labor-intensive, task-repetitive support functions on an outsourced basis throughout the United States and Europe. The proceeds from the proposed offering will be used to repay outstanding indebtedness, finance enhancements to the company's management information systems, repurchase an outstanding warrant and for general corporate purposes including working capital. After the offering, the company will have 10,603,430 shares outstanding. Expenses of the offering are expected to be $600,000.

On February 04, 1997, Alternative Distribution Systems, Inc. of Homewood, IL (proposed ticker ADSX) filed to offer 1,600,000 Common Shares on the NASDAQ-National Market at $10.000 to $12.000 through William Blair & Company. The company believes it is the leading national provider to the metals industry of fully integrated distribution services, including transportation, warehousing and third-party logistics services. The proceeds from the proposed offering will be used for repayment of outstanding indebtedness, to fund a capital distribution, to the company's current stockholders, and other general corporate purposes. After the offering, the company will have 4,949,000 shares outstanding. Expenses of the offering are expected to be $500,000.

On November 13, 1996, Asia Pacific Wire & Cable Corp. Ltd of JurongTown, Singapore (proposed ticker AWC) filed to offer 3,666,667 Common Shares on the New York Stock Exchange at $14.000 to $16.000 through BT Securities Corporation. The company makes and distributes telecommunications and power cable and enamaled wire products in the Asia-Pacific region, primarily in Singapore and Thailand. The proceeds from the proposed offering will be used for general corporate purposes.

On January 31, 1997, Auto-By-Tel Corporation of Irvine, CA (proposed ticker ABTL) filed to offer 4,000,000 Common Shares on the NASDAQ-National Market at $9.500 to $11.000 through Montgomery Securities. The company is establishing a nationally branded Internet based marketing service for new and used vehicle purchasing and related consumer services. The proceeds from the proposed offering will be used for working capital and for general corporate purposes.

On January 31, 1997, Bea Systems, Inc. of Sunnyvale, CA (proposed ticker BEAS) filed to offer Common Shares on the NASDAQ-National Market through Goldman, Sachs & Co. The company designs, develops, markets and supports software used by large organizations to enable and support their most critical business processes. The proceeds from the proposed offering will be used for repayment of certain borrowings under a credit line and payment of certain obligations incurred in connection with the Acquisitions, and for working capital and general corporate purposes and possible acquisitions.

On December 17, 1996, Chicago Bridge & Iron Company N.V. of Amsterdam, Netherlands (proposed ticker CBI) filed to offer 10,500,000 Common Shares on the New York Stock Exchange at $20.000 to $23.000 through CS First Boston. The company believes it's the leading provider of field erected steel tanks & other steel plate structures, associated systems and related services in North America and one of the leading providers of these specialized products and services in the world. The proceeds from the proposed offering will be distributed to selling shareholders.

On September 12, 1996, Commodore Separation Technologies, Inc. of New York, NY (proposed ticker CXO) filed to offer 1,500,000 Common Shares on the American Stock Exchange at $6.000 to $8.000 through National Securities Corp. Commodore Separation Technologies, Inc. is a process technology company which has developed and intends to commercialize its separation technology and recovery system, known as CST. The proceeds from the proposed offering will be used to purchase its initial CST inventory; conduct ongoing development; acquire manufacturing equipment; establish its Atlanta facility; fund proposed collaborative arrangements; and for working capital and general corporate purposes. After the offering, the company will have 20,000,000 shares outstanding. Expenses of the offering are expected to be $375,000.

On April 22, 1996, e-Net, Inc. of Gaithersburg, MD (proposed ticker ETEL) filed to offer 1,500,000 Common Shares on the NASDAQ-Small Cap Market at $5.000 through Barron Chase Securities, Inc. The company develops, markets and supports open client, server and integrated applications software that enables local, national and international telephone communications, information exchange and commerce over the Internet and private Internet Protocol. The proceeds from the proposed offering will be used for administrative expenses, operating and working capital, including software support and development, capital equipment, marketing and sales, mergers and acquisitions and the repayment of debt. After the offering, the company will have 10,500,000 shares outstanding. Expenses of the offering are expected to be $1,000,000.

On October 29, 1996, Genisys Reservation Systems Inc. of Union, NJ (proposed ticker GENS) filed to offer 800,000 Common Shares on the NASDAQ-National Market at $5.000 through R.D. White & Co., Inc. The company is developing a computerized limousine reservation and payment system for the business traveler. The proceeds from the proposed offering will be used for general corporate purposes. After the offering, the company will have 3,634,866 shares outstanding.

On January 24, 1997, Hamilton Bancorp Inc. of Miami, FL (proposed ticker HBCP) filed to offer 2,000,000 Common Shares on the NASDAQ-National Market at $14.000 to $16.000 through Oppenheimer & Company, Inc. The company through its subsidiary Hamilton Bank, N.A., is engaged in providing global trade finance, with particular emphasis on trade with and between South America, Central America, the Caribbean and the United States or otherwise involving the Region. The proceeds from the proposed offering will be used as a contribution to the capital of the Bank to support future growth in its trade finance business and for general corporate purposes. After the offering, the company will have 9,067,925 shares outstanding.

On December 23, 1996, IAT Multimedia, Inc. of Vogelsang-Turgi, Switzerland (proposed ticker IATA) filed to offer 3,100,000 Common Shares on the NASDAQ-National Market at $6.250 to $6.500 through Royce Investment Group, Inc. The company develops, manufactures and markets customizable high quality visual communications systems for use in desktop computers which permit users to hold multipoint video conferences in two or more locations. The proceeds from the proposed offering will be used for research and development, repayment of loans made by a stockholder of the company, for payment of a dividend on the Series A Preferred Stock to General Capital pursuant to the provisions of the Marketing Agreement, for working capital and general corporate purposes including increases in sales staff and expansion in the United States and possible participations and acquisitions. After the offering, the company will have 9,350,000 shares outstanding.

On March 03, 1997, International Business Systems AB of Solna, Sweden (proposed ticker IBSBY) filed to offer 6,636,055 American Depositary Receipts on the NASDAQ-National Market at $9.350 through CS First Boston. The company is a provider of client/server enterprise resource planning solutions for managing the distribution, manufacturing, logistics and financial operations of distribution and manufacturing companies worldwide. The proceeds from the proposed offering will be used for the repayment of debt, for the expansion of sales, service and marketing organization and for general corporate purposes. After the offering, the company will have 15,121,020 shares outstanding.

On February 11, 1997, Logitech International SA of Apples, Switzerland (proposed ticker LOGIY) filed to offer 2,700,000 American Depositary Receipts on the NASDAQ-National Market at $18.500 through Robertson, Stephens & Company. The company is a leading designer, manufacturer and marketer of a broad range of computer control devices, including mice, trackballs, touchpads, joysticks and remote controls. The proceeds from the proposed offering will be used to repay outstanding indebtedness under existing credit lines, for general corporate purposes such as working capital, capital expenditures, and possible acquisitions. After the offering, the company will have 18,373,120 shares outstanding.

On January 23, 1997, New Era of Networks, Inc. of Englewood, CO (proposed ticker NEON) filed to offer 3,300,000 Common Shares on the NASDAQ-National Market at $7.000 to $9.000 through UBS Securities Inc. The proceeds from the proposed offering will be used for general corporate purposes including working capital and the repayment of debt. After the offering, the company will have 12,000,000 shares outstanding.

On January 29, 1997, Objective Communications, Inc. of Chantilly, VA (proposed ticker OCOM) filed to offer 1,800,000 Common Shares on the NASDAQ-Small Cap Market at $5.000 to $6.000 through Barington Capital Group, L.P. The company has developed a proprietary video communications system, the VidPhone (r) system, which is an integrated hardware and software system that provides video distributed and stereo audio transmission using the existing telephone wiring. The proceeds from the proposed offering will be used to fund product development efforts, to repay debt, to fund sales and marketing efforts, for capital expenditures, for facilities expansion and for working capital and for general corporate purposes. After the offering, the company will have 4,361,844 shares outstanding. Expenses of the offering are expected to be $1,832,000.

On February 10, 1997, Peregrine Systems, Inc. of San Diego, CA (proposed ticker PRGN) filed to offer 3,000,000 Common Shares on the NASDAQ-National Market at $10.000 to $12.000 through UBS Securities Inc. The company is a leading provider of Enterprise Service Desk software. The company develops, markets and supports SERVICECENTER, an integrated suite of applications that automates the management of complex, information technology infrastructure. The proceeds from the proposed offering will be used for working capital and other general corporate purposes including repayment of bank debt.. After the offering, the company will have 15,019,019 shares outstanding. Expenses of the offering are expected to be $650,000.

On January 28, 1997, Triton Systems, Inc. of Long Beach, MS (proposed ticker TRTN) filed to offer 4,200,000 Common Shares on the NASDAQ-National Market at $11.000 to $13.000 through Montgomery Securities. The company is a leading manufacturer and marketer of automated teller machines in the United States. The proceeds from the proposed offering will be used to repay indebtedness and for working capital and for general corporate purposes. After the offering, the company will have 16,158,288 shares outstanding. Expenses of the offering are expected to be $600,000.

On November 22, 1996, Virologix Corporation of New York, NY filed to offer 1,150,000 Common Shares on the NASDAQ-Small Cap Market at $6.000 through Rickel & Associates, Inc. The company is a development stage, biopharmaceutical company engaged in the research and development of vaccines and therapeutics for viral diseases. The proceeds from the proposed offering will be used to repay short-term indebtedness incurred in the Bridge Financing and research and development activities, and the balance used for working capital and general corporate purposes. After the offering, the company will have 3,535,000 shares outstanding. Expenses of the offering are expected to be $250,000.

Last updated: 3/23/97

Disclaimer: The information herein was obtained from various sources; IPO Data Systems, Inc. does not guarantee its accuracy. The information provided does not constitute a buy or sell recommendation.