IPO Filings for the Week of March 03, 1997

On March 03, 1997, Alpha Resources, Inc. of Clearwater, FL filed to offer 10,000 Common Shares on the None at $6.000 through Greenway Capital Corp. The company was organized as a Delaware corporation on January 13, 1997. Since inception, the company's activities have been limited to the sale of initial shares in connection with its organization and the preparation of this offering. The proceeds from the proposed offering will be used for general corporate purposes. Expenses of the offering are expected to be $14,400.

On March 07, 1997, American Tower Corporation of Houston, TX (proposed ticker ATWR) filed to offer Common Shares on the NASDAQ-National Market through Montgomery Securities. The company is a leading independent owner and operator of wireless communications towers with nearly 600 towers on 550 sites in 30 states. The proceeds from the proposed offering will be used to repay Subordinated Debt, redeem Preferred Stock, repay a portion of the outstnading indebtedness under the company's bank credit facility.

On March 05, 1997, Apple Orthodontix, Inc. of Houston, TX filed to offer 2,083,333 Class A Common Shares on the NASDAQ-National Market at $11.000 to $13.000. The company was founded in July 1996 to provide practice management services to orthodontic practices in the United States and Canada. The proceeds from the proposed offering will be used to fund the cash portion of the purchase price for the assets of the Founding Affiliated Practices, to repay indebtedness and for general corporate purposes which are expected to include future acquisitions, the development of satellite offices and future capital expenditures.. After the offering, the company will have 8,333,333 shares outstanding.

On March 06, 1997, Aspec Technology, Inc. of Sunnyvale, CA (proposed ticker ASPC) filed to offer 4,000,000 Common Shares on the NASDAQ-National Market at $10.000 to $12.000 through Alex. Brown & Sons Incorporated. The company is a leading provider of commercially available design implementation technology solutions for integrated circuit design. The proceeds from the proposed offering will be used for redemption of Series A Preferred Stock and general corporate purposes including working capital. After the offering, the company will have 26,720,234 shares outstanding. Expenses of the offering are expected to be $900,000.

On March 05, 1997, Blazer Energy Corporation of Houston, TX filed to offer 3,100,000 Common Shares on the New York Stock Exchange through Merrill Lynch & Co. The company is an independent energy company engaged in the exploration for and the development, production, acquisition and marketing of natural gas and oil in the United States and in Nigeria. The proceeds from the proposed offering will be used to pay the cash portion of previously declared dividends to Ashland Oil. After the offering, the company will have 17,500,000 shares outstanding.

On March 03, 1997, Carey International, Inc. of Washington, DC (proposed ticker CARY) filed to offer 2,900,000 Common Shares on the NASDAQ-National Market at $11.000 to $13.000 through Montgomery Securities. The company is one of the world's largest chauffeured vehicle service companies, providing services through a worldwide network of owned and operated companies, licensees and affiliates servings 420 cities in 65 countries. The proceeds from the proposed offering will be used to repay certain indebtedness, redeem certain shares of Preferred stock, pay the cash portions of the purchase price for Manhattan Limousine, fund other acquisitions and for general corporate purposes including working capital. After the offering, the company will have 6,315,844 shares outstanding. Expenses of the offering are expected to be $1,200,000.

On March 04, 1997, Colorbus, Inc. of Irvine, CA (proposed ticker CBUS) filed to offer Common Shares on the NASDAQ-National Market through Prudential Securities Incorporated. The company develops and markets network print servers which enable the printing of high resolution color images from various digital color copiers and large format printers. The proceeds from the proposed offering will be used for repayment of indebtedness, for general corporate purposes and working capital and for potential acquisitions of related technologies and businesses.

On March 03, 1997, Cresud Sacifya S.A. of Buenos Aires, Argentina filed to offer 5,400,000 American Depositary Receipts on the NASDAQ-National Market through Merrill Lynch & Co. The company is an Argentine farm company. The company cultivates cash grains including wheat, corn, soybeans and sunflowers, beef cattle and diary cattle. The proceeds from the proposed offering will be used to acquire farmland and cattle and for general corporate purposes.

On March 07, 1997, FirstSpartan Financial Corp. of Spartanburg, SC filed to offer 3,852,500 Common Shares on the NASDAQ-National Market at $20.000 through Trident Securities, Inc. The Holding Company was organized on February 4, 1997 under Delaware law at the direction of the Association to acquire all of the capital stock that the Association will issue upon its conversion from the mutual to stock form of ownership. The proceeds from the proposed offering will be used for general corporate purposes.

On March 07, 1997, General Cable Corporation of Highland Heights, KY (proposed ticker GCN) filed to offer 16,900,000 Common Shares on the NASDAQ-National Market at $21.000 to $24.000 through Dillon, Read & Co. Inc. The company is a leader in the development, design, manufacture, marketing and distribution of copper wire and cable products for the communications and electrical markets. The proceeds from the proposed offering will be used distributed to selling shareholders. After the offering, the company will have 24,500,000 shares outstanding.

On March 05, 1997, Great Plains Software, Inc. of Fargo, ND (proposed ticker GPSI) filed to offer 3,000,000 Common Shares on the NASDAQ-National Market at $11.000 to $13.000 through Goldman, Sachs & Co. The company is a leading provider of Microsoft Windows NT client/server financial management software for mid-sized businesses. The proceeds from the proposed offering will be used for general corporate purposes including working capital, product development, capital expenditures and possible acquisitions. After the offering, the company will have 12,769,604 shares outstanding. Expenses of the offering are expected to be $480,000.

On March 06, 1997, Information Management Associates, Inc. of Shelton, CT (proposed ticker IMAA) filed to offer 4,500,000 Common Shares on the NASDAQ-National Market at $11.000 to $13.000 through Alex. Brown & Sons Incorporated. The company develops, markets and supports customer interaction software designed to increase the productivity and revenue-generating capabilities of mid-size to large-scale telephone call centers. The proceeds from the proposed offering will be used for repayment of indebtedness, working capital and other general corporate purposes. After the offering, the company will have 8,900,538 shares outstanding. Expenses of the offering are expected to be $1,000,000.

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 March 05, 1997, IWL Communications, Inc. of Houston, TX (proposed ticker IWLC) filed to offer 1,250,000 Common Shares on the NASDAQ-National Market at $7.500 to $8.500 through Cruttenden Roth Incorporated. The company provides advanced communications solutions to customers with operations in remote, difficult-access regions and in areas around the world where government deregulation has created new market opportunities. The proceeds from the proposed offering will be used to acquire equipment for the continued development of communications infrastructure, to repay a capitalized lease and for working capital and general corporate purposes. After the offering, the company will have 3,477,816 shares outstanding.

On March 07, 1997, Jaymark, Inc. of San Diego, CA (proposed ticker JMRK) filed to offer 1,300,000 Common Shares on the NASDAQ-National Market at $12.000 to $14.000 through Brean, Murray, Foster & Company. The company provides advanced technology products and services to the Department of Defense and other government agencies, and commercializes selected government funded technologies following a discipline evaluation of market size and profitability. The proceeds from the proposed offering will be used for general corporate purposes including product development, working capital and potential acquisitions, for repayment of indebtedness outstnading under the company's bank line of credit, and to finance the company's repurchase of 120,000 common shares. After the offering, the company will have 1,648,309 shares outstanding.

On March 06, 1997, Melita International Corporation of Norcross, GA (proposed ticker MELI) filed to offer 3,500,000 Common Shares on the NASDAQ-National Market at $8.000 to $10.000 through Montgomery Securities. The company is a leading provider of customer contact and call management systems that enable businesses to automate call center activities and enhance their telephony-based customer interaction. The proceeds from the proposed offering will be used for the repayment of notes payable to the company's principal shareholder, payment of undistributed S Corporation earnings and general corporate purposes and working capital. After the offering, the company will have 14,643,395 shares outstanding.

On March 05, 1997, On' Village Communications, Inc. of Los Angeles, CA (proposed ticker ONVCW) filed to offer 1,300,000 Class A Common Shares on the NASDAQ-Small Cap Market at $5.000 through D.H. Blair & Co Inc. The company is a development stage company engaged in the development, publishing and marketing of World Wide Web-based services designed to help users access information on the Internet. The proceeds from the proposed offering will be used for repayment of the principal amount of 10% Promissory Notes issued in the bridge financing, selling expenses, advertising, promotion and marketing activities, license fees and working capital. After the offering, the company will have 2,499,996 shares outstanding. Expenses of the offering are expected to be $650,000.

On March 07, 1997, Organic Food Products, Inc. of Morgan Hill, CA (proposed ticker OFPI) filed to offer 1,200,000 Common Shares on the NASDAQ-Small Cap Market at $5.000 through Sentra Securities Company. Since 1987, the company has manufactured and marketed pesticide free and preservative free pasta sauces, salsas and condiments under the brand names "Garden Valley Naturals" and "Parrot". The proceeds from the proposed offering will be used for the purchase of raw materials and equipment, for repayment of debt and for working capital. After the offering, the company will have 6,496,000 shares outstanding. Expenses of the offering are expected to be $480,000.

On March 06, 1997, Pivot Rules, Inc. of New York, NY (proposed ticker PVTR) filed to offer 1,500,000 Common Shares on the NASDAQ-Small Cap Market at $5.000 to $6.000 through GKN Securities. The company designs, sources and markets a full collection of golf lifestyle sportswear for men under the Pivot Rules brand name and registered trademark. The proceeds from the proposed offering will be used for marketing and advertising activities, to repay indebtness and obligations of the company, installation of concept shops and/or concept areas within targeted retailers' stores, for working capital and general corporate purposes. After the offering, the company will have 2,700,000 shares outstanding.

On March 06, 1997, Rambus, Inc. of Mountain View, CA (proposed ticker RMBS) filed to offer Common Shares on the NASDAQ-National Market through Morgan Stanley & Co. Incorporated. The company designs, develops, licenses and markets high-speed chip-to-chip interface technology to enhance the performance and cost-effectiveness of consumer electronics, computer systems and other electronic systems. The proceeds from the proposed offering will be used for general corporate purposes including working capital and capital expenditures.

On March 07, 1997, Staff Leasing, Inc. of Bradenton, FL (proposed ticker STFF) filed to offer Common Shares on the NASDAQ-National Market through Lehman Brothers Incorporated. The company is the largest professional employer organization in the United States. The proceeds from the proposed offering will be used to repay indebtedness outstanding under the company's bank credit facility, to prepay certain capitalized lease obligations and to repurchase certain preferred limited partnership interests in the partnership, for general corporate purposes which may include strategic acquisitions of PEOs and related businesses.

On March 05, 1997, Transcend Therapeutics, Inc. of Cambridge, MA (proposed ticker TSND) filed to offer 2,000,000 Common Shares on the NASDAQ-National Market at $12.000 to $14.000 through Vector Securities International, Inc. The company is developing novel pharmaceuticals for treatment of diseases caused by oxidative stress and resultant tissue damage, with a particular therapeutic focus on critical care. The proceeds from the proposed offering will be used to fund clinical trials, research and development, redeem all outstnading shares of Nonconvertible Redeemable Preferred Stock, to acquire and/or license technology rights, products or businesses and for other general corporate purposes. After the offering, the company will have 6,136,481 shares outstanding. Expenses of the offering are expected to be $824,000.

On March 07, 1997, Vista Medical Technologies, Inc. of Carlsbad, CA (proposed ticker VMTI) filed to offer 3,500,000 Common Shares on the NASDAQ-National Market at $11.000 to $13.000 through Goldman, Sachs & Co. The company develops, manufactures and intends to market proprietary visualization and information systems that enable minimally invasive surgical solutions in cardiothoracic, head, neck and spine and other selected microsurgical procedures. The proceeds from the proposed offering will be used to fund product introductions, sales and marketing activities, research and development, acquisition of capital equipment for manufacturing scale-up and for working capital and other general corporate purposes. After the offering, the company will have 12,718,903 shares outstanding.

On March 04, 1997, Westfield America, Inc. of Los Angeles, CA (proposed ticker WEA) filed to offer Common Shares on the New York Stock Exchange through Merrill Lynch & Co. The company is a Real Estate Investment Trust, owning, operating, leasing, developing, redeveloping and acquiring super regional and regional shopping centers and power centers located primarily in major metropolitan areas in the United States. The proceeds from the proposed offering will be used for the Garden State Plaza Loan. purchase of the Westfield Holdings Warrants, repayment of debt, general corporate purposes including working capital and potential acquisitions.

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.

©1997 IPO Data Systems, Inc. - All rights reserved.