| Ticker: TSIM | One Lower Ragsdale Drive, I-250 | |
| Exchange: NASDAQ-Small Cap Market | Monterey, California 93940 | |
| Industry: High-Tech | (408) 373-8688 |
| Type of Shares: | Common Shares | Filing Date: | 9/3/96 | |
| U.S. Shares: | 1,400,000 | Offer Date: | 10/25/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $6.00 - $8.00 | |
| Primary Shares: | 1,400,000 | Offer Price: | $6.50 | |
| Secondary Shares: | 0 | Gross Spread: | $0.65 | |
| Offering Amount: | $9,800,000 | Selling: | $0.32 | |
| Expenses: | $773,000 | Reallowance: | $0.10 | |
| Shares Out After: | 4,431,758 |
| Manager | Tier | Phone |
| Barington Capital Group, L.P. | Lead Manager | (212) 974-5722 |
| Auditor: KPMG Peat Marwick | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 6/30/96 | 6/30/95 | 6/30/96 | ||
| Revenue: | $1.33 | $0.63 | $0.68 | Assets: | $0.35 |
| Net Income: | -$0.59 | -$0.35 | -$0.28 | Liabilities: | $2.26 |
| EPS: | -$0.19 | -$0.11 | -$0.09 | Equity: | -$1.91 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company develops powerful and flexible PC-based business simulation software programs that enable users to simulate real life business situations, explore complex operational problems and improve functional and problem solving skills. The company's agent-based, adaptive simulation software has a broad range of potential business applications, including strategic planning, sales and marketing, training, competitive positioning, product marketing, operational planning, logistics and supply and demand forecasting. The company believes that its products are unique because they combine user-friendly interactive interfaces used in sophisticated computer games with its proprietary agent-based programming to produce interactive adaptive business simulations, simulate consumer behavior, demonstrate the impact of management actions, seek system vulnerabilities and explore complex operational systems. The company's user-friendly interfaces enable persons with no technical training to comfortably interact with complex systems. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to fund the company's sales and marketing efforts; to fund the company's product development efforts; to fund the retirement of the bridge notes and for working capital and general corporate purposes. |
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