| Proposed Ticker: FXSC | 12614 Hempstead Highway | |
| Exchange: NASDAQ-National Market | Houston, Texas 77092 | |
| Industry: Wholesale | (713) 329-1100 |
| All share information is proposed | ||||
| Type of Shares: | Common Shares | Filing Date: | 9/5/96 | |
| U.S. Shares Filed: | 1,950,000 | Filing Range: | $12.00 - $14.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $25,350,000 | |
| Primary Shares: | 1,950,000 | Expenses: | - | |
| Secondary Shares: | 0 | Shs Out After: | 4,659,944 | |
| Manager | Tier | Phone |
| Schroder Wertheim & Company, Incorporated | Lead Manager | (212) 492-6900 |
| Oppenheimer & Company, Inc. | Co-manager | (212) 667-7402 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 6/30/96 | 6/30/95 | 6/30/96 | ||
| Revenue: | $53.79 | $35.16 | $22.26 | Assets: | $36.40 |
| Net Income: | $1.90 | $0.86 | $0.52 | Liabilities: | $30.49 |
| EPS: | $0.41 | $0.19 | Equity: | $5.91 | |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is a leading national master distributor of specialty wire and cable, serving more than 1,000 electrical distributors throughout the United States. The company seeks to serve as an efficient single source of supply and as the distributor of choice for electrical distributors by maintaining for immediate delivery large quantities of over 10,000 specialty wire and cable products purchased from more than 50 manufacturers worldwide, as well as limited quantities of complementary products. The company's products typically are used in specific, often highly-sophisticated applications such as telecommunications systems, factory automation, "intelligent" buildings and computer systems. The company believes that the products it sells are used primarily within the telecommunications, electronics, process and manufacturing, maintenance, retrofit and operations applications. The company generally does not sell commodity wire and cable, such as that used in commercial and residential construction. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to reduce indebtedness and for working capital and general corporate purposes including the purchase of inventory. |
©1996 IPO Data Systems, Inc. - All rights reserved.