| Ticker: | VTCH | 8807 Northwest 23rd Street | |
| Exchange: | NASDAQ-National Market | Miami, Florida 33172 | |
| Industry: | Manufacturing | (305) 477-1161 |
| Type of Shares: | Common Shares | Filing Date: | 9/6/96 | |
| U.S. Shares: | 2,000,000 | Offer Date: | 11/1/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $9.50 - $10.00 | |
| Primary Shares: | 2,000,000 | Offer Price: | $10.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.80 | |
| Offering Amount: | $19,500,000 | Selling: | $0.40 | |
| Expenses: | $350,000 | Reallowance: | $0.10 | |
| Shares Out After: | 10,013,648 |
| Manager | Tier | Phone |
| H.J. Meyers & Company, Incorporated | Lead Manager | (310) 278-7880 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 6/30/96 | 6/30/95 | 6/30/96 | ||
| Revenue: | $48.49 | $26.08 | $20.46 | Assets: | $26.15 |
| Net Income: | $6.91 | $2.70 | $0.40 | Liabilities: | $16.04 |
| EPS: | $0.82 | $0.31 | $0.05 | Equity: | $10.11 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company manufactures and distributes computer equipment and related products, as well as the financing of the purchase thereof, in the Federal Republic of Brazil. The company's products, which include personal computers and multimedia systems and related peripheral products, networking and system integration equipment, and cellular telephones and accessories, are marketed under company-owned and other brand names for distribution through a variety of channels in the Brazilian marketplace. In addition, the company maintains an engineering support service dedicated to assisting the company's customers in effecting networking and system integration solutions. The company has experienced substantial growth since inception, with consolidated revenues and consolidated net income increasing from $1,156,253 and $44,288, respectively, for the period between June 24, 1993, the inception of the company, and December 31, 1993. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to expand inventory, to expand consumer financing operations and marketing activities; for repayment of debt, to increase manufacturing capacity and for general corporate purposes. |
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