| Proposed Ticker: | YMCD | 1906 Orange Tree Lane, Suite 220 | |
| Exchange: | NASDAQ-National Market | Redlands, California 92374 | |
| Industry: | High-Tech | (909) 335-5780 |
| All share information is proposed | ||||
| Type of Shares: | Common Shares | Filing Date: | 9/10/96 | |
| U.S. Shares Filed: | 1,100,000 | Filing Range: | $11.00 - $13.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $13,200,000 | |
| Primary Shares: | 725,000 | Expenses: | $249,000 | |
| Secondary Shares: | 375,000 | Shs Out After: | 3,999,442 | |
| Manager | Tier | Phone |
| Meridian Capital Group, Inc. | Lead Manager | |
| Sharpe Capital, Inc. | Co-manager |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 6/30/96 | 6/30/96 | ||||
| Revenue: | $6.70 | Assets: | $3.43 | ||
| Net Income: | -$0.76 | Liabilities: | $5.89 | ||
| EPS: | -$0.16 | Equity: | -$2.46 | ||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| Young Minds, Incorporated, designs, develops, markets and sells a comprehensive line of software products, embedded controllers, and related services for creating, storing and accessing Compact Disc on computer workstations and networks. The company focuses on the development of state-of-the-art software bundled with advanced compact disc recordable drives and read-only CD-ROM "jukeboxes" to facilitate the rapid transfer of high volumes of information in a variety of computing environments. The company believes that it has achieved a strategic advantage by introducing sophisticated, platform neutral, industry compliant software solutions for the mass storage industry. The company's strategy is to serve the markets for CD-ROM Jukeboxes and CD Recorders through its proprietary software technology. The company's products have been developed to operate on a broad range of widely used computer platforms. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay short term indebtedness, with the remainder to be used for research and development, capital expenditures, marketing and working capital. |
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