| Ticker: WBS | 1711 Broadway | |
| Exchange: American Stock Exchange | Saugas, Massachusetts 01906 | |
| Industry: Service | (617) 867-2300 |
| Type of Shares: | Common Shares | Filing Date: | 9/11/96 | |
| U.S. Shares: | 1,000,000 | Offer Date: | 12/5/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $7.00 - $8.00 | |
| Primary Shares: | 1,000,000 | Offer Price: | $8.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.80 | |
| Offering Amount: | $7,500,000 | Selling: | $0.35 | |
| Expenses: | $430,000 | Reallowance: | ||
| Shares Out After: | 5,605,000 |
| Manager | Tier | Phone |
| Coburn & Meredith, Inc. | Lead Manager | |
| Shamrock Partners, Ltd. | Co-manager |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 5/31/96 | 5/31/96 | ||||
| Revenue: | $0.04 | Assets: | $1.86 | ||
| Net Income: | -$7.29 | Liabilities: | $1.30 | ||
| EPS: | -$1.52 | Equity: | $0.56 | ||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| Websecure, Inc., a development stage company, is an Internet service provider that offers Internet access and support services to businesses for secure commercial transactions and communications over the Internet. The company plans to offer a broad range of marketing, sales and connectivity solutions to businesses and, to a lesser extent, to individuals, including the establishment of 1) commercial sites on the World Wide Web, 2) electronic store design, 3) browsing and purchasing capabilities, and 4) transaction processing. The company will also provide general Internet service, such as connectivity to the INternet and electronic mail hosting services. By offering turnkey solutions to commercial Internet needs, the company plans to become a "one-stop provider" of Internet products and services to businesses seeking to establish a commercial presence over the Internet. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for selling and marketing; research and development; purchase or lease of capital equipment and software; repayment of indebtedness; and working capital and general corporate purposes. |
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