| Proposed Ticker: | MGNT | 405 Tasman Drive | |
| Exchange: | NASDAQ-National Market | Sunnyvale, California 94089 | |
| Industry: | Transportation | (408) 752-1000 |
| All share information is proposed | ||||
| Type of Shares: | Common Shares | Filing Date: | 9/17/96 | |
| U.S. Shares Filed: | 4,000,000 | Filing Range: | $12.00 - $14.00 | |
| Non-U.S. Shares Filed: | 1,000,000 | Offering Amount: | $65,000,000 | |
| Primary Shares: | 5,000,000 | Expenses: | $1,050,000 | |
| Secondary Shares: | 0 | Shs Out After: | 18,435,436 | |
| Manager | Tier | Phone |
| Lehman Brothers Incorporated | Lead Manager | (212) 640-6129 |
| Hambrecht & Quist Incorporated | Co-manager | (415) 576-3423 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 6/30/96 | 6/30/95 | 6/30/96 | ||
| Revenue: | $8.69 | $7.92 | $3.30 | Assets: | $52.19 |
| Net Income: | -$12.80 | -$7.33 | -$5.39 | Liabilities: | $32.02 |
| EPS: | -$1.03 | -$0.59 | Equity: | $20.16 | |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| MagiNet is the leading supplier of on-demand interactive video entertainment and information services to the hospitality industry outside of North America. The company installs integrated video systems that allow hotel guests to order pay-per-view movies. MagiNet has recently expanded these systems into entertainment and information gateways that offer an increasingly varied range of services, such as on-demand billing summaries, express checkout, personalized messaging, guest surveys and room service ordering. The company expects to implement additional revenue enhancing services such as in-room casino-style gaming, advertising, video games, financial news, Internet access and in-room shopping in selected markets beginning in 1997. To date, the company has focused principally on leading hotels in the Pacific Rim. Recently, the Pacific Rim has been experiencing a higher rate of economic expansion and hotel construction than any other region in the world. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for systems installations, working capital and general corporate purposes. |
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