| Ticker: MURC | 1112 29th Avenue SW | |
| Exchange: NASDAQ-Small Cap Market | Cedar Rapids, Iowa 52404 | |
| Industry: Service | (319) 362-6900 |
| Type of Shares: | Common Shares | Filing Date: | ||
| U.S. Shares: | 1,600,000 | Offer Date: | 10/21/96 | |
| Non-U.S. Shares: | 0 | Filing Price: | $5.00 | |
| Primary Shares: | 1,600,000 | Offer Price: | $5.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.50 | |
| Offering Amount: | $8,000,000 | Selling: | $0.25 | |
| Expenses: | $540,240 | Reallowance: | $0.00 | |
| Shares Out After: | 3,932,858 |
| Manager | Tier | Phone |
| W.B. McKee Securities, Inc. | Lead Manager | (602) 954-0333 |
| Berthel Fisher & Company Financial Services, Inc. | Co-manager |
| Auditor: Ernst & Young | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 6/30/96 | 6/30/95 | 6/30/96 | ||
| Revenue: | $8.92 | $4.17 | $5.04 | Assets: | $6.72 |
| Net Income: | -$2.52 | $0.15 | -$0.92 | Liabilities: | $10.60 |
| EPS: | -$1.15 | -$0.37 | Equity: | -$3.88 | |
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 provider of telecommunications services principally to hotels and motels. The company's revenues are currently generated primarily through a marketing program with AT&T; Corp. called the "Lodging Partnership." Through the Lodging Partnership the company offers AT&T;'s Operator Services bundled with certain "value-added" systems provided by the company. These systems include answer detection, fraud prevention, equipment sales such as Private Automatic Branch Exchanges and specialized management, consulting and reporting and are targeted at improving the profitability of the hotel's telecommunications department. The company receives recurring revenue in the form commissions and management fees from AT&T; for calling card, collect or other operator assisted calls placed from hotel rooms subscribing to this program. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for repayment of indebtedness, exercise of the company's purchase options under certain capitalized equipment leases, funding of marketing expansion, development of new services, working capital requirements, and other general corporate purposes. |
©1996 IPO Data Systems, Inc. - All rights reserved.