| Ticker: | TMAM | 110 E. Wilson Bridge Road | |
| Exchange: | NASDAQ-National Market | Worthington, Ohio 43085 | |
| Industry: | Service | (614) 848-3995 |
| Type of Shares: | Common Shares | Filing Date: | 10/11/96 | |
| U.S. Shares: | 1,250,000 | Offer Date: | 12/10/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $11.00 - $13.00 | |
| Primary Shares: | 1,250,000 | Offer Price: | $12.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.87 | |
| Offering Amount: | $15,000,000 | Selling: | $0.48 | |
| Expenses: | $425,000 | Reallowance: | $0.10 | |
| Shares Out After: | 3,335,088 |
| Manager | Tier | Phone |
| Ohio Company, The | Lead Manager | (614) 464-6880 |
| Roney & Co. | Co-manager | (313) 963-6700 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 6/30/96 | 6/30/95 | 6/30/96 | ||
| Revenue: | $74.92 | $44.81 | $36.13 | Assets: | $5.81 |
| Net Income: | $0.29 | $0.27 | $0.16 | Liabilities: | $5.33 |
| EPS: | $0.14 | $0.13 | $0.07 | Equity: | $0.48 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is the largest professional employer organization headquartered in Ohio and one of the oldest PEOs in the United States, having been founded in 1986. The company provides, through a "partnering" agreement, comprehensive and integrated human resource management services to small and medium sized businesses, thereby allowing such businesses to outscore their human resource responsibilities. The company offers a broad range of services including human resource administration, risk management services and employer liability protection, payroll tax administration, and placement services. The company provides such services by establishing an employment relationship with the worksite employees of its clients, contractually assuming substantial employer responsibilities with respect to worksite employees, and instructing its clients regarding employment practices. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to support expansion of the company's existing operations, including further penetration of existing operations; to expand the company's client base in new or existing markets through acquisitions; and for general corporate purposes including capital expenditures and working capital. |
©1996 IPO Data Systems, Inc. - All rights reserved.