| Ticker: WTSC | 9910 Maple Street | |
| Exchange: NASDAQ-National Market | Omaha, Nebraska 68134 | |
| Industry: Service | (402) 571-7700 |
| Type of Shares: | Common Shares | Filing Date: | 10/11/96 | |
| U.S. Shares: | 5,700,000 | Offer Date: | 11/25/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $14.00 - $16.00 | |
| Primary Shares: | 5,700,000 | Offer Price: | $18.00 | |
| Secondary Shares: | 0 | Gross Spread: | $1.17 | |
| Offering Amount: | $85,500,000 | Selling: | $0.70 | |
| Expenses: | - | Reallowance: | $0.10 | |
| Shares Out After: | - |
| Manager | Tier | Phone |
| Goldman, Sachs & Co. | Lead Manager | (212) 902-1172 |
| Salomon Brothers Inc. | Co-manager | (212) 783-2947 |
| Smith Barney Inc. | Co-manager | (718) 921-8473 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 6/30/96 | 6/30/95 | 6/30/96 | ||
| Revenue: | $256.89 | $154.47 | $124.24 | Assets: | $128.71 |
| Net Income: | $23.61 | $17.30 | $13.37 | Liabilities: | $130.83 |
| EPS: | Equity: | -$2.12 | |||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is one of the largest independent teleservices companies in the United States, and provides a full range of customized telecommunications-based services to business clients on an outsourced basis. The company is a leading provider in each of inbound operator services, automated voice response services and outbound direct teleservices. Inbound operator services consist of live operator call processing applications such as order capture, customer service and product support. Automated voice response services consist of computerized call-processing applications such as automated product information requests, computerized surveys and polling, and secure automated credit card activation. Outbound direct teleservices consist of live operator direct marketing applications such as product sales and customer acquisition and retention campaigns. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay certain debt, will be used to pay a portion of notes payable to existing shareholders issued in connection with the reorganization, will be used to fund capital expenditures and the balance will be used for working capital, general corporate purposes including possible acquisitions. |
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