| Medialink Worldwide Incorporated | |||
| Ticker: | MDLK | 708 Third Avenue | |
| Exchange: | NASDAQ-National Market | New York, NY 10017 | |
| Industry: | Service (SIC Code 4899) | (212) 682-8300 | |
| Type of Shares: | Common Shares | Filing Date: | 10/15/96 | |
| U.S. Shares: | 2,000,000 | Offer Date: | 1/29/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $9.00 - $11.00 | |
| Primary Shares: | 2,000,000 | Offer Price: | $9.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.63 | |
| Offering Amount: | $20,000,000 | Selling: | $0.35 | |
| Expenses: | $850,000 | Reallowance: | $0.10 | |
| Shares Out After: | 5,047,933 |
| Manager | Tier | Phone |
| Dean Witter Reynolds | Lead Manager | (212) 392-3223 |
| Wheat First Butcher & Singer Capital Markets | Co-manager | (804) 782-3278 |
| Issuer's Law Firm: | Tashlik, Freutzer & Goldwyn P.C. |
| Bank's Law Firm: | Willkie Farr & Gallagher |
| Auditor: | KPMG Peat Marwick |
| Registrar/Transfer Agent: | ChaseMellon Shareholder Services, L.L.C. |
Dollar amounts in U.S. millions except for per share data | |||||
| 9 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 9/30/96 | 9/30/95 | 9/30/96 | ||
| Revenue: | $10.63 | $11.16 | $7.38 | Assets: | $6.55 |
| Net Income: | $0.38 | $0.58 | $0.17 | Curr Assets: | |
| EPS: | $0.11 | $0.17 | $0.05 | Liabilities: | $3.38 |
| Prior EPS: | $1.18 | $0.31 | Curr Liabilities: | ||
| Cash Flow/Oper: | $0.44 | Equity: | $3.17 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| Medialink is a leading worldwide provider of video and audio production and distribution services for businesses and other organizations seeking to communicate their news through television, radio and other media. The company's principal services are based on its core business -- the satellite distribution of video news releases and the electronic monitoring of their broadcast on television. A VNR is the video equivalent of a conventional press release and is used for the same purposes, such as to introduce a new product or service, explain a technological breakthrough, communicate during a crisis or advocate a position on an issue of public concern. VNRs are produced for easy integration into newscasts and are distributed to the media for their use in complete or edited form. |
| Competition |
| The markets for the company's services are highly competitive. The principal competitive factors affecting the company are effectiveness, reliability, price, technological sophistication and timeliness. Numerous specialty companies compete with the company in each of its business lines although no single company competes across all service lines. Many of the company's competitors or potential competitors have longer operating histories, longer client relationships and significantly greater financial, management, technological, sales, marketing and other resources than the company. |
| Business Plan |
| The company's strategy is to maintain and leverage its leading position in video distribution to become the premiere provider of production, distribution and monitoring services for its clients' news across all media. The company believes that it can continue to broaden its communications services and reach its strategic objective by 1) developing new services; 2) leveraging its client relationships by cross-marketing services to its clients; 3) continuing its global expansion; and 4) pursuing acquisitions and strategic alliances with companies that can add to the company's service capabilities or geographic scope. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for general corporate purposes and possible acquisitions. |