| Proposed Ticker: EXPT | 11401 Rupp Drive | |
| Exchange: NASDAQ-National Market | Burnsville, Minnesota 55337 | |
| Industry: Service | (612) 944-9448 |
| All share information is proposed | ||||
| Type of Shares: | Common Shares | Filing Date: | 10/16/96 | |
| U.S. Shares Filed: | 2,000,000 | Filing Range: | $8.00 - $10.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $18,000,000 | |
| Primary Shares: | 2,000,000 | Expenses: | - | |
| Secondary Shares: | 0 | Shs Out After: | 4,584,249 | |
| Manager | Tier | Phone |
| Rodman & Renshaw, Inc. | Lead Manager | (312) 977-7824 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 6/30/96 | 6/30/95 | 6/30/96 | ||
| Revenue: | $27.03 | $18.58 | $11.63 | Assets: | $0.10 |
| Net Income: | $1.13 | $1.13 | $0.17 | Liabilities: | $0.00 |
| EPS: | $0.30 | $0.30 | $0.04 | Equity: | $0.10 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| ExpressPoint Technology Services, Inc. has agreed to acquire Amcom and Delta Parts, two established, independent technology support service companies, in order to create an international platform. The company's services consist of depot repair and refurbishment (as opposed to on-site repair), spare parts sales, systems integration and sales and inventory and logistics management. The company also markets primarily refurbished computer, banking and POS systems, as well as its proprietary ExpressPoint (R) POS software system. The company primarily utilizes used parts for its sales, repair and systems integration businesses, which allows it to offer its customers a less costly solution to their maintenance requirements. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for payment of the cash portion of the purchase price for the acquisition, including expenses associated therewith, repayment of certain notes issued to Amcom employees in September 1996 and general corporate purposes including potential future acquisitions. |
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