Coral Systems, Inc.

Proposed Ticker:	CSYS	1500 Kansas Avenue, Suite 2E
Exchange:	NASDAQ-National Market	Longmont, Colorado 80501
Industry:	High-Tech	(303) 772-5800

All share information is proposed
Type of Shares:	Common Shares	Filing Date:	10/17/96
U.S. Shares Filed:	2,700,000	Filing Range:	$10.00 - $12.00
Non-U.S. Shares Filed:	0	Offering Amount:	$29,700,000
Primary Shares:	2,700,000	Expenses:	$821,000
Secondary Shares:	0	Shs Out After:	9,930,137

Manager	Tier	Phone
Montgomery Securities	Lead Manager	(415) 627-2220
Cowen & Company	Co-manager	(212) 495-6000
UBS Securities Inc.	Co-manager	(212) 230-4000

	Audited Income	Latest Unaudited Income	Prior Unaudited Income		Balance Sheet
	12/31/95	9/30/96	9/30/95		9/30/96
Revenue:	$3.89	$6.85	$3.09	Assets:	$7.45
Net Income:	-$3.39	-$0.74	-$2.42	Liabilities:	$4.02
EPS:	-$0.48	-$0.09		Equity:	$3.44
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year

Business Description

Coral Systems provides client-server software products for the wireless telecommunications industry to enable carriers to reduce fraud and customer turnover, or "churn," and increase operating efficiencies. The company's products are based upon its proprietary core technology, which provides several key advantages, including rapid product development, portability, technology independence and enhanced scalability. The company's fraud management software, FraudBuster, incorporates a fraud profiler and subscription fraud monitoring functionality and is designed to combat most currently identified types of wireless fraud. Unlike many other fraud prevention techniques which typically address specific types of fraud, FraudBuster detects multiple types of existing and emerging fraud, including cloning, subscription fraud, tumbling fraud and cellular telephone theft.

Use of Proceeds

The proceeds from the proposed offering will be used for working capital and general corporate purposes.

Last updated: 12/29/96