| Ticker: | MDSIF | 10551 Shellbridge Way, Suite 135 | |
| Exchange: | NASDAQ-National Market | Richmond, Foreign V6X 2W9 | |
| Industry: | Service | (604) 270-9939 |
| Type of Shares: | Common Shares | Filing Date: | 10/29/96 | |
| U.S. Shares: | 1,500,000 | Offer Date: | 11/26/96 | |
| Non-U.S. Shares: | 0 | Filing Price: | - | |
| Primary Shares: | 1,370,000 | Offer Price: | $14.88 | |
| Secondary Shares: | 130,000 | Gross Spread: | $1.04 | |
| Offering Amount: | $0 | Selling: | $0.61 | |
| Expenses: | $800,000 | Reallowance: | $0.10 | |
| Shares Out After: | 5,699,961 |
| Manager | Tier | Phone |
| UBS Securities Inc. | Lead Manager | (212) 230-4000 |
| Unterberg Harris | Co-manager | (212) 888-5609 |
| Auditor: Deloitte & Touche | |||||
| 9 Month Ending Financials | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 9/30/96 | 9/30/95 | 9/30/96 | ||
| Revenue: | $6.80 | $17.55 | $5.77 | Assets: | $16.22 |
| Net Income: | -$1.12 | -$5.30 | $0.95 | Liabilities: | $17.66 |
| EPS: | -$0.22 | -$1.04 | $0.19 | Equity: | -$1.43 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company develops, markets, implements and supports mobile workforce management solutions for use in the field service and delivery industries. The company's products include market-specific applications, wireless connectivity software and related network and mobile computing equipment. These products are used by a wide variety of companies with substantial mobile workforces, such as utility and telecommunications companies, taxi services and couriers. When used in conjunction with public and private wireless data communications networks, the company's products provide comprehensive solutions for the automation of business processes associated with the scheduling, dispatching and management of a mobile workforce. In addition, these products enable the company's customers to cost-effectively communicate with their mobile workers, while simultaneously enabling the mobile workforce to interface with their corporate information systems on a real-time basis. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for the repayment of certain indebtedness and for general corporate purposes including working capital, research and development, sales and marketing activities and potential acquisitions. |
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