| Ticker: PARA | One Jericho Plaza | |
| Exchange: NASDAQ-Small Cap Market | Jericho, New York 11753 | |
| Industry: High-Tech | (516) 938-3400 |
| Type of Shares: | Common Shares | Filing Date: | 8/30/95 | |
| U.S. Shares: | 2,900,000 | Offer Date: | 1/22/96 | |
| Non-U.S. Shares: | 0 | Filing Price: | $3.50 | |
| Primary Shares: | 2,600,000 | Offer Price: | $3.50 | |
| Secondary Shares: | 300,000 | Gross Spread: | $0.32 | |
| Offering Amount: | $10,150,000 | Selling: | $0.16 | |
| Expenses: | $500,000 | Reallowance: | $0.08 | |
| Shares Out After: | 7,600,000 |
| Manager | Tier | Phone |
| Stratton Oakmont Inc. | Lead Manager | (516) 358-1800 |
| Auditor: Arthur Andersen | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/94 | 9/30/95 | 9/30/94 | 9/30/95 | ||
| Revenue: | $27.98 | $30.20 | $23.93 | Assets: | $16.81 |
| Net Income: | $0.65 | -$1.89 | $0.67 | Liabilities: | $12.97 |
| EPS: | $0.08 | -$0.43 | $0.08 | Equity: | $3.83 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company buys, sells and leases computer and other high technology equipment. Since the company's inception in July 1991, its primary business has been trading new and used computer equipment with end-users, computer manufacturers and other computer trading companies. The company's trading business involves the purchasing and reselling of computer equipment where the company, due to its established network of relationships with end-users, computer manufacturers and trading companies, seeks to maximize trading profits by taking advantage of price-differential opportunities in the marketplace. The company's trading business also serves to support its computer leasing operations since, as an active dealer in the secondary computer equipment market, the company has a ready source of data processing equipment to meet its leasing customers' needs. |
| Use of Proceeds |
| The company intends to utilize the net proceeds of this offering approximately as follows: 1) $3 million - Acquisitions, 2) $2 million - Investment in Internally Generated Lease Portfolio, 3) $1 million - Investment in High Technology Portfolio, 4) $485,250 - Marketing and Sales and 5) $1 million - Debt Retirement. |
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