| Ticker: HELP | Shelter Rock Lane | |
| Exchange: NASDAQ-Small Cap Market | Danbury, Connecticut 06810 | |
| Industry: Manufacturing | (203) 798-8988 |
| Type of Shares: | Common Shares | Filing Date: | 11/15/95 | |
| U.S. Shares: | 2,521,596 | Offer Date: | 1/31/96 | |
| Non-U.S. Shares: | 0 | Filing Price: | $3.13 | |
| Primary Shares: | 2,127,752 | Offer Price: | $3.13 | |
| Secondary Shares: | 393,844 | Gross Spread: | $0.31 | |
| Offering Amount: | $7,879,988 | Selling: | $0.16 | |
| Expenses: | $485,000 | Reallowance: | $0.47 | |
| Shares Out After: | 5,929,874 |
| Manager | Tier | Phone |
| M.H. Meyerson & Company | Lead Manager | (201) 332-3353 |
| Brookehill Equities, Inc. | Co-manager | (212) 593-5310 |
| Auditor: Ernst & Young | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/94 | 9/30/95 | 9/30/94 | 9/30/95 | ||
| Revenue: | $2.61 | $2.10 | $1.81 | Assets: | $4.19 |
| Net Income: | -$2.93 | -$2.33 | -$2.06 | Liabilities: | $3.26 |
| EPS: | -$2.01 | -$1.47 | -$1.43 | Equity: | $0.92 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company designs, manufactures and markets autonomous robot transport systems for use by the institutional health care industry. The company's flagship product called HelpMate, is an intelligent, self-navigating, battery-powered robot that travels throughout a hospital free of fixed tracks or guidewires. HelpMate robots provide repetitive, around the clock transport of meals, medication, lab samples, supplies and medical records within a hospital environment, relieving staff of unscheduled fetch and carry tasks, and thus reducing labor costs and improving productivity. Using proprietary sensory technology and a preprogrammed map of the facility, the HelpMate robot can avoid obstacles and people, making almost instantaneous stops when necessary, and via radio link, can summon elevators to travel between floors. |
| Use of Proceeds |
| Proceeds from the proposed offering will be used for the expansion of sales and marketing activities, for value engineering and manufacturing cost reduction, for component and manufacturing costs to produce HelpMate systems for rental or sale, for other working capital and to redeem from its landlord certain outstanding shares previously issued in lieu of rent. |
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