| Ticker: COTL | 101 California Street, Suite 2050 | |
| Exchange: NASDAQ-National Market | San Francisco, California 94111 | |
| Industry: High-Tech | (415) 391-0300 |
| Type of Shares: | Common Shares | Filing Date: | 12/11/95 | |
| U.S. Shares: | 2,370,000 | Offer Date: | 2/14/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $9.00 - $11.00 | |
| Primary Shares: | 2,070,000 | Offer Price: | $9.00 | |
| Secondary Shares: | 300,000 | Gross Spread: | $0.63 | |
| Offering Amount: | $23,700,000 | Selling: | $0.37 | |
| Expenses: | $2,440,000 | Reallowance: | $0.10 | |
| Shares Out After: | 5,860,805 |
| Manager | Tier | Phone |
| Volpe, Welty & Company | Lead Manager | (415) 956-8120 |
| Auditor: Price Waterhouse | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 3/31/95 | 9/30/95 | 9/30/94 | 9/30/95 | ||
| Revenue: | $50.03 | $30.64 | $23.05 | Assets: | $13.37 |
| Net Income: | $1.25 | -$0.25 | $0.68 | Liabilities: | $12.11 |
| EPS: | $0.28 | $0.18 | $0.16 | Equity: | $1.26 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is an independent software professional services firm devoted primarily to providing computer consulting and contract programming services. The company provides its clients with the services of technical personnel who are skilled in implementing systems using a wide range of software development and support services. These services include mainframe and mid-range software development, personal computer and client/server applications development support, telecommunications and help-desk support. The company has entered into agreements to acquire, simultaneously with the closing of this offering, four established businesses which operate offices in eight metropolitan areas including Boston, New York, San Francisco/Silicon Valley and Seattle. The growth of information technology and the increasing importance of generating timely business information has transformed the way businesses operate, creating significant information services infrastructures, large budgets and personnel pools to support, update and enhance the technology. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to pay the cash portion of the purchase price for the founding companies, repay debt and other general corporate purposes including future acquisitions. |
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