| Ticker: SCBI | 1365 West Brierbrook Road | |
| Exchange: NASDAQ-National Market | Memphis, Tennessee 38138 | |
| Industry: High-Tech | (901) 754-6577 |
| Type of Shares: | Common Shares | Filing Date: | 12/22/95 | |
| U.S. Shares: | 2,170,000 | Offer Date: | 2/14/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $14.00 - $16.00 | |
| Primary Shares: | 1,300,000 | Offer Price: | $15.50 | |
| Secondary Shares: | 870,000 | Gross Spread: | $1.08 | |
| Offering Amount: | $32,550,000 | Selling: | $0.63 | |
| Expenses: | $550,000 | Reallowance: | $0.10 | |
| Shares Out After: | 6,813,077 |
| Manager | Tier | Phone |
| Morgan Keegan & Company, Incorporated | Lead Manager | (901) 524-4100 |
| Robinson-Humphrey Company, Inc., The | Co-manager | (404) 266-6000 |
| Auditor: Ernst & Young | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 4/30/95 | 10/31/95 | 10/31/94 | 10/31/95 | ||
| Revenue: | $33.35 | $23.07 | $15.59 | Assets: | $8.09 |
| Net Income: | $0.82 | $0.08 | $0.39 | Liabilities: | $4.76 |
| EPS: | $0.15 | $0.01 | $0.07 | Equity: | $3.33 |
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 information technology services company providing management and technical services primarily to state and local governments, public utilities, Fortune 500 companies, and other large organizations. SCB's servcies are delivered to clients operating information systems primarily in mainframe, client/server and other network environments. The company provides one or more of the following three general types of information technology services to its clients; 1) consulting services, including advising clients on the acquisition and strategic utilization of IT systems, planning and designing new IT systems, and redesigning existing IT systems to increase their efficiency; 2) outsourcing services, including using IT professionals, employed and managed by SCB for network design and management, systems support and maintenance, programming and application software development, and data center management to utilize a client's IT resources more cost effectively; and 3) professional staffing servcies, including providing skilled technical employees to a client on an as-needed basis and under the direction of a client's management to eliminate a client's need to recruit, hire, and train technical employees whose skills may not be needed between projects. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay certain indebtedness, to fund certain capital expenditures, and for general corporate purposes, including possible acquisitions. |
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