| Ticker: DIDA | 3102 Maple Avenue, Suite 230 | |
| Exchange: NASDAQ-Small Cap Market | Dallas, Texas 75201 | |
| Industry: High-Tech | (214) 969-7200 |
| Type of Shares: | Common Shares | Filing Date: | 12/1/95 | |
| U.S. Shares: | 1,150,000 | Offer Date: | 2/13/96 | |
| Non-U.S. Shares: | 0 | Filing Price: | $5.00 | |
| Primary Shares: | 1,150,000 | Offer Price: | $5.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.50 | |
| Offering Amount: | $5,750,000 | Selling: | $0.13 | |
| Expenses: | $490,000 | Reallowance: | ||
| Shares Out After: | 1,853,615 |
| Manager | Tier | Phone |
| J.W. Barclay & Co., Inc. | Lead Manager | (212) 809-5800 |
| Mason Hill & Company | Co-manager |
| Auditor: BDO Seidman | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/94 | 11/30/95 | 11/30/94 | 11/30/95 | ||
| Revenue: | $0.47 | $0.47 | $0.43 | Assets: | $0.69 |
| Net Income: | -$1.76 | -$1.23 | -$1.68 | Liabilities: | $2.18 |
| EPS: | -$4.38 | -$1.90 | -$4.21 | Equity: | -$1.49 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company markets and operates digital information systems for the transit industry. The digital information network is a network of computerized electronic displays that delivers transit authority messages, news, information and advertising to riders on-board public transit vehicles. The network utilizes an FM subcarrier signal to transmit compressed data to LED displays which are installed inside public transit vehicles. The Company currently operates its digital information network on the 855-bus fleet of the Dallas Area Rapid Transit System and on 66 buses of the Rhode Island Public Transit Authority system. This system has served as a test site for the Company since 1988. The Company is marketing its digital information network to transit authorities who can use the network as a direct communications link to their customers and provide them with important transit messages such as route schedule changes, public hearings, marketing programs, public service announcements, and special events, as well as news, information and advertising. |
| Use of Proceeds |
| Proceeds from the proposed offering will be used for the repayment of certain short term indebtedness, payment of accelerated prepayment requirements, construction and installation of electronic display billboards, costs associated with the Transit Network's NextStop announcement system and the expansion of the digital network into new markets, potential business acquisitions and working capital. |
©1996 IPO Data Systems, Inc. - All rights reserved.