| Ticker: EAII | 2625 North Loop Drive | |
| Exchange: NASDAQ-National Market | Ames, Iowa 50010 | |
| Industry: Service | (515) 296-9908 |
| Type of Shares: | Common Shares | Filing Date: | 12/22/95 | |
| U.S. Shares: | 2,290,000 | Offer Date: | 2/28/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $10.00 - $12.00 | |
| Primary Shares: | 1,825,000 | Offer Price: | $18.00 | |
| Secondary Shares: | 465,000 | Gross Spread: | $1.26 | |
| Offering Amount: | $25,190,000 | Selling: | $0.76 | |
| Expenses: | $670,000 | Reallowance: | $0.10 | |
| Shares Out After: | 4,694,760 |
| Manager | Tier | Phone |
| J.P. Morgan Securities Inc. | Lead Manager | (212) 648-9922 |
| Cowen & Company | Co-manager | (212) 495-6000 |
| Auditor: Ernst & Young | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 12/31/95 | ||||
| Revenue: | $10.42 | Assets: | $6.20 | ||
| Net Income: | $0.43 | Liabilities: | $4.06 | ||
| EPS: | $0.12 | Equity: | $2.14 | ||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The Company develops, produces and sells three dimensional animation products that address visulaization, animation and graphic needs of its customers in commercial markets. The Company uses its proprietary 3D animation technology and extensive library of computer generated animation assets to serve customers that demand realistic, high quality 3D animation at a reasonable price within a short time frame. As computing Power for 3D capabilities continues to rise and the cost of this technology continues to decline, the Company believes 3D animation will become increasingly important as a means to educate and communicate. |
| Use of Proceeds |
| The proceeds from the offering will be used to reduce indebtedness, for product development, sales and marketing initiatives and other general corporate purposes. |
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