| Ticker: PIAM | 19900 MacArthur Boulevard, Suite 900 | |
| Exchange: NASDAQ-National Market | Irvine, California 92715 | |
| Industry: Retail | (714) 476-2200 |
| Type of Shares: | Common Shares | Filing Date: | 12/15/95 | |
| U.S. Shares: | 2,332,000 | Offer Date: | 2/29/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $13.00 - $15.00 | |
| Primary Shares: | 2,332,000 | Offer Price: | $14.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.98 | |
| Offering Amount: | $32,648,000 | Selling: | $0.57 | |
| Expenses: | $1,105,000 | Reallowance: | $0.10 | |
| Shares Out After: | 5,438,929 |
| Manager | Tier | Phone |
| PaineWebber Incorporated | Lead Manager | (212) 713-2626 |
| Furman Selz Incorporated | Co-manager | (212) 309-8200 |
| Auditor: Deloitte & Touche | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 12/31/95 | ||||
| Revenue: | $104.79 | Assets: | $16.09 | ||
| Net Income: | $3.53 | Liabilities: | $10.10 | ||
| EPS: | $0.88 | Equity: | $5.99 | ||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is one of the largest suppliers of regularly scheduled, routed merchandising services in the United States. The company provides in-store merchandising and sales services primarily on behalf of branded product manufacturers at approximately 22,500 retail grocery stores. The company believes that these stores currently sell approximately 75% of the grocery all-commodity volume nationwide. The company also provides these services at over 7,500 mass merchandiser, chain drug and deep discount drug stores. PIA's in-store services include checking for authorized distribution of client products, cutting in products that are approved for distribution but not present on the shelf, setting category shelves in accordance with approved store schematics, insuring that shelf tags are in place. checking for the overall salability of clients' products, and performing new product and promotion selling |
| Use of Proceeds |
| The proceeds from the offering will be used to repay indebtedness under the company's revolving line of credit and for working capital requirements. In addition the company may use proceeds to finance investment in technology equipment upgrades and to take advantage of future acquisition opportunities as they arise. |
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