| Ticker: DPRC | 4400 MacArthur Boulevard, Suite 610 | |
| Exchange: NASDAQ-National Market | Newport Beach, California 92660 | |
| Industry: Service | (714) 752-9111 |
| Type of Shares: | Common Shares | Filing Date: | 1/11/96 | |
| U.S. Shares: | 2,640,000 | Offer Date: | 3/5/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $12.00 - $14.00 | |
| Primary Shares: | 2,390,000 | Offer Price: | $14.00 | |
| Secondary Shares: | 250,000 | Gross Spread: | $0.98 | |
| Offering Amount: | $34,320,000 | Selling: | $0.54 | |
| Expenses: | $900,000 | Reallowance: | $0.10 | |
| Shares Out After: | 6,993,000 |
| Manager | Tier | Phone |
| Montgomery Securities | Lead Manager | 4156272220 |
| Robert W. Baird & Company | Co-manager | (414) 765-3500 |
| Auditor: Deloitte & Touche | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 7/31/95 | 1/31/96 | 1/31/95 | 1/31/96 | ||
| Revenue: | $49.56 | $27.20 | $22.47 | Assets: | $8.69 |
| Net Income: | $1.74 | $1.30 | $0.75 | Liabilities: | $8.79 |
| EPS: | $0.41 | $0.26 | Equity: | -$0.10 | |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company provides information technology specialty staffing services to a diverse group of corporate clients. By drawing from its carefully screened database of more than 12,000 highly qualified technical consultants, the company is able to offer integrated staffing solutions to meet its clients' enterprise-wide systems applications development needs. The company's technical consultants have expertise on multiple hardware platforms utilizing a wide variety of software applications and can provide services covering all aspects of the systems applications development lifecycle, including planning, design, building and programming, implementation, maintenance and ongoing management. The company currently serves its clients through offices located in Newport Beach, Woodland Hills and San Francisco, California and its recently opened Denver, Colorado office. The company plans to open a new office in Seattle, Washington by mid-1996. |
| Use of Proceeds |
| The proceeds from the offering will be used to repay debt, working capital and other general corporate purposes including a geographic expansion program and possible acquisitions. |
©1996 IPO Data Systems, Inc. - All rights reserved.