| Ticker: | ITCL | 6929 Hayvenhurst Avenue | |
| Exchange: | NASDAQ-National Market | Van Nuys, California 91406 | |
| Industry: | Wholesale | (818) 906-7777 |
| Type of Shares: | Common Shares | Filing Date: | 11/4/96 | |
| U.S. Shares: | 2,000,000 | Offer Date: | 12/18/96 | |
| Non-U.S. Shares: | 0 | Filing Price: | $6.00 | |
| Primary Shares: | 2,000,000 | Offer Price: | $5.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.40 | |
| Offering Amount: | $12,000,000 | Selling: | $0.20 | |
| Expenses: | $900,000 | Reallowance: | $0.10 | |
| Shares Out After: | 3,852,887 |
| Manager | Tier | Phone |
| Sands Brothers & Co., Ltd. | Lead Manager | (212) 697-5200 |
| Auditor: Eisner, Richard A. | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 6/30/96 | 6/30/95 | 6/30/96 | ||
| Revenue: | $69.85 | $42.47 | $37.23 | Assets: | $14.71 |
| Net Income: | $0.40 | $6.21 | $0.18 | Liabilities: | $14.07 |
| EPS: | $0.12 | $0.18 | $0.05 | Equity: | $0.64 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is engaged in the wholesale distribution of wirelss communications products. The company offers cellular telephone and accessories from leading manufacturers featuring such brand names such as AT&T;, Audiovox, Ericsson, Mitsubishi, Motorola, Nokia, NEC, OKI, Panasonic, Pioneer and Sony. The company also offers a proprietary line of access products under the Intellicell (R) name. |
| Use of Proceeds |
| The company intends to us the net proceeds of this offering principally in connection with its proposed expansion, including financing increased levels of inventories and accounts receivable; repayment of indebtedness; and the balance for working capital and general corporate purposes. |
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