| Ticker: DTSX | 3000 Northwoods Parkway, Building 330 | |
| Exchange: NASDAQ-Small Cap Market | Norcross, Georgia 30071 | |
| Industry: Manufacturing | (770) 798-1300 |
| Type of Shares: | Common Shares | Filing Date: | 12/20/95 | |
| U.S. Shares: | 1,070,000 | Offer Date: | 3/4/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $6.00 - $8.00 | |
| Primary Shares: | 1,070,000 | Offer Price: | $7.50 | |
| Secondary Shares: | 0 | Gross Spread: | $0.75 | |
| Offering Amount: | $7,490,000 | Selling: | $0.38 | |
| Expenses: | $829,600 | Reallowance: | $0.10 | |
| Shares Out After: | 3,770,000 | |||
| Spin out parent firm: | Peregrine Ventures II, L.P. | |||
| Manager | Tier | Phone |
| Barington Capital Group, L.P. | Lead Manager | (212) 974-5722 |
| Auditor: Price Waterhouse | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 6/30/95 | 12/31/95 | 12/31/94 | 12/31/95 | ||
| Revenue: | $10.23 | $4.64 | $4.29 | Assets: | $6.56 |
| Net Income: | $0.41 | -$1.00 | -$0.07 | Liabilities: | $3.88 |
| EPS: | $0.13 | -$0.34 | Equity: | $2.68 | |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company designs, manufactures, markets and services a broad range of products for the telecommunications industry. The company's primary customers are long distance carriers and wireless service providers, including those offering cellular telephone services and Personal Communications Services, and include MCI. Sprint, Dail Call, AirTouch and PCS PrimeCo L.P. The company's products, consisting of proprietary software and hardware modules, facilitate the control, monitoring and efficient transmission of high speed digital information through public or private telecommunications networks. The company's network access to public and private networks and various telecommunications services including voice and high speed data transmission, the Internet and video and desktop conferencing. The company's network control products enable service providers to detect degradation on their networks so that appropriate action may be taken in advance of service interruption. |
| Use of Proceeds |
| The company intends to use the net proceeds of this offering from the date of closing of this offering as follows: 1) $2.2 million - Product Development, 2) $1.4 million - Sales and Marketing, 3) $800,000 - Capital Expenditure, 4) $200,000 - Facilities Expansion, 5) $200,000 - Payment of Accrued Preferred Stock Dividends and 6) $1,592,900 - Working Capital. |
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