| Ticker: PTEK | 3399 Peachtree Road, N.E., The Lenox Building, Suite 400 | |
| Exchange: NASDAQ-National Market | Atlanta, Georgia 30326 | |
| Industry: Service | (404) 237-2911 |
| Type of Shares: | Common Shares | Filing Date: | 12/19/95 | |
| U.S. Shares: | 6,500,000 | Offer Date: | 3/5/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $12.00 - $14.00 | |
| Primary Shares: | 4,570,000 | Offer Price: | $18.00 | |
| Secondary Shares: | 1,930,000 | Gross Spread: | $1.22 | |
| Offering Amount: | $84,500,000 | Selling: | $0.70 | |
| Expenses: | $850,000 | Reallowance: | $0.10 | |
| Shares Out After: | 20,612,068 |
| Manager | Tier | Phone |
| Alex. Brown & Sons Incorporated | Lead Manager | (410) 727-1700 |
| Donaldson, Lufkin & Jenrette Securities Corp. | Co-manager | (212) 504-4525 |
| J.C. Bradford & Co. | Co-manager | (615) 271-1334 |
| Robertson, Stephens & Company | Co-manager | (415) 989-8500 |
| Auditor: Arthur Andersen | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 12/31/95 | ||||
| Revenue: | $22.33 | Assets: | $16.99 | ||
| Net Income: | $1.61 | Liabilities: | $8.80 | ||
| EPS: | $0.10 | Equity: | $8.19 | ||
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 and telecommunications services to users through its network management system platform. The NMS is accessible from virtually any telephone in the world and is also designed to communicate with PCs, facsimile machines and pagers. The Company's proprietary software, together with the modular and scalable architecture and open-systems design of the NMS, enable the Company to customize its services at the individual subscriber level and to easily expand system capacity. The demand for information and telecommunications services has grown rapidly in recent years as society has become increasingly mobile. Response to this demand has resulted in a device-dependent environment with fragmented access and delivery in which users communicate and send and receive information by means of numerous unintegrated communications devices. In this environment, individuals requiring access to multiple information and communications services must use a multitude of access devices, work across a number of interface protocols and manage a large number of service providers, which is cumbersome, inconvenient and expensive. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for expansion, repayment of existing debt, working capital and other general corporate purposes, including possible future acquisitions. |
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