| Ticker: PRLO | 2731 East Elvira Street | |
| Exchange: NASDAQ-Small Cap Market | Tucson, Arizona 85706 | |
| Industry: High-Tech | (602) 741-1001 |
| Type of Shares: | Common Shares | Filing Date: | 2/10/94 | |
| U.S. Shares: | 1,050,000 | Offer Date: | 3/14/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $5.00 - $6.00 | |
| Primary Shares: | 1,050,000 | Offer Price: | $5.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.50 | |
| Offering Amount: | $5,775,000 | Selling: | $0.25 | |
| Expenses: | $464,500 | Reallowance: | ||
| Shares Out After: | 3,323,570 |
| Manager | Tier | Phone |
| Nutmeg Securities, Inc. | Lead Manager | (203) 255-5599 |
| Argent Securities, Inc. | Co-manager | (404) 237-1100 |
| Auditor: KPMG Peat Marwick | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 3/31/95 | 12/31/95 | 12/31/94 | 12/31/95 | ||
| Revenue: | $0.87 | $1.53 | $0.61 | Assets: | $2.59 |
| Net Income: | -$0.52 | -$0.46 | -$0.03 | Liabilities: | $2.27 |
| EPS: | -$0.23 | -$0.19 | -$0.01 | Equity: | $0.33 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company provides applications software and integration services for the commercial market, specializing in the manufacturing and wholesale distribution industries. The company was founded in April of 1984 in Tuscon, Arizona. The company's products and services are not directed to the retail consumer market. In conjunction with the software products, the company provides systems integration services. These systems integration services include software development, software re-engineering, consulting, maintenance, training and the installation of hardware on which to implement the company's software products. The company introduced to the commercial marketplace, for evaluation, in September of 1994, a controlled release of its object-oriented development system, termed PROLOGIC XL. The company released the product for general and internal use in January, 1995, however it has not yet been marketed as a stand-alone product. |
| Use of Proceeds |
| General corporate purposes; expansion of sales and marketing personnel; repayment of certain indebtedness; including Bridge Notes. |
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