| Ticker: LOGLF | Upper Galilee | |
| Exchange: NASDAQ-National Market | Kiryat Shmona, Foreign | |
| Industry: High-Tech | 9726951652 |
| Type of Shares: | Ordinary Shares | Filing Date: | 2/14/96 | |
| U.S. Shares: | 1,500,000 | Offer Date: | 3/20/96 | |
| Non-U.S. Shares: | 400,000 | Filing Range: | $10.00 - $12.00 | |
| Primary Shares: | 1,900,000 | Offer Price: | $8.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.56 | |
| Offering Amount: | $20,900,000 | Selling: | $0.28 | |
| Expenses: | $1,100,000 | Reallowance: | $0.10 | |
| Shares Out After: | 5,700,000 |
| Manager | Tier | Phone |
| Lehman Brothers Incorporated | Lead Manager | (212) 640-6129 |
| Oppenheimer & Company, Inc. | Co-manager | (212) 667-7402 |
| Auditor: Ernst & Young | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 12/31/95 | ||||
| Revenue: | $5.10 | Assets: | $4.29 | ||
| Net Income: | -$1.08 | Liabilities: | $4.16 | ||
| EPS: | -$0.29 | Equity: | $0.13 | ||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The Company designs, creates, publishes and markets interactive, simulation-based, educational software and laboratory probeware products for science and math curriculums in high schools and colleges. The Company currently markets 27 product titles which are based on an "active" approach to learning and enable students and teachers to control, manipulate, and visually experience real-time simulations in the areas of biology, chemistry, physics and math. In addition, the Company offers 22 probeware products that complement the Company's science product line and are used for computer-based experiments. All of the Company's products are available for both Microsoft Windows and Apple Macintosh operating environments. To date, over 3,500 schools in the United States have purchased the Company's products. The Company sells its products through its own sales force and through distributors, including Computer Curriculum Corporation, a subsidiary of Viacom Inc. and a leading supplier of integrated computer systems to schools. The Company also bundles its products for sale by Apple Computer, Inc. and has established strategic alliances with major educational publishers such as Prentice-Hall, Inc. and Houghton Mifflin Company for the integration of textbook content with interactive software titles to be sold with these companies' textbooks. |
| Use of Proceeds |
| From the proceeds the company intends to repay approximately $1.8 million in outstanding principal amount of Israeli Government-backed loans. The company also anticipates using the net proceeds as follows: approximately 10% to 20% for expansion of its marketing activities, approximately 10% to 20% for additional research and product development and the remainder for working capital and general corporate purposes. |
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