| Ticker: SSOL | Metro Center, One Station Place | |
| Exchange: NASDAQ-Small Cap Market | Stamford, Connecticut 06902 | |
| Industry: High-Tech | (203) 353-5950 |
| Type of Shares: | Common Shares | Filing Date: | 1/9/96 | |
| U.S. Shares: | 1,500,000 | Offer Date: | 3/22/96 | |
| Non-U.S. Shares: | 0 | Filing Price: | $5.00 | |
| Primary Shares: | 1,500,000 | Offer Price: | $5.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.50 | |
| Offering Amount: | $7,500,000 | Selling: | $0.20 | |
| Expenses: | $395,293 | Reallowance: | $0.10 | |
| Shares Out After: | 3,500,000 |
| Manager | Tier | Phone |
| Rickel & Associates, Inc. | Lead Manager | (800) 678-2664 |
| Auditor: Ernst & Young | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 6/30/95 | 12/31/95 | 12/31/94 | 12/31/95 | ||
| Revenue: | $0.00 | $0.00 | $0.00 | Assets: | $0.54 |
| Net Income: | -$1.85 | -$0.91 | -$0.91 | Liabilities: | $3.24 |
| EPS: | -$1.12 | -$0.49 | -$0.50 | Equity: | -$2.70 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The Company, a development stage company, provides online information and transactional services to subscribers through generally available screen-based phones, personal computers, personal digital assistants and interactive voice response systems. The Company offers a range of services designed to meet the varied needs of clients of strategic partners, as well as direct subscribers. These services include: business credit information, investment newsletters, stock research reports, stock quotes, nationwide business and residential directory services, business and financial news, electronic bill payment, research and analysis reports, reports on trading by insiders of corporations, stock recommendations, online package tracking, electronic mail and ordering flowers and gifts. The company provides such services pursuant to non-exclusive agreements with the following providers of online information and transactional services: Checkfree Corporation, Dow Jones & Company, Dun & Bradstreet, Inc., Federal Express Corporation, Global Financial Traders, Ltd. and others. |
| Use of Proceeds |
| Proceeds from the proposed offering will be applied to repay certain outstanding indebtedness of the company, to make certain payments in connection with the termination of the consulting agreement to make certain payments under the Norwood Stipulation and the Jericho Release and for working capital and other general corporate purposes. |
©1996 IPO Data Systems, Inc. - All rights reserved.