| Ticker: MODA | 1954 Corner Avenue | |
| Exchange: NASDAQ-Small Cap Market | Los Angeles, California 90025 | |
| Industry: High-Tech | (310) 312-6632 |
| Type of Shares: | Common Shares | Filing Date: | 2/7/96 | |
| U.S. Shares: | 1,400,000 | Offer Date: | 3/28/96 | |
| Non-U.S. Shares: | 0 | Filing Price: | $5.00 | |
| Primary Shares: | 1,400,000 | Offer Price: | $5.01 | |
| Secondary Shares: | 0 | Gross Spread: | $0.50 | |
| Offering Amount: | $7,000,000 | Selling: | $0.25 | |
| Expenses: | $727,420 | Reallowance: | ||
| Shares Out After: | 3,454,492 |
| Manager | Tier | Phone |
| W.B. McKee Securities, Inc. | Lead Manager | (602) 954-0333 |
| Auditor: Singer, Lewak, Greenbaum & Goldstein | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 12/31/95 | ||||
| Revenue: | $1.91 | Assets: | $1.86 | ||
| Net Income: | $0.32 | Liabilities: | $5.82 | ||
| EPS: | $0.12 | Equity: | -$3.96 | ||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company designs virtual reality, rendering and modeling software for industrial design and retail customers primarily in the apparel, textile, home furnishings and home design industries. The company's existing products utilize the company's proprietary modeling and rendering technology, operate on standard personal computers running Macintosh or Windows operating systems and are grouped into two principal product families: computer aided design (CAD) and electronic merchandising software products. The company's CAD software products are used principally by industrial designers to model 3-D synthetic objects from 2-D images and to render such objects in real time with photorealistic imagery. The company's electronic merchandising software combines their technology with digital product catalogs produced by the company or by product manufacturers using the company's CAD software. The company's electronic merchandising software is used primarily by home furnishings and fixtures manufacturers and in retail operations as a point-of-sale tool to allow customers to custom design merchandise through the use of interactive shopping kiosks or desktop PC's. |
| Use of Proceeds |
| Proceeds from the proposed offering will be used for working capital, capital expenditures and other general corporate purposes, the repurchase of shares from two shareholders, the repayment of certain short-term indebtedness and the payment of certain accrued but unpaid compensation. |
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