| Ticker: ANST | Four Station Square | |
| Exchange: NASDAQ-National Market | Pittsburgh, Pennsylvania 15219 | |
| Industry: High-Tech | (412) 261-3200 |
| Type of Shares: | Common Shares | Filing Date: | 2/15/96 | |
| U.S. Shares: | 1,500,000 | Offer Date: | 4/3/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $8.00 - $10.00 | |
| Primary Shares: | 1,500,000 | Offer Price: | $8.50 | |
| Secondary Shares: | 0 | Gross Spread: | $0.60 | |
| Offering Amount: | $13,500,000 | Selling: | $0.33 | |
| Expenses: | $500,000 | Reallowance: | $0.10 | |
| Shares Out After: | 7,619,792 | |||
| Spin out parent firm: | American Banner Resources, Inc. | |||
| Manager | Tier | Phone |
| Janney Montgomery Scott | Lead Manager | (215) 665-6520 |
| Pennsylvania Merchant Group Ltd | Co-manager | (215) 975-8120 |
| Auditor: KPMG Peat Marwick | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 4/30/95 | 1/31/96 | 12/31/95 | 1/31/96 | ||
| Revenue: | $6.15 | $6.01 | $4.28 | Assets: | $2.87 |
| Net Income: | -$0.31 | $0.40 | -$0.49 | Liabilities: | $0.82 |
| EPS: | -$0.06 | $0.06 | -$0.09 | Equity: | $2.05 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The Company develops, markets and supports electronic design automation software, based upon electromagnetic principles, for the design of electronic, communications and electromechanical components and systems. The Company believes that its proprietary products enable design engineers to develop smaller systems with higher performance and greater yields that can be developed with traditional EDA tools, and result in reduced time-to-market, lower risk of failure and elimination of costly and time-consuming product redesign. The Company's products are used by design engineers in the communications, semiconductor, automotive, computer, defense/aerospace and consumer electronics industries. The Company's customers include GM, Motorola, Raytheon, TRW, Mitsubishi, Texas Instruments, Hitachi, Lucky-Goldstar, AT&T; and Sun Microsystems. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for working capital and general corporate purposes. |
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