| Ticker: QMRK | 1329 W. 121st Avenue | |
| Exchange: NASDAQ-Small Cap Market | Denver, Colorado 80234 | |
| Industry: Manufacturing | (303) 254-8800 |
| Type of Shares: | Common Shares | Filing Date: | 2/21/96 | |
| U.S. Shares: | 1,350,000 | Offer Date: | 4/8/96 | |
| Non-U.S. Shares: | 0 | Filing Price: | $3.75 | |
| Primary Shares: | 1,350,000 | Offer Price: | $3.75 | |
| Secondary Shares: | 0 | Gross Spread: | $0.38 | |
| Offering Amount: | $5,062,500 | Selling: | $0.23 | |
| Expenses: | $340,000 | Reallowance: | $0.00 | |
| Shares Out After: | 3,195,484 |
| Manager | Tier | Phone |
| Summit Investment Corporation | Lead Manager | (612) 338-1400 |
| Auditor: Price Waterhouse | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 12/31/95 | ||||
| Revenue: | $4.03 | Assets: | $1.94 | ||
| Net Income: | -$0.12 | Liabilities: | $1.68 | ||
| EPS: | -$0.05 | Equity: | $0.27 | ||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company designs, manufactures and markets proprietary systems which rapidly and efficiently induce product design and manufacturing related failures, thereby providing manufacturers the necessary information to improve product quality. The company's patented physical stress systems allow manufacturers to quickly and comprehensively determine the true operating limits of their products, enabling them to reduce design costs, improve product reliability, shorten time to market, reduce warranty costs, and extend warranty periods. The company's systems are used by manufacturers in a wide range of industries to perform stress testing on a variety of electronic and electro-mechanical products including circuit boards, blood glucose monitors, flight navigation systems, cellular telephones, airbag sensors, and consumer electronics products. The company's OVS physical stress system applies extreme thermal fluctuations and severe vibration to a manufacturer's product to generate information which is used to improve product quality. The company's system is used to perform stress techniques, commonly referred to as HALT and HASS, developed by the company's founder. |
| Use of Proceeds |
| Proceeds from the proposed offering will be used to repay debt, expand test centers, purchase fixed assets, expand sales and marketing and for working capital. |
©1996 IPO Data Systems, Inc. - All rights reserved.