| Ticker: AGTX | 28 West 23rd Street | |
| Exchange: NASDAQ-National Market | New York, New York 10010 | |
| Industry: Manufacturing | (212) 929-4111 |
| Type of Shares: | Common Shares | Filing Date: | 1/22/96 | |
| U.S. Shares: | 4,500,000 | Offer Date: | 4/16/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $10.00 - $12.00 | |
| Primary Shares: | 4,500,000 | Offer Price: | $12.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.84 | |
| Offering Amount: | $49,500,000 | Selling: | $0.47 | |
| Expenses: | $2,500,000 | Reallowance: | $0.10 | |
| Shares Out After: | 13,810,000 | |||
| Spin out parent firm: | Applied Printing | |||
| Manager | Tier | Phone |
| Cowen & Company | Lead Manager | (212) 495-6000 |
| Montgomery Securities | Co-manager | 4156272220 |
| Auditor: Coopers & Lybrand | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 12/31/95 | ||||
| Revenue: | $117.80 | Assets: | $44.81 | ||
| Net Income: | -$7.81 | Liabilities: | $64.19 | ||
| EPS: | -$0.54 | Equity: | -$19.38 | ||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is a leading independent provider of digital prepress services to magazine publishers, advertising agencies, entertainment companies and catalog retailers. The company's largest customers in each of these industries include McGraw-Hill, Newsweek and Conde Nast; The Interpublic Group and Grey Advertising; The Walt Disney Company and Time Warner; and Sears Roebuck & Company and Bloomingdale's. The company provides its services on an outsourcing basis, emphasizing its ability to provide a full range of services more effectively and economically than its customers could internally. In 1994, the company began to provide advanced digital imaging services to meet the evolving needs of its traditional customers and to exploit the rapidly expanding needs of new groups of customers. Digital archiving and distribution services are now being provided to customers including General Motors, Time Warner's Time Picture Collections, CBS, the American Society of Media Photographers and the United States Holocaust Memorial Museum. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay debt, used for working capital, capital expenditures and for other general corporate purposes. |
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