| Ticker: OSIA | 2502 N. Black Canyon Highway | |
| Exchange: NASDAQ-National Market | Phoenix, Arizona 85009 | |
| Industry: Service | (602) 246-9569 |
| Type of Shares: | Common Shares | Filing Date: | 2/22/96 | |
| U.S. Shares: | 2,950,000 | Offer Date: | 4/24/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $11.00 - $13.00 | |
| Primary Shares: | 2,234,892 | Offer Price: | $15.00 | |
| Secondary Shares: | 715,108 | Gross Spread: | $1.05 | |
| Offering Amount: | $35,400,000 | Selling: | $0.60 | |
| Expenses: | $550,000 | Reallowance: | $0.10 | |
| Shares Out After: | 11,611,071 |
| Manager | Tier | Phone |
| Alex. Brown & Sons Incorporated | Lead Manager | (410) 727-1700 |
| Donaldson, Lufkin & Jenrette Securities Corp. | Co-manager | (212) 504-4525 |
| Auditor: Deloitte & Touche | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 12/31/95 | ||||
| Revenue: | $74.69 | Assets: | $138.21 | ||
| Net Income: | $0.31 | Liabilities: | $149.91 | ||
| EPS: | $0.03 | Equity: | -$11.70 | ||
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 outdoor advertising company, operating approximately 12,700 advertising display faces in Houston, Atlanta, Phoenix, Denver, New Orleans, Louisville, Tucson and Columbus. These wight metropolitan areas are primarily located in the sunbelt and include attractive outdoor advertising markets, where widely scattered communities, outdoor lifestyles and a lack of rail transit have created a strong dependence on highway travel. The diversity of the company's markets enables it to offer advertisers access to both major business centers and leading tourist destinations. The company is the principal outdoor advertising company in five of its eight markets, operating the largest share of outdoor advertising displays in Atlanta, Phoenix, New Orleans, Louisville and Columbus. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for retirement of subordinated debt, redemption of preferred stock and repayment of amounts outstanding under a bank credit facility. |
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