| Ticker: INFO | 900 West Valley Road, Suite 1000 | |
| Exchange: NASDAQ-National Market | Wayne, Pennsylvania 19087 | |
| Industry: High-Tech | (610) 971-8840 |
| Type of Shares: | Class A Common Shares | Filing Date: | 3/15/96 | |
| U.S. Shares: | 2,250,000 | Offer Date: | 4/30/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $13.50 - $15.50 | |
| Primary Shares: | 2,250,000 | Offer Price: | $14.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.98 | |
| Offering Amount: | $32,625,000 | Selling: | $0.54 | |
| Expenses: | $600,000 | Reallowance: | $0.10 | |
| Shares Out After: | 9,386,834 |
| Manager | Tier | Phone |
| Hambrecht & Quist Incorporated | Lead Manager | (415) 576-3423 |
| Cowen & Company | Co-manager | (212) 495-6000 |
| Oppenheimer & Company, Inc. | Co-manager | (212) 667-7402 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 12/31/95 | ||||
| Revenue: | $0.45 | Assets: | $2.53 | ||
| Net Income: | -$7.48 | Liabilities: | $3.08 | ||
| EPS: | -$1.22 | Equity: | -$0.55 | ||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| Infonautics develops and markets online reference services that are content-rich, affordable and easy to use. The Company's customers include individuals and families, libraries, schools and other educational institutions. Infonautics' goal is to create a strong brand identity as the leading online reference service for the consumer and educational markets. The Company's services, Electric Library and Homework Helper, can be accessed for a fee directly through the Internet and various consumer online services. Electric Library and Homework Helper are designed to be user-friendly, yet sophisticated enough to satisfy experienced users' advanced search needs. These services feature easy-to-use graphical interfaces combined with a powerful natural language search capabilities. The Company has also packaged its core technology for licensing to publishers and service providers under the name Electronic Printing Press. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for expansion of its sales, marketing, engineering and customer support organizations; capital expenditures; and for general corporate purposes and working capital. |
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