| Ticker: FTIC | 2021 Research Drive | |
| Exchange: NASDAQ-National Market | Annapolis, Maryland 21401 | |
| Industry: Service | (410) 224-8770 |
| Type of Shares: | Common Shares | Filing Date: | 3/5/96 | |
| U.S. Shares: | 1,800,000 | Offer Date: | 5/8/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $7.50 - $9.50 | |
| Primary Shares: | 1,300,000 | Offer Price: | $8.50 | |
| Secondary Shares: | 500,000 | Gross Spread: | $0.60 | |
| Offering Amount: | $15,300,000 | Selling: | $0.36 | |
| Expenses: | $500,000 | Reallowance: | $0.10 | |
| Shares Out After: | 3,867,712 |
| Manager | Tier | Phone |
| Unterberg Harris | Lead Manager | (212) 888-5609 |
| Legg Mason Wood Walker, Inc. | Co-manager | (410) 539-3400 |
| Auditor: Ernst & Young | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $20.33 | $6.24 | $4.71 | Assets: | $10.92 |
| Net Income: | $1.14 | $0.36 | $0.23 | Liabilities: | $6.12 |
| EPS: | $0.42 | $0.14 | $0.08 | Equity: | $4.79 |
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 provider of litigation support services including visual communications, engineering services and trial consulting that assist attorneys and corporations in developing their trial themes and strategies. The company also assessing the strength of their cases, and creating state-of-the-art courtroom presentations. The company has developed innovative applications for advanced technologies in the courtroom, such as computer animation and simulation, which greatly enhance presentations and expert testimony on complex subjects such as airplane crashes, financial disputes and physical phenomena. the company believes that increases in the volume, risk, complexity and cost of litigation have driven the need for litigation support services that utilize advanced technologies to provide competitive advantages in the courtroom on a cost-effective basis. The company's visual communications services enable attorneys to utilize illustrative poster boards known as court boards and videos to present issues in an accurate, concise and powerful manner during trial. Through computer generated 3D animation, the company illustrates dynamic events that cannot be effectively portrayed in a static presentation. The company has participated in many high profile trials, including the Northwest Airlines DC-9 crash in Detroit, the Dupont Plaza Hotel fire in San Juan, Puerto Rico, the Hunt brothers silver market case, the Amtrak Sunset Limited derailment and the O.J. Simpson trial. |
| Use of Proceeds |
| The proceeds from the offering will be used to repay debt, purchase capital equipment, repurchase common shares under the terms of pre-existing agreements and for general corporate purposes including possible acquisitions. |
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