| Ticker: NIS | Five Concourse Parkway, Suite 700 | |
| Exchange: New York Stock Exchange | Atlanta, Georgia 30328 | |
| Industry: High-Tech | (770) 396-1456 |
| Type of Shares: | Common Shares | Filing Date: | 3/1/96 | |
| U.S. Shares: | 3,500,000 | Offer Date: | 5/8/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $12.00 - $14.00 | |
| Primary Shares: | 3,268,415 | Offer Price: | $19.00 | |
| Secondary Shares: | 231,585 | Gross Spread: | $1.33 | |
| Offering Amount: | $45,500,000 | Selling: | $0.78 | |
| Expenses: | $1,310,000 | Reallowance: | $0.10 | |
| Shares Out After: | 28,150,401 |
| Manager | Tier | Phone |
| Alex. Brown & Sons Incorporated | Lead Manager | (410) 727-1700 |
| Montgomery Securities | Co-manager | 4156272220 |
| Robinson-Humphrey Company, Inc., The | Co-manager | (404) 266-6000 |
| Smith Barney Inc. | Co-manager | (718) 921-8473 |
| Auditor: Ernst & Young | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 2/28/95 | 12/31/95 | 12/31/95 | |||
| Revenue: | $93.59 | $129.04 | Assets: | $58.12 | |
| Net Income: | -$1.21 | $4.89 | Liabilities: | $32.10 | |
| EPS: | -$0.13 | $0.24 | Equity: | $26.02 | |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| NOVA Corporation is an integrated provider of transaction processing services, related software application products and value-added services primarily to small-to-medium sized merchants. The Company believes that at December 31, 1995 it was the nation's eighth largest bankcard processor. The Company provides transaction processing support for all major credit and charge cards, including VISA, MasterCard, American Express, Discover, Diner's Club and JCB, and also provides access to debit card processing and check verification services. The Company provides merchants with a broad range of transaction processing services. The Company provides merchants with a broad range of transaction processing services, including authorizing card transactions at the point-of-sale, capturing and transmitting transaction data, effecting the settlement of payments and assisting merchants in resolving billing disputes with their customers. In addition, the Company has developed several value-added software applications that can be delivered to its customers and updated via its proprietary telecommunications network. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to pay accrued dividends on preferred shares, to redeem Series D Preferred Shares, to repay debt, future merchant portfolio acquisitions and for general corporate purposes including working capital. |
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