| Ticker: MDII | 2301 Commonwealth Boulevard | |
| Exchange: NASDAQ-National Market | Ann Arbor, Michigan 48105 | |
| Industry: Wholesale | (313) 994-3800 |
| Type of Shares: | Common Shares | Filing Date: | 3/29/96 | |
| U.S. Shares: | 2,365,000 | Offer Date: | 5/14/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $9.00 - $11.00 | |
| Primary Shares: | 1,500,000 | Offer Price: | $11.00 | |
| Secondary Shares: | 865,000 | Gross Spread: | $0.77 | |
| Offering Amount: | $23,650,000 | Selling: | $0.47 | |
| Expenses: | $880,000 | Reallowance: | $0.10 | |
| Shares Out After: | 5,388,472 |
| Manager | Tier | Phone |
| Wessels, Arnold & Henderson | Lead Manager | (612) 373-6121 |
| SoundView Financial Group, Inc. | Co-manager | (203) 462-7200 |
| Auditor: Arthur Andersen | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $21.26 | $6.05 | $4.65 | Assets: | $9.61 |
| Net Income: | $1.38 | $0.37 | $0.16 | Liabilities: | $6.97 |
| EPS: | $0.30 | $0.01 | $0.03 | Equity: | $2.64 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| Mechanical Dynamics is a leader in developing, marketing and supporting virtual prototyping solutions. MDI's virtual prototyping software allows the engineer or designer to design a complete product by simulating, both visually and mathematically, a product in motion. The Company's software products help engineers and designers create optimal designs before the physical testing process begins, improving the engineer's or designer's ability to create a design that will meet or exceed the initial product specifications. MDI's virtual prototyping software can reduce the requirement of building and testing numerous physical prototypes and can lead to significant cost savings as well as critical reductions in time-to-market. MDI's virtual prototyping software simulates the many varied and complex component interactions and operating environments that companies face when designing their products, reducing the need for multiple physical prototypes. |
| Use of Proceeds |
| The proceeds from the offering will be used for working capital and general corporate purposes, including possible acquisitions or investments in businesses or products which use technologies complementary to the company's. |
©1996 IPO Data Systems, Inc. - All rights reserved.