| Proposed Ticker: | MMAC | 2665 Villa Creek Drive, Suite 200 | |
| Exchange: | NASDAQ-Small Cap Market | Dallas, Texas 75234 | |
| Industry: | Manufacturing | (972) 488-7200 |
| All share information is proposed | ||||
| Type of Shares: | Common Shares | Filing Date: | 8/9/96 | |
| U.S. Shares Filed: | 1,800,000 | Filing Range: | $5.00 - $6.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $9,900,000 | |
| Primary Shares: | 1,800,000 | Expenses: | - | |
| Secondary Shares: | 0 | Shs Out After: | 7,324,963 | |
| Manager | Tier | Phone |
| National Securities Corp. | Lead Manager | (206) 622-7200 |
| Network One Financial Securities, Inc. | Co-manager | (908) 758-9001 |
| Auditor: Ernst & Young | |||||
| 6 Month Ending Financials | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 6/30/96 | 6/30/95 | 6/30/96 | ||
| Revenue: | $0.29 | $0.68 | $0.18 | Assets: | $1.24 |
| Net Income: | -$5.41 | -$2.06 | -$2.42 | Liabilities: | $4.49 |
| EPS: | -$0.98 | -$0.34 | -$0.45 | Equity: | -$3.25 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company develops and markets advanced video communications products for the personal computer and workstation marketplaces. Applications include desktop videoconferencing, Internet and Intranet video communications, video-based training, video surveillance, distance learning and high quality workgroup video communications. While the company sells its core video compression-decompression and video switching technologies to resellers and systems integrators, its primary strategy is to develop and market video communications applications using its technologies. The company, in September 1996, entered into a reseller agreement with Unisys Corporation, a nationwide systems integrator and reseller, to purchase and resell the company's Viewpoint VBX. |
| Use of Proceeds |
| The proceeds of the offering will be used for repayment of outstanding accounts payable and indebtedness; marketing and sales activities; research and development; and the balance for working capital and general corporate purposes. |
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