| Ticker: CFMT | 1336 Enterprise Drive | |
| Exchange: NASDAQ-National Market | West Chester, Pennsylvania 19380 | |
| Industry: Manufacturing | (610) 696-8300 |
| Type of Shares: | Common Shares | Filing Date: | 12/13/95 | |
| U.S. Shares: | 1,760,000 | Offer Date: | 6/18/96 | |
| Non-U.S. Shares: | 440,000 | Filing Range: | $13.00 - $15.00 | |
| Primary Shares: | 2,138,461 | Offer Price: | $10.00 | |
| Secondary Shares: | 61,539 | Gross Spread: | $0.70 | |
| Offering Amount: | $30,800,000 | Selling: | $0.40 | |
| Expenses: | $800,000 | Reallowance: | $0.10 | |
| Shares Out After: | 5,941,724 |
| Manager | Tier | Phone |
| PaineWebber Incorporated | Lead Manager | (212) 713-2626 |
| Donaldson, Lufkin & Jenrette Securities Corp. | Co-manager | (212) 504-4525 |
| Montgomery Securities | Co-manager | 4156272220 |
| UBS Securities Inc. | Co-manager | (212) 230-4000 |
| Auditor: Arthur Andersen | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 10/31/95 | 4/30/96 | 4/30/95 | 4/30/96 | ||
| Revenue: | $23.43 | $19.70 | $9.33 | Assets: | $27.29 |
| Net Income: | $1.40 | $1.35 | $0.25 | Liabilities: | $16.17 |
| EPS: | $0.35 | $0.34 | $0.06 | Equity: | $11.13 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company designs, manufactures and markets wet processing equipment to the semiconductor and flat panel display industries. The company's products are based on its patented Full-Flow enclosed processing and Direct Displacement drying technologies and are designed to perform various critical cleaning and etching and photoresist stripping process steps in the manufacture of semiconductors and FPDs. The company believes that its patented Full-Flow enclosed processing and Direct-Displacement drying technologies enable it to provide wet processing systems that address a variety of limitations inherent in conventional systems, including wet benches and spray tools, resulting in a significantly lower COO for the company's Full-Flow systems. The company's Full-Flow systems automatically load wafers or FPD substrates into a fully-enclosed, flow-optimized processing vessel, which isolates them during processing from the damaging effects of exposure to cleanroom air and associated contaminants. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for debt repayment, expansion and upgrades of its facilities and systems and for general corporate purposes including working capital, acquisitions or investments in complementary businesses, products or technologies. |
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