| Ticker: SSII | 2985 E Hillcrest Drive, Suite A | |
| Exchange: NASDAQ-Small Cap Market | Westlake Village, California 91362 | |
| Industry: High-Tech | (805) 494-9996 |
| Type of Shares: | Common Shares | Filing Date: | 12/22/95 | |
| U.S. Shares: | 2,400,000 | Offer Date: | 7/2/96 | |
| Non-U.S. Shares: | 0 | Filing Price: | $4.00 | |
| Primary Shares: | 2,400,000 | Offer Price: | $4.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.40 | |
| Offering Amount: | $9,600,000 | Selling: | $0.20 | |
| Expenses: | $600,000 | Reallowance: | $0.10 | |
| Shares Out After: | 4,208,291 |
| Manager | Tier | Phone |
| Boston Group | Lead Manager | (800) 382-3220 |
| Joseph Stevens & Company, L.P. | Co-manager | (212) 361-3000 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 6/30/95 | 12/31/95 | 12/31/94 | 12/31/95 | ||
| Revenue: | $2.16 | $1.12 | $1.60 | Assets: | $4.17 |
| Net Income: | -$1.73 | -$2.01 | -$0.45 | Liabilities: | $1.43 |
| EPS: | -$0.85 | -$1.08 | -$0.23 | Equity: | $2.73 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| Sound Source Interactive, Inc. (the "Company") is engaged primarily in developing, publishing and marketing educational, interactive computer software for children. MOVIEBOOKS, which combine text, photos, sound clips and actual film footage of well recognized family films and cartoon series, are the Company's major software products. MOVIEBOOKS are developed and published by the Company on compact disk-read only memory ("CD-ROM") for multimedia personal computers ("Multimedia PCs") as entertaining, interactive reading tools for young children. The Company also produces a variety of entertainment computer software utilities which incorporate screen savers, sound clips known as AUDIOCLIPS other content based on entertainment properties. The new entertainment utilities are marketed as limited edition serialized collector editions. The Company is currently developing another line of products which it refers to as creativity centers. This product line combines learning activities such as painting, drawing, matching, puzzles and mazes within a framework of three distinct skill levels. |
| Use of Proceeds |
| Proceeds from the proposed offering will be used to repay notes issued to investors in a 1995 private placement, to obtain additional licenses, to pay sales and marketing costs, to make capital expenditures and for working capital. |
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