| Proposed Ticker: TVTV | 1080 River Oaks Drive, Suite A150 | |
| Exchange: NASDAQ-National Market | Jackson, Mississippi 39208 | |
| Industry: Service | (601) 936-1515 |
| All share information is proposed | ||||
| Type of Shares: | Common Shares | Filing Date: | 2/13/96 | |
| U.S. Shares Filed: | 2,750,000 | Filing Range: | $10.00 - $12.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $30,250,000 | |
| Primary Shares: | 2,750,000 | Expenses: | - | |
| Secondary Shares: | 0 | Shs Out After: | 7,350,000 | |
| Manager | Tier | Phone |
| Alex. Brown & Sons Incorporated | Lead Manager | (410) 727-1700 |
| Prudential Securities Incorporated | Co-manager | (212) 214-3000 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 12/31/95 | ||||
| Revenue: | $3.08 | Assets: | $12.88 | ||
| Net Income: | -$2.50 | Liabilities: | $5.29 | ||
| EPS: | -$1.33 | Equity: | $7.59 | ||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company acquires, develops, owns and operates wireless cable television systems within the southeastern United States. The company's existing markets and pending acquisition markets comprise a large, contiguous cluster including the state of Mississippi, western Tennessee and western Alabama and nearby markets in Alabama, Arkansas and Tennessee. The company believes its Mississippi and target Tennessee and Alabama markets alone comprise one of the largest contiguous geographic clusters of any wireless cable provider in the United States. Upon completion of its pending acquisitions, the company estimates that its markets will cover approximately 2.6 million total households, of which approximately 2.0 million will have a direct, unobstructed transmission path from one of the company's existing or planned transmitting antennas to an antenna that may be placed at the location of each household. The company operates in and targets primarily rural and small to mid-size markets with topographical features and customer demographics which it believes are well suited for wireless cable. Due to their low housing densities, many of these markets include areas that are unpassed by traditional hardware cable competitors. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay certain interim financing, repay short term indebtedness, acquire channel rights, pay the cash portion of certain pending acquisitions, pay accrued preferred stock dividends, acquire channel rights and finance the launch and development of additional markets. |
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