| Ticker: IMCX | 400 S. Colorado Boulevard, Suite 500 | |
| Exchange: NASDAQ-Small Cap Market | Denver, Colorado 80222 | |
| Industry: High-Tech | (303) 399-3700 |
| Type of Shares: | Common Shares | Filing Date: | 3/5/96 | |
| U.S. Shares: | 1,400,000 | Offer Date: | 6/4/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $5.00 - $6.50 | |
| Primary Shares: | 1,400,000 | Offer Price: | $5.75 | |
| Secondary Shares: | 0 | Gross Spread: | $0.57 | |
| Offering Amount: | $8,050,000 | Selling: | $0.29 | |
| Expenses: | $600,000 | Reallowance: | ||
| Shares Out After: | 4,638,772 |
| Manager | Tier | Phone |
| Neidiger/Tucker/Bruner Inc. | Lead Manager | (800) 525-3086 |
| Joseph Charles & Associates, Inc. | Co-manager | (407) 659-7400 |
| Auditor: Ernst & Young | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $1.97 | $0.91 | $0.06 | Assets: | $1.46 |
| Net Income: | -$0.14 | -$0.52 | $0.22 | Liabilities: | $3.26 |
| EPS: | $0.04 | -$0.15 | $0.06 | Equity: | -$1.80 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company designs, sells and installs document imaging and work flow systems which improve productivity and customer service for health maintenance organizations, and health insurance companies, and for business and associations in different industries. The company's imaging systems integrate components manufactured by third party imaging software, hardware and peripheral vendors as well as the company's proprietary software and integration techniques. Using expertise gained in the design and installation of numerous imaging systems for its clients, the company has developed the ClaimMatrix system, an imaging-based claims processing software and work flow control system for Coverage Providers. The company's ClaimMatrix system will allow users to re-engineer their claims management processes to access information on a more cost-effective basis and to achieve cost savings through productivity increases. The ClaimMatrix system enhances user productivity by decreasing claims processing time, improving overall information system quality, improving customer service, reducing error rate and improving information flow, while maintaining connectivity to the user's host computer system. |
| Use of Proceeds |
| The proceeds from the offering will be used to repay debt, fund product development and enhancements, fund potential acquisitions, open additional sales offices and for working capital. |
©1996 IPO Data Systems, Inc. - All rights reserved.