| Ticker: NTST | 146 Nassau Avenue | |
| Exchange: NASDAQ-Small Cap Market | Islip, New York 11751 | |
| Industry: High-Tech | (516) 968-2000 |
| Type of Shares: | Common Shares | Filing Date: | 3/20/96 | |
| U.S. Shares: | 1,125,000 | Offer Date: | 8/13/96 | |
| Non-U.S. Shares: | 0 | Filing Price: | $4.00 | |
| Primary Shares: | 1,125,000 | Offer Price: | $4.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.40 | |
| Offering Amount: | $4,500,000 | Selling: | $0.20 | |
| Expenses: | $525,000 | Reallowance: | $0.10 | |
| Shares Out After: | 5,786,253 |
| Manager | Tier | Phone |
| Monroe Parker & Company | Lead Manager | (914) 696-4200 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $7.38 | $2.56 | $1.43 | Assets: | $7.67 |
| Net Income: | -$2.85 | -$0.08 | -$0.56 | Liabilities: | $7.19 |
| EPS: | $0.59 | $0.02 | -$0.12 | Equity: | $0.49 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company develops, manufactures, and markets computer software products designed to enable organizations to provide a range of services in a network computing environment. A network computing environ mentis a computer system that provides multiple users with access to a common data base and functions. A network system can be a local system, such as a local area network, known as a LAN, which operates within and office or facility, or a distributed system which provides simultaneous access to a common data base to many users at multiple locations. There are typically three parties in the Company's network systems -- the sponsor, the users and the service providers. The sponsor is the party that maintains the data base. The sponsor may be a managed care organization, a university or a financial institution. The users are the individuals who use the system, and may be the subscribers of a managed care organization, the students at a university or the bank card or credit card holders of a financial network.The service providers are those who provide goods or services to the users. |
| Use of Proceeds |
| Proceeds from the proposed offering will be used to pay for outstanding loans, including loans due to related parties and for working capital and other general corporate purposes. |
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