| Ticker: WAVE | One Passaic Avenue | |
| Exchange: NASDAQ-Small Cap Market | Fairfield, New Jersey 07004 | |
| Industry: Manufacturing | (201) 882-8810 |
| Type of Shares: | Common Shares | Filing Date: | 4/2/96 | |
| U.S. Shares: | 2,200,000 | Offer Date: | 7/3/96 | |
| Non-U.S. Shares: | 0 | Filing Price: | $5.00 | |
| Primary Shares: | 2,200,000 | Offer Price: | $5.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.45 | |
| Offering Amount: | $11,000,000 | Selling: | $0.18 | |
| Expenses: | $700,000 | Reallowance: | $0.10 | |
| Shares Out After: | 5,205,000 |
| Manager | Tier | Phone |
| Rickel & Associates, Inc. | Lead Manager | (800) 678-2664 |
| Auditor: Coopers & Lybrand | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 3/31/96 | 3/31/96 | ||||
| Revenue: | $0.00 | Assets: | $1.39 | ||
| Net Income: | $0.56 | Liabilities: | $1.49 | ||
| EPS: | $0.17 | Equity: | -$0.10 | ||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is a development stage company that develops products to improve picture quality in televisions, computer monitors and other display devices by enhancing and manipulating video signals, including signals that have been compressed for storage. Signals have also been compressed for transmission over satellite and cable systems and the Inter net and products to facilitate the production of sophisticated videos by both amateurs and professionals. The company's Video Enhancement Products are based on technology resulting from proprietary multi-zone mapping of Analog Video Waves into which Analog Light Waves have been converted. This mapping technology permits the alteration, augmentation and correction of the wave to improve color, contrast, brightness and clarity. Each of the company's Enhancement Products has the ability to improve one or more of these characteristics. The company's Video Production Products integrate new and existing components, including the company's own Video Enhancement Products, into a system that the company believes will provide competitively priced, sophisticated video production capabilities. The company believes that each of these products contains proprietary technology. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay bridge notes, research and development, marketing, manufacturing and assembly, general and administrative expense, purchase of equipment and inventory, and for working capital and other general corporate purposes. |
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