| Ticker: NVSN | 7680 Old Springhouse Road, First Floor | |
| Exchange: NASDAQ-Small Cap Market | McLean, Virginia 22102 | |
| Industry: Service | (703) 506-8808 |
| Type of Shares: | Common Shares | Filing Date: | 4/2/96 | |
| U.S. Shares: | 1,300,000 | Offer Date: | 5/29/96 | |
| Non-U.S. Shares: | 0 | Filing Price: | $5.00 | |
| Primary Shares: | 1,300,000 | Offer Price: | $5.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.50 | |
| Offering Amount: | $6,500,000 | Selling: | $0.40 | |
| Expenses: | $875,000 | Reallowance: | ||
| Shares Out After: | 5,250,000 |
| Manager | Tier | Phone |
| Stratton Oakmont Inc. | Lead Manager | (516) 358-1800 |
| Auditor: Grant Thornton | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $0.63 | $0.26 | $0.22 | Assets: | $1.13 |
| Net Income: | -$1.99 | -$0.22 | -$0.28 | Liabilities: | $2.06 |
| EPS: | -$0.62 | -$0.06 | -$0.09 | Equity: | -$0.93 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| n-Vision, Inc., a Delaware corporation, designs, develops, manufactures and markets state-of-the-art, proprietary virtual reality products and systems for a variety of commercial, industrial and military applications. The Company currently has developed five principal VR products and systems: Datavisor VGA, Datavisor 10m, Datavisor 10x, Datavisor 10XL, and Virtual Binoculars. The Company introduced the first commercially available head mounted display VR system to achieve over one million pixels per eye in monochrome. The VR or artificial environment created by the Company's proprietary VR products and systems utilizes computer hardware and software, including operating systems, simulation software, computer-aided design, graphics applications, computer-aided software engineering tools, and database and knowledge base management tools and systems. Commercial and industrial uses of the Company's VR products and systems include, but are not limited to, medicine, simulation, training and education, industrial design and environmental, and entertainment applications. |
| Use of Proceeds |
| The proceeds from the offering will be used for administrative expenses, operating costs and working capital, including software support and development, capital equipment, marketing and sales, mergers and acquisitions, and the repayment of debt. |
©1996 IPO Data Systems, Inc. - All rights reserved.