| Ticker: ANSY | 3939 International Gateway | |
| Exchange: NASDAQ-National Market | Columbus, Ohio 43219 | |
| Industry: Transportation | (614) 237-9777 |
| Type of Shares: | Common Shares | Filing Date: | 4/2/96 | |
| U.S. Shares: | 5,600,000 | Offer Date: | 5/30/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $12.00 - $14.00 | |
| Primary Shares: | 5,600,000 | Offer Price: | $14.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.98 | |
| Offering Amount: | $72,800,000 | Selling: | $0.58 | |
| Expenses: | $900,000 | Reallowance: | $0.10 | |
| Shares Out After: | 11,477,835 |
| Manager | Tier | Phone |
| Dillon, Read & Co. Inc. | Lead Manager | (212) 906-7000 |
| Robinson-Humphrey Company, Inc., The | Co-manager | (404) 266-6000 |
| Auditor: Ernst & Young | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 9/30/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $67.46 | $35.51 | $32.45 | Assets: | $52.65 |
| Net Income: | $6.62 | $3.69 | $2.88 | Liabilities: | $29.62 |
| EPS: | $0.74 | $0.36 | Equity: | $23.04 | |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company operates a fully integrated national air transportation network that operates between 85 cities in more than 40 states and delivers over 13,000 time-critical shipments each working day. The company's U.S. Check division, which generates approximately 86% of the company's revenues, is the leading transporter of canceled checks and related information for the U.S. banking industry, meeting more than 1,100 daily deadlines. The company's TIMEXPRESS division, which generates approximately 12% of the company's revenues, provides specialized, high-priority delivery service for customers requiring a reliable late pick-up and early delivery service combined with prompt, on-line delivery information. The company's People Dedicated to Quality (PDQ) division offers retail aviation fuel sales and related ground services for customers in Columbus, Ohio. |
| Use of Proceeds |
| The proceeds from the offering will be used to repay debt incurred in connection with the payment of undistributed S Corporation earnings to the company's existing shareholders, to repurchase and cancel certain warrants and to repay bank debt. |
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