| Ticker: REGI | 189 Wells Avenue | |
| Exchange: NASDAQ-National Market | Newton, Massachusetts 02159 | |
| Industry: High-Tech | (617) 527-6886 |
| Type of Shares: | Common Shares | Filing Date: | 4/12/96 | |
| U.S. Shares: | 2,200,000 | Offer Date: | 6/5/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $12.00 - $14.00 | |
| Primary Shares: | 1,900,000 | Offer Price: | $17.00 | |
| Secondary Shares: | 300,000 | Gross Spread: | $1.19 | |
| Offering Amount: | $28,600,000 | Selling: | $0.70 | |
| Expenses: | $750,000 | Reallowance: | $0.10 | |
| Shares Out After: | 9,900,000 |
| Manager | Tier | Phone |
| Adams, Harkness & Hill | Lead Manager | (617) 423-6688 |
| A.G. Edwards & Sons, Inc. | Co-manager | (314) 289-3000 |
| Auditor: Price Waterhouse | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 6/24/95 | 3/30/96 | 3/25/95 | 3/30/96 | ||
| Revenue: | $98.69 | $102.09 | $70.26 | Assets: | $34.88 |
| Net Income: | $0.09 | $1.46 | $0.17 | Liabilities: | $32.84 |
| EPS: | $0.01 | $0.18 | $0.02 | Equity: | $2.05 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The Registry, Inc. ("The Registry" or the "Company") provides information technology (IT) consultants on a contract basis to organizations with complex IT operations. The Company currently has more than 1,400 IT consultants placed with its clients to assist them in implementing solutions for systems and applications development in such areas as distributed network design, database design and development and client/server migration. These consultants, billed primarily on an hourly basis, typically work on engagements lasting from six to twelve months. In 1995, the Company provided IT consultants to approximately 350 clients in a diverse range of industries, including MCI Telecommunications Corporation, Putnam Investments, Inc., Digital Equipment Corp., Pepsi Cola International and Pfizer Inc. The Company believes that its ability to identify, attract and retain qualified IT consultants is critical to its success. Each of the Company's Resource Managers recruits in one of five technology sectors, thereby enabling the Company to more effectively match the needs of its clients with the skills of its IT consultants. The Company has also established a National Resource Delivery Team (NRDT) which provides access to consultants from across the nation when local resources for a particular skill set are scarce. To enhance retention, the Company actively remarkets its consultants and offers a comprehensive benefits package. |
| Use of Proceeds |
| The proceeds from the offering will be used to repay debt and for working capital. |
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