| Ticker: CTEK | 120 Ricefield Lane | |
| Exchange: NASDAQ-Small Cap Market | Hauppauge, New York 11788 | |
| Industry: Manufacturing | (516) 436-5200 |
| Type of Shares: | Common Shares | Filing Date: | 4/15/96 | |
| U.S. Shares: | 2,100,000 | Offer Date: | 7/3/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $5.00 - $6.00 | |
| Primary Shares: | 2,100,000 | Offer Price: | $5.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.47 | |
| Offering Amount: | $11,550,000 | Selling: | $0.25 | |
| Expenses: | $700,000 | Reallowance: | $0.05 | |
| Shares Out After: | 5,788,939 |
| Manager | Tier | Phone |
| Royce Investment Group, Inc. | Lead Manager | (516) 364-8300 |
| Trautman Kramer & Company | Co-manager | (800) 832-9805 |
| Auditor: Ernst & Young | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $0.09 | $0.04 | $0.01 | Assets: | $4.21 |
| Net Income: | -$3.35 | -$1.14 | -$0.75 | Liabilities: | $5.42 |
| EPS: | -$0.85 | -$0.28 | -$0.19 | Equity: | -$1.21 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company manufactures copper-clad fiberglass epoxy laminates used to make printed circuit boards. Printed circuit boards, which are made from laminates, are an essential component of personal computers, workstations, data communication equipment, telecommunications equipment, transportation equipment and virtually all other electronic equipment. These types of electronic equipment are characterized by high volume growth rates, rapid technological change, short product development and life cycles and an expanding variety of products and uses. Within the circuit board industry, the Company is initially targeting manufacturers of multilayer printed circuit boards. According to the Institute for Interconnecting and Packaging Electronic Circuits, an international trade association, the world laminate market for multilayer printed circuit boards exceeded $1 billion in 1994. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay debt, expand plant capacity and for general corporate purposes. |
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