| Ticker: USCS | 2969 Prospect Park Drive | |
| Exchange: NASDAQ-National Market | Rancho Cordova, California 95670 | |
| Industry: High-Tech | (916) 636-4500 |
| Type of Shares: | Common Shares | Filing Date: | 4/22/96 | |
| U.S. Shares: | 4,800,000 | Offer Date: | 6/20/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $15.00 - $17.00 | |
| Primary Shares: | 2,766,375 | Offer Price: | $17.00 | |
| Secondary Shares: | 2,033,625 | Gross Spread: | $1.19 | |
| Offering Amount: | $76,800,000 | Selling: | $0.72 | |
| Expenses: | $1,500,000 | Reallowance: | $0.10 | |
| Shares Out After: | 22,238,094 |
| Manager | Tier | Phone |
| Merrill Lynch & Co. | Lead Manager | (212) 449-4600 |
| Montgomery Securities | Co-manager | 4156272220 |
| Auditor: Price Waterhouse | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $229.26 | $60.26 | $53.01 | Assets: | $182.82 |
| Net Income: | $10.37 | $2.56 | $2.28 | Liabilities: | $133.74 |
| EPS: | $0.49 | $0.12 | $0.11 | Equity: | $49.09 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company provides customer management software and services to the global communications industry. The software enables cable companies to manage customer related tasks, including new account setup, order processing, and customer service. The Company also provides bill presentment services, which include generation of high quality, customized billing statements that are produced in automated facilities designed to minimize turnaround time and mailing costs. USCS also offers a variety of complementary professional services, including consulting, application development and client training, as well as statement design services that allow clients to use the billing statement as a communication and marketing tool. The Company's software currently supports 53% of U.S. cable television subscribers and is used by 15 of the 20 largest cable television service providers in the U.S., including Adelphia Communications Corporation, Cablevision Systems Corporation, Comcast Cable Communications, INc., Tele-Communications, Inc. and Time Warner, Inc. |
| Use of Proceeds |
| The proceeds from the offering will be used for debt repayment, working capital and other general corporate purposes. |
©1996 IPO Data Systems, Inc. - All rights reserved.