| Proposed Ticker: BEEP | 400 Kelby Street | |
| Exchange: NASDAQ-National Market | Fort Lee, New Jersey 07024 | |
| Industry: Service | (201) 947-5300 |
| All share information is proposed | ||||
| Type of Shares: | Common Shares | Filing Date: | 5/9/96 | |
| U.S. Shares Filed: | 3,520,000 | Filing Range: | $16.00 - $18.00 | |
| Non-U.S. Shares Filed: | 880,000 | Offering Amount: | $74,800,000 | |
| Primary Shares: | 4,400,000 | Expenses: | $750,000 | |
| Secondary Shares: | 0 | Shs Out After: | 14,988,232 | |
| Manager | Tier | Phone |
| Lehman Brothers Incorporated | Lead Manager | (212) 640-6129 |
| Brenner Securities Corp | Co-manager | (212) 839-7300 |
| Smith Barney Inc. | Co-manager | (718) 921-8473 |
| Wessels, Arnold & Henderson | Co-manager | (612) 373-6121 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $32.97 | $10.94 | $7.15 | Assets: | $42.46 |
| Net Income: | -$2.28 | -$0.84 | -$0.25 | Liabilities: | $54.28 |
| EPS: | -$0.18 | -$0.07 | Equity: | -$11.82 | |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company provides wireless messaging products and services. From 1991 to 1995, the Company's subscriber base grew at an average compound annual growth rate of 92.4% from 44,304 units in service to 607,725 units in service. During this period, all of the Company's growth has been internally generated. At March 31, 1996, all of the Company's growth has been internally generated. At March 31, 1996, the Company's subscriber base had grown to 696, 623 units in service and the Company was ranked as the 12th largest paging company in the United States, according to industry sources. The Company focuses its business efforts on densely populated major metropolitan markets and population corridors which exhibit the size and demographic trends that the Company believes should offer significant demand for the Company's products and services. The Company seeks to maximize its returns on capital and leverage its operating cost structure by achieving a sufficient base of subscribers on a regional basis. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to pay dividends to founding stockholders, and for capital expenditures, potential acquisitions, working capital and for general corporate purposes. |
©1996 IPO Data Systems, Inc. - All rights reserved.