| Ticker: OZEMY | MDIS House, 39 Herbert Street, St. Leonards 2065 | |
| Exchange: NASDAQ-National Market | Sydney, Foreign | |
| Industry: High-Tech | 6123910400 |
| Type of Shares: | American Depositary Receipts | Filing Date: | 5/6/96 | |
| U.S. Shares: | 3,200,000 | Offer Date: | 5/28/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $10.00 - $12.00 | |
| Primary Shares: | 3,200,000 | Offer Price: | $14.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.98 | |
| Offering Amount: | $35,200,000 | Selling: | $0.55 | |
| Expenses: | $1,400,000 | Reallowance: | $0.10 | |
| Shares Out After: | 10,200,000 |
| Manager | Tier | Phone |
| Montgomery Securities | Lead Manager | 4156272220 |
| Unterberg Harris | Co-manager | (212) 888-5609 |
| Auditor: Price Waterhouse | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | ||||
| Revenue: | $6.60 | Assets: | $45.01 | ||
| Net Income: | $0.30 | Liabilities: | $4.20 | ||
| EPS: | $0.04 | Equity: | $40.81 | ||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| OzEmail is the leading provider of comprehensive Internet services in Australia and New Zealand, providing access to a robust network, regionally-focused content, Internet implementation services and strong customer support. The Company's Internet services are designed to meet the different needs of its residential and enterprise customers, ranging from low-cost dial-up to high performance continuous access services integrating the Company's Integrated Services Digital Network capabilities and its consulting expertise. The Company believes that it has built a strong brand identity and that it has successfully positioned itself as a service, technology and market share leader in the markets in which it currently operates. As of March 31, 1996, the Company's active customer base consisted of approximately 57,000 customers, including over 10,000 enterprise users in Australia and over 5,600 customers in New Zealand. The Company intends to leverage its success in penetrating the Australian and New Zealand markets to become the leading full-service provider of Internet services to enterprises and individuals in other Asian-Pacific countries. |
| Use of Proceeds |
| The proceeds from the offering will be used for capital expenditures, expansion of the company's telecommunications network, debt repayment, expansion of international operations and for working capital and other general corporate purposes. |
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