| Ticker: ONSS | 111 North 19th Street, Suite 404 | |
| Exchange: NASDAQ-Small Cap Market | Arlington, Virginia 22209 | |
| Industry: Service | (703) 276-1123 |
| Type of Shares: | Common Shares | Filing Date: | 4/12/96 | |
| U.S. Shares: | 2,138,246 | Offer Date: | 7/11/96 | |
| Non-U.S. Shares: | 0 | Filing Price: | $3.13 | |
| Primary Shares: | 1,920,000 | Offer Price: | $6.25 | |
| Secondary Shares: | 218,246 | Gross Spread: | $0.63 | |
| Offering Amount: | $6,682,019 | Selling: | ||
| Expenses: | $426,000 | Reallowance: | ||
| Shares Out After: | 4,506,955 |
| Manager | Tier | Phone |
| M.H. Meyerson & Company | Lead Manager | (201) 332-3353 |
| Auditor: Grant Thornton | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $4.92 | $1.80 | $1.15 | Assets: | $2.20 |
| Net Income: | $0.08 | $0.09 | $0.06 | Liabilities: | $1.50 |
| EPS: | $0.03 | $0.03 | $0.02 | Equity: | $0.70 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| On-Site Sourcing, Inc. provides reprographic and facilities management services to law firms, non-profit organizations, accounting firms, financial institutions and other organizations throughout the East Coast of the United States. In order to meet the highly specialized requirements of each client, On-Site offers a variety of customized reprographic and facilities management services. The COmpany provides reprographic services 24 hours per day, seven days per week including copying, binding, labeling, collating and indexing in support of complex, document-intensive litigation as well as higher volume productions of manuals, brochures, and other materials for corporations and non-profit organizations. On-Site also provides on-premises management of the customer's support services including mailroom operations, facsimile transmission, records and supply room management and copying services. The Company services, refurbishes, leases and sells mid and high volume copy machines through its copier service division, thereby minimizing critical down time and increasing productivity at both the Company's reprographic centers and its facilities management site. |
| Use of Proceeds |
| Proceeds from the offering will be used to the expnasion into New York and other major markets, for expansion of existing office capacity, to hire additional sales personnel, for repayment of indebtedness, for development of internal video conferencing capabilities, for purchase of imaging and scanning technology, to hire software engineers, to hire software technical support staff, and for working capital. |
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