| Ticker: PRTW | 1270 Eagan Industrial Road | |
| Exchange: NASDAQ-National Market | St. Paul, Minnesota 55121 | |
| Industry: High-Tech | (612) 456-1400 |
| Type of Shares: | Common Shares | Filing Date: | 5/13/96 | |
| U.S. Shares: | 1,600,000 | Offer Date: | 7/1/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $6.00 - $7.00 | |
| Primary Shares: | 1,200,000 | Offer Price: | $6.00 | |
| Secondary Shares: | 400,000 | Gross Spread: | $0.39 | |
| Offering Amount: | $10,400,000 | Selling: | $0.23 | |
| Expenses: | $381,000 | Reallowance: | $0.05 | |
| Shares Out After: | 4,829,713 |
| Manager | Tier | Phone |
| R.J. Steichen & Co. | Lead Manager | (612) 341-6200 |
| Auditor: Deloitte & Touche | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 4/1/95 | 3/31/96 | ||
| Revenue: | $8.39 | $1.83 | $1.81 | Assets: | $5.40 |
| Net Income: | $1.79 | $0.33 | $0.33 | Liabilities: | $0.74 |
| EPS: | $0.48 | $0.09 | $0.09 | Equity: | $4.66 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| Printware, Inc. ("Printware" or the "Company") designs, builds and markets "Computer-to-Plate" systems which are used by the offset printing industry to create printing plates directly from computer data. These systems replace the traditional process of typesetting, paste-up, camera work and processing film to produce a printing plate. Computer-to-Plate technology provides one-step plate making (including text, graphics and photographic halftones) directly from computer data, much as a laser printer makes printed pages directly from computer data. The key benefits of Computer-to-Plate technology are lower costs, faster turnaround times, fewer pieces of equipment and fewer environmental limitations on disposal of by-products. The key hardware element of a Computer-to-Plate system is called a Platesetter. The company sells Platesetters, supplies for use in Platesetters and raster image processors for connecting the Platesetter to the customer's computer network. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to product development, sales and marketing and for working capital. |
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