| Ticker: TLSP | 443 South Gulph Road | |
| Exchange: NASDAQ-National Market | King of Prussia, Pennsylvania 19406 | |
| Industry: Service | (610) 962-5140 |
| Type of Shares: | Common Shares | Filing Date: | 5/23/96 | |
| U.S. Shares: | 10,656,000 | Offer Date: | 8/8/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $14.00 - $16.00 | |
| Primary Shares: | 10,286,000 | Offer Price: | $15.00 | |
| Secondary Shares: | 370,000 | Gross Spread: | $1.05 | |
| Offering Amount: | $159,840,000 | Selling: | $0.60 | |
| Expenses: | $2,600,000 | Reallowance: | $0.10 | |
| Shares Out After: | 23,200,000 | |||
| Spin out parent firm: | CRW Financial, Inc. | |||
| Manager | Tier | Phone |
| J.P. Morgan Securities Inc. | Lead Manager | (212) 648-9922 |
| Dillon, Read & Co. Inc. | Co-manager | (212) 906-7000 |
| Legg Mason Wood Walker, Inc. | Co-manager | (410) 539-3400 |
| Robinson-Humphrey Company, Inc., The | Co-manager | (404) 266-6000 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 6/30/96 | 6/30/95 | 6/30/96 | ||
| Revenue: | $87.95 | $57.71 | $42.59 | Assets: | $22.45 |
| Net Income: | $3.47 | $2.50 | $1.91 | Liabilities: | $2.01 |
| EPS: | $0.15 | $0.12 | $0.09 | Equity: | $20.44 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company was organized in April 1996, to create a national provider of integrated teleservices solutions able to offer its clients complete direct marketing solutions that build upon a foundation of outbound and inbound telemarketing. The Company operates over 1500 workstations in 20 call centers located primarily in the eastern United States. The Company focuses on providing teleservices to major clients in the telecommunications, insurance, financial services, pharmaceuticals and healthcare, consumer products and high technology industries. The Company's 1995 pro forma revenues were $88.0 million. The teleservices industry facilitates the direct communication of marketing information to and from current and prospective customers by telephone. Direct marketing methods, such as telemarketing and direct mail, employ a "one-to-one" approach to deliver a marketing message directly to a specific current or prospective customer and to elicit immediate customer response. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to pay the cash portion of the operating businesses purchase; to repay debt in connection with acquisitions; capital expenditures; and for general corporate purposes including working capital and possible acquisitions. |
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