| Ticker: OPTK | 5755 Mark Dabling Boulevard | |
| Exchange: NASDAQ-National Market | Colorado Springs, Colorado 80919 | |
| Industry: High-Tech | (719) 548-9800 |
| Type of Shares: | Common Shares | Filing Date: | 5/22/96 | |
| U.S. Shares: | 2,200,000 | Offer Date: | 7/25/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $9.00 - $11.00 | |
| Primary Shares: | 2,200,000 | Offer Price: | $6.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.42 | |
| Offering Amount: | $22,000,000 | Selling: | $0.21 | |
| Expenses: | $1,000,000 | Reallowance: | $0.10 | |
| Shares Out After: | 6,547,394 |
| Manager | Tier | Phone |
| Volpe, Welty & Company | Lead Manager | (415) 956-8120 |
| Needham & Company | Co-manager | (212) 371-8300 |
| Piper Jaffray Incorporated | Co-manager | (612) 342-6000 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $10.47 | $3.11 | $1.96 | Assets: | $6.09 |
| Net Income: | -$0.96 | $0.00 | -$0.33 | Liabilities: | $3.25 |
| EPS: | -$0.20 | $0.00 | -$0.07 | Equity: | $2.85 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is a leading provider of high-performance, client/server, integrated imaging software designed to meet the needs of paper intensive industries such as healthcare, financial services, insurance and retail. The Company's FilePower Suite is comprised of server software, which provides core imaging functions, application software for document image management, computer output to laser disc ("COLD") and automated workflow transaction processing and associated development tools. The FilePower Suite is easy to install, use and integrate with end-users' existing information systems and is designed to be deployed at the departmental or workgroup level and then to scale throughout the enterprise. The Company believes that the FilePower Suite enables end-users to reduce costs, improve operational productivity and enhance customer service. The Company has licensed over 25,000 seats to its end-users, which include John Hancock Mutual Life Insurance Company, Merrill Lynch, Pierce, Fenner & Smith Inc., Mitsubishi Finance International Plc, Pascack Valley Hospital, PriceCostco Wholesale Corporation and St. Elizabeth Medical Center. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for repayment of indebtedness, working capital and for general corporate purposes. |
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