| Ticker: | ADSI | 745 McClintock Drive | |
| Exchange: | NASDAQ-National Market | Burr Ridge, Illinois 60521 | |
| Industry: | Utilities | (708) 655-1105 |
| Type of Shares: | Common Shares | Filing Date: | 5/31/96 | |
| U.S. Shares: | 2,750,000 | Offer Date: | 7/25/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $12.00 - $14.00 | |
| Primary Shares: | 2,750,000 | Offer Price: | $9.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.63 | |
| Offering Amount: | $35,750,000 | Selling: | $0.35 | |
| Expenses: | $1,000,000 | Reallowance: | $0.10 | |
| Shares Out After: | 8,426,901 |
| Manager | Tier | Phone |
| Oppenheimer & Company, Inc. | Lead Manager | (212) 667-7402 |
| CS First Boston | Co-manager | (212) 325-2000 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $30.00 | $11.72 | $5.03 | Assets: | $115.43 |
| Net Income: | -$3.74 | -$0.48 | -$0.43 | Liabilities: | $80.21 |
| EPS: | Equity: | $35.23 | |||
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 regional, integrated, non-hazardous solid waste services company that provides solid waste collection, transfer and disposal services primarily in the Midwest. The company owns five solid waste landfills and owns, operates or has exclusive contracts to receive waste from seven transfer stations. the company's landfills and transfer stations are supported by its collection operations, which serve over 85,000 residential, commercial and industrial customers. The company began its operations in the Midwest and currently has operations in Arkansas, Illinois, Kansas, Missouri, Ohio, Oklahoma and Pennsylvania. The company has adopted an acquisition-based growth strategy, and intends to continue expansion in its existing and proximate markets. The company's operating strategy emphasizes the integration of its solid waste collection and disposal operations and the internalization of waste collected. One of the company's goals is for its captive waste streams to provide in excess of 50% of the volume of solid waste disposed of at each of its landfills. |
| Use of Proceeds |
| Proceeds from the proposed offering will be used to repay debt and for acquisitions, working capital and other general corporate purposes. |
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