| Ticker: MNET | 1100 Olive Way, Suite 1250 | |
| Exchange: NASDAQ-Small Cap Market | Seattle, Washington 98101 | |
| Industry: High-Tech | (206) 622-5530 |
| Type of Shares: | Common Shares | Filing Date: | 6/7/96 | |
| U.S. Shares: | 1,100,000 | Offer Date: | 6/24/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $6.00 - $8.00 | |
| Primary Shares: | 1,028,600 | Offer Price: | $6.50 | |
| Secondary Shares: | 71,400 | Gross Spread: | $0.52 | |
| Offering Amount: | $7,700,000 | Selling: | $0.31 | |
| Expenses: | $700,000 | Reallowance: | $0.10 | |
| Shares Out After: | 5,500,819 |
| Manager | Tier | Phone |
| Laidlaw Equities, Inc. | Lead Manager | (212) 949-5831 |
| Auditor: Price Waterhouse | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 6/30/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $3.91 | $5.49 | $3.23 | Assets: | $5.77 |
| Net Income: | -$3.26 | -$2.81 | -$1.83 | Liabilities: | $9.06 |
| EPS: | -$0.66 | -$0.55 | -$0.37 | Equity: | -$3.29 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company manufactures, markets and develops home and lifestyle multimedia titles for the personal computer market such as The Home Depot Home Improvement 1-2-3, Better Homes and Gardens Complete Guide to Gardening, and The Best of Food & Wine. The Company is a leading interactive multimedia company concentrating on new media products and services in the home/family/lifestyle category. New media delivers information and entertainment to users in interactive digital form through media such as CD-ROMs, the Internet, the WOrld Wide Web, proprietary online services, TV-based systems, interactive kiosks and laptop PC presentations. The Company publishes software that typically incorporates material licensed from established companies with broad consumer acceptance and substantial brand equity. The Company also creates an sells interactive advertising and develops custom publishing projects for major consumer product and publishing companies. The Company seeks to capitalize on the consumer trend to increasingly use new media as a source of information and on the business trend to direct more marketing resources to interactive advertising, the Internet, the World WIde Web and other types of new media. |
| Use of Proceeds |
| Proceeds from the offering will be used for repayment of indebtedness and working capital and other general corporate purposes. |
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