| Ticker: ITIG | 517 Route One South | |
| Exchange: NASDAQ-National Market | Iselin, New Jersey 08830 | |
| Industry: High-Tech | (908) 750-1600 |
| Type of Shares: | Common Shares | Filing Date: | 6/14/96 | |
| U.S. Shares: | 2,475,000 | Offer Date: | 9/27/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $8.00 - $10.00 | |
| Primary Shares: | 2,050,000 | Offer Price: | $10.00 | |
| Secondary Shares: | 425,000 | Gross Spread: | $0.70 | |
| Offering Amount: | $22,275,000 | Selling: | $0.40 | |
| Expenses: | $658,500 | Reallowance: | $0.10 | |
| Shares Out After: | 10,850,000 |
| Manager | Tier | Phone |
| Cowen & Company | Lead Manager | (212) 495-6000 |
| Montgomery Securities | Co-manager | 4156272220 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 6/30/96 | 6/30/95 | 6/30/96 | ||
| Revenue: | $24.59 | $19.63 | $9.47 | Assets: | $10.29 |
| Net Income: | -$1.06 | $0.50 | -$1.01 | Liabilities: | $12.66 |
| EPS: | -$0.08 | $0.04 | -$0.07 | Equity: | -$2.37 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company provides a wide range of information technology services including business process solutions and systems integration. The Company has grown rapidly since 1994 when it made a strategic decision to diversify its customer base by expanding the scope of its integration and development services and to utilize SAP software as a primary tool to implement enterprise-wide business process solutions. In 1995, the Company became a SAP National IMplementation PArtner and also began to utilize Oracle products to diversify its service offerings. The Company's custom software development services are enhanced by its exclusive access to qualified and experienced programmers at its affiliated Advanced Development Center located in India and connected to the Company's headquarters in the United States and to certain customer sites by dedicated, high speed satellite links. |
| Use of Proceeds |
| Proceeds from the proposed offering will be used to prepay all amounts outstanding for Subordinated Debentures, repayment of obligations under accounts receivable financings, purchase of capital equipment, and other general corporate purposes, including working capital. |
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