| Ticker: OPMR | 4700 de la Savane | |
| Exchange: NASDAQ-National Market | Montreal, Foreign H4P 1T7 | |
| Industry: Manufacturing | (514) 738-8885 |
| Type of Shares: | Class A Common Shares | Filing Date: | 5/31/96 | |
| U.S. Shares: | 3,000,000 | Offer Date: | 10/25/96 | |
| Non-U.S. Shares: | 0 | Filing Price: | $6.43 | |
| Primary Shares: | 3,000,000 | Offer Price: | $5.50 | |
| Secondary Shares: | 0 | Gross Spread: | $0.70 | |
| Offering Amount: | $19,289,999 | Selling: | ||
| Expenses: | - | Reallowance: | ||
| Shares Out After: | 6,645,505 |
| Manager | Tier | Phone |
| Gerard Klauer Mattison & Company, Incorporated | Lead Manager | (212) 481-6030 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $0.58 | $0.31 | $0.06 | Assets: | $1.25 |
| Net Income: | -$0.70 | -$0.21 | -$0.09 | Liabilities: | $0.85 |
| EPS: | -$0.19 | -$0.05 | -$0.02 | Equity: | $0.40 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The Company develops, markets, assembles, installs and services automated self-service transaction systems designed for use in retail point of sale applications. The Company's principal product is the U-Scan Express system, an automated self-service checkout system. The Company's primary focus is the commercialization of the U-Scan Express system for use in express lanes in supermarkets. The U-Scan Express system is designed to reduce the cost of checkout transactions to retailers and increase Shoppers' convenience by enabling shoppers to scan, bag and pay for their purchases with limited or no assistance from store personnel. Management believes that the U-Scan Express system provides a level; of convenience and service in retail applications similar to that provided in the banking industry by automated teller machines in that it offers the consumer a self-service checkout alternative and can be operated quickly and easily by the average consumer. |
| Use of Proceeds |
| Proceeds from the proposed offering will be used for research and development on current and future products including purchasing equipment therefor; to enhance and expand its sales and marketing operations; and for general corporate purposes. |
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