| Ticker: MTNT | 2700 Post Oak Boulevard, Suite 1400 | |
| Exchange: NASDAQ-National Market | Houston, Texas 77056 | |
| Industry: Service | (713) 621-2800 |
| Type of Shares: | Common Shares | Filing Date: | 6/19/96 | |
| U.S. Shares: | 7,200,000 | Offer Date: | 10/16/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $13.00 - $15.00 | |
| Primary Shares: | 3,600,000 | Offer Price: | $16.00 | |
| Secondary Shares: | 3,600,000 | Gross Spread: | $1.12 | |
| Offering Amount: | $100,800,000 | Selling: | $0.66 | |
| Expenses: | $700,000 | Reallowance: | $0.10 | |
| Shares Out After: | 15,500,357 |
| Manager | Tier | Phone |
| Goldman, Sachs & Co. | Lead Manager | (212) 902-1172 |
| CS First Boston | Co-manager | (212) 325-2000 |
| Donaldson, Lufkin & Jenrette Securities Corp. | Co-manager | (212) 504-4525 |
| Auditor: KPMG Peat Marwick | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 6/30/96 | 6/30/95 | 6/30/96 | ||
| Revenue: | $72.43 | $50.08 | $30.62 | Assets: | $56.75 |
| Net Income: | $3.31 | $7.08 | -$2.32 | Liabilities: | $51.41 |
| EPS: | $0.23 | $0.41 | Equity: | $5.34 | |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company provides traffic and other reporting services to the television and radio broadcast industries. The Company's information reports, which are customized to meet the specific needs of each of the Company's individual radio and television station affiliates, are presently being broadcast by approximately 1275 radio station affiliates and 100 television station affiliates. The Company provides local broadcast information reports in 47 of the 50 largest MSA markets in the United States. In exchange for the Company's information reports, radio and television station affiliates provide commercial airtime inventory to the Company. The packaging and sale of the commercial airtime inventory accounts for substantially all of the Company's revenues. Because the Company has numerous radio station affiliates in each of its markets, the Company believes that its broadcasts of local traffic information reach more people, more often, in a higher impact manner than can be achieved using any other advertising medium. |
| Use of Proceeds |
| The proceeds from the offering will be used to reduce debt and to fund growth through potential acquisitions and entry into new markets. |
©1996 IPO Data Systems, Inc. - All rights reserved.