| Ticker: ENSC | 751 Park of Commerce Drive, Suite 104 | |
| Exchange: NASDAQ-Small Cap Market | Boca Raton, Florida 33487 | |
| Industry: Construction | (561) 997-2511 |
| Type of Shares: | Common Shares | Filing Date: | 6/18/96 | |
| U.S. Shares: | 1,900,000 | Offer Date: | 9/25/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $6.00 - $6.50 | |
| Primary Shares: | 1,900,000 | Offer Price: | $6.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.48 | |
| Offering Amount: | $11,875,000 | Selling: | $0.20 | |
| Expenses: | $304,800 | Reallowance: | $0.10 | |
| Shares Out After: | 5,350,000 |
| Manager | Tier | Phone |
| Rickel & Associates, Inc. | Lead Manager | (800) 678-2664 |
| Jannssen-Meyers Associates | Co-manager |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $11.46 | $3.39 | $3.47 | Assets: | $7.53 |
| Net Income: | -$2.76 | -$0.28 | -$0.21 | Liabilities: | $6.01 |
| EPS: | -$0.96 | -$0.07 | $0.05 | Equity: | $1.52 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is an integrated security systems company. The Company designs, develops, assembles, sells, installs and services high-end integrated security systems based on the Company's proprietary software and controlling hardware which permits multiple mechanisms to be combined into a single enterprise-wide system of access control, surveillance and data security. The Company's security systems are typically found in large commercial or governmental facilities, including office buildings, military bases, museums, correctional facilities and airports. Since its inception, the Company has installed approximately 400 systems, primarily in Brazil, including systems for many large corporations and government agencies. The Company derives its revenue primarily from sales and installation of its security systems and service of such systems and security-related equipment. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay short term indebtedness, including that incurred in the Bridge Financing, research and development activities, increasing sales and marketing effort and the balance for working capital and general corporate purposes. |
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