| Ticker: CSSA | 2105 Hamilton Avenue, Suite 140 | |
| Exchange: NASDAQ-Small Cap Market | San Jose, California 95125 | |
| Industry: High-Tech | (408) 879-6600 |
| Type of Shares: | Common Shares | Filing Date: | 6/17/96 | |
| U.S. Shares: | 1,000,000 | Offer Date: | 9/26/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $13.00 - $15.00 | |
| Primary Shares: | 1,000,000 | Offer Price: | $6.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.60 | |
| Offering Amount: | $14,000,000 | Selling: | ||
| Expenses: | $310,212 | Reallowance: | ||
| Shares Out After: | 4,922,000 |
| Manager | Tier | Phone |
| Barron Chase Securities, Inc. | Lead Manager | (800) 678-3022 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 3/31/96 | 3/31/96 | ||||
| Revenue: | $0.01 | Assets: | $0.57 | ||
| Net Income: | -$0.84 | Liabilities: | $0.04 | ||
| EPS: | -$0.36 | Equity: | $0.53 | ||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company, a development stage company organized in August 1994, is developing products to allow the facsimile transmission of color images from computers equipped with the company's software programs. Such color facsimiles can then be viewed on the receiving computer's screen, stored and printed on a color printer. Recipients equipped with black and white electronic fax software or a black and white fax machine can still receive faxes sent via the software; the faxes will simply appear in black and white. The company's color facsimile software products integrate new and existing components into a system that the company believes will provide competitively priced, color facsimile capabilities. The company has not sold or licensed any of its products or technologies. The company's prospects must be considered in light of the risks associated with the establishment of a new business in the evolving computer industry, as well as further risks encountered in the shift from development to commercialization of new products based on innovative technology. |
| Use of Proceeds |
| Proceeds from the proposed offering will be used to redeem preferred stock and for research and development, marketing, manufacturing, general and administrative expense, the purchase of equipment and inventory, and the balance for working capital and general corporate purposes. |
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