| Ticker: TACT | 7 Laser Lane | |
| Exchange: NASDAQ-National Market | Wallingford, Connecticut 06492 | |
| Industry: High-Tech | (203) 949-9933 |
| Type of Shares: | Common Shares | Filing Date: | 6/27/96 | |
| U.S. Shares: | 1,150,000 | Offer Date: | 8/22/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $9.50 - $11.00 | |
| Primary Shares: | 1,150,000 | Offer Price: | $8.50 | |
| Secondary Shares: | 0 | Gross Spread: | $0.68 | |
| Offering Amount: | $11,787,500 | Selling: | $0.35 | |
| Expenses: | $1,205,000 | Reallowance: | $0.10 | |
| Shares Out After: | 6,722,500 | |||
| Spin out parent firm: | Tridex Corporation | |||
| Manager | Tier | Phone |
| Cruttenden Roth Incorporated | Lead Manager | (800) 678-9147 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 4/1/95 | 3/30/96 | 4/1/95 | 3/30/96 | ||
| Revenue: | $33.36 | $10.46 | $7.94 | Assets: | $17.96 |
| Net Income: | $2.30 | $0.87 | $0.42 | Liabilities: | $4.34 |
| EPS: | Equity: | $13.62 | |||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company designs, develops, manufactures and markets transaction based printers and related products under the Ithaca and MAGNETEC brand names. The company's printers are used to provide transaction records such as receipts, tickets, coupons, register journals and other documents. The company focuses on four vertical markets: point-of-sale ; gaming and lottery; financial services; and kiosks. The company sells its products directly to end users, original equipment manufacturers, value added resellers and selected distributors, primarily in the United States and Canada. The company manufactures and sells customizable and custom dot matrix and thermal printers for applications for requiring up to 60 character columns in each of its four vertical markets. The company also sells 80 column laser printer for kiosk applications. The company's customizable products include several series of printers which offer customers the ability to choose from a variety of features and functions. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay certain debt, for working capital and for other general corporate purposes. |
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