| Ticker: LTBG | 281 Winter Street | |
| Exchange: NASDAQ-National Market | Waltham, Massachusetts 02154 | |
| Industry: High-Tech | (617) 890-2000 |
| Type of Shares: | Common Shares | Filing Date: | 6/21/96 | |
| U.S. Shares: | 3,800,000 | Offer Date: | 9/27/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $8.00 - $10.00 | |
| Primary Shares: | 3,021,868 | Offer Price: | $10.00 | |
| Secondary Shares: | 778,132 | Gross Spread: | $0.70 | |
| Offering Amount: | $34,200,000 | Selling: | $0.40 | |
| Expenses: | $850,000 | Reallowance: | $0.10 | |
| Shares Out After: | 14,873,509 |
| Manager | Tier | Phone |
| Cowen & Company | Lead Manager | (212) 495-6000 |
| Montgomery Securities | Co-manager | 4156272220 |
| Prudential Securities Incorporated | Co-manager | (212) 214-3000 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 9/30/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $19.35 | $6.31 | $4.45 | Assets: | $10.61 |
| Net Income: | -$2.43 | $0.02 | -$0.85 | Liabilities: | $11.09 |
| EPS: | -$0.19 | $0.00 | Equity: | -$0.47 | |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company manufactures, develops and markets software and computer systems and provides services for telecommunications companies. The Company's software-based services are delivered primarily on an outsourcing and service bureau basis, which allows wireless carriers to focus internal resources on their core business activities. The Company offers on-line, real-time transaction processing and call center support solutions to aid carriers in qualifying and activating applicants for wireless service, as well as software based sales support services for traditional distribution channels, such as dealers, agents and direct mobile sales forces, and emerging distribution channels, such as mass market retail stores, home shopping and stand-alone kiosks. The Company develops and implements interfaces that fully integrate its acquisition system with carrier and third-party systems, such as those for billing, point-of-sale, activation and order fulfillment. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay debt, to repurchase options and for working capital and for general corporate purposes including potential acquisitions. |
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