| Proposed Ticker: VOTN | 7020 Koll Center Parkway | |
| Exchange: NASDAQ-National Market | Pleasanton, California 94566 | |
| Industry: High-Tech | (510) 426-5600 |
| All share information is proposed | ||||
| Type of Shares: | Common Shares | Filing Date: | 6/28/96 | |
| U.S. Shares Filed: | 2,850,000 | Filing Range: | $10.00 - $12.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $31,350,000 | |
| Primary Shares: | 2,000,000 | Expenses: | $700,000 | |
| Secondary Shares: | 850,000 | Shs Out After: | 6,880,000 | |
| Spin out parent firm: | MOSCOM Corporation | |||
| Manager | Tier | Phone |
| Ladenburg, Thalmann & Co. Inc. | Lead Manager | (212) 940-0100 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $0.57 | $0.06 | $0.04 | Assets: | $0.41 |
| Net Income: | -$0.89 | -$0.23 | -$0.28 | Liabilities: | $0.20 |
| EPS: | -$0.16 | -$0.04 | Equity: | $0.21 | |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company develops advanced speech technologies utilized in voice verification applications. The Company's primary focus is the development of commercially feasible voice verification applications that address the growing demand for enhanced security of financial transactions, electronic databases and physical facilities. The Company's products are designed to verify the user's identity without the need for cumbersome or invasive procedures. Votan offers its customers either a standard or customized single vendor solution and integrates its voice verification and speech recognition software technology on a single proprietary board. The Company's voice verification technologies and products may be used in a variety of applications to authenticate the identity of a speaker by establishing a match between the speaker's speech patterns and previously stored templates. The Company's technologies consist of proprietary algorithms and patented methods and apparatus that are highly resistant to extraneous noise interference such as a bank lobby or retail store, or unintended non-speech sounds made by the speaker. |
| Use of Proceeds |
| Proceeds from the proposed offering will be used for expansion of sales and marketing activities, research and development, reimbursement of MOSCOM for certain formation-related expenses and general corporate purposes. |
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