| Ticker: SLPT | 130-B Knowles Drive | |
| Exchange: NASDAQ-Small Cap Market | Los Gatos, California 95030 | |
| Industry: Service | (408) 364-8850 |
| Type of Shares: | Common Shares | Filing Date: | 6/27/96 | |
| U.S. Shares: | 1,350,000 | Offer Date: | 8/8/96 | |
| Non-U.S. Shares: | 0 | Filing Price: | $5.00 | |
| Primary Shares: | 1,350,000 | Offer Price: | $5.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.50 | |
| Offering Amount: | $6,750,000 | Selling: | $0.25 | |
| Expenses: | $650,000 | Reallowance: | $0.10 | |
| Shares Out After: | 3,454,352 |
| Manager | Tier | Phone |
| H.J. Meyers & Company, Incorporated | Lead Manager | (310) 278-7880 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $0.00 | $0.00 | $0.00 | Assets: | $1.15 |
| Net Income: | -$2.67 | -$1.00 | -$0.41 | Liabilities: | $0.47 |
| EPS: | -$1.35 | -$0.51 | Equity: | $0.68 | |
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 and markets communications management solutions for communications-dependent individuals. The company's initial product, SoloCall SmartCenter, is targeted toward mobile, communications-dependent individuals, predominantly in the Small Office and Home Office (SOHO) marketplace. These individuals include real estate agents, entrepreneurs, consultants, attorneys, service industry personnel and remote sales forces of large corporations. According to BIS Strategic Decisions, a market research firm, there were over 14.5 million SOHO businesses in the United States at the end of 1995. SOHO individuals' success is substantially dependent upon the ability to effectively manage business communications in a mobile environment, thereby enabling them to be more responsive to their customers. Missed calls, delayed responses to messages, or the appearance of an unprofessional image, can cause existing or potential customers to take their business elsewhere. While many corporations provide their employees communications infrastructures that include secretarial and administrative support and computer and telephony services, mobile, communications-dependent SOHO individuals must address their communications management demand without the benefit of such corporate infrastructures. |
| Use of Proceeds |
| Proceeds from the proposed offering will be used for sales and marketing, research and development, manufacturing, capital expenditures, working capital and general corporate purposes. |
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