| Proposed Ticker: DCICF | 8618 Commerce Court | |
| Exchange: NASDAQ-National Market | Burnaby, Foreign V5A 4N6 | |
| Industry: Service | (800) 909-7888 |
| All share information is proposed | ||||
| Type of Shares: | Common Shares | Filing Date: | 6/28/96 | |
| U.S. Shares Filed: | 6,500,000 | Filing Price: | $5.33 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $34,645,000 | |
| Primary Shares: | 4,500,000 | Expenses: | $650,000 | |
| Secondary Shares: | 2,000,000 | Shs Out After: | 16,990,115 | |
| Manager | Tier | Phone |
| Oppenheimer & Company, Inc. | Lead Manager | (212) 667-7402 |
| CIBC Wood Gundy Securities Corp. | Co-manager | |
| Hanifen, Imhoff Inc. | Co-manager | (303) 296-2300 |
| RBC Dominion Securities | Co-manager | (212) 607-5565 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 3/31/96 | 3/31/96 | ||||
| Revenue: | $0.37 | Assets: | $6.49 | ||
| Net Income: | $1.44 | Liabilities: | $3.88 | ||
| EPS: | $0.12 | Equity: | $2.61 | ||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The Company is a leading supplier of electronic distribution and communication services for the radio broadcast industry in Canada and the United States. Digital Courier's two-way network enables fast and reliable electronic distribution of CD quality audio, text and data to organizations that traditionally have relied upon tape and courier distribution services. Since its Canadian roll-out in April 1995, the Digital Courier network has succeeded in becoming the standard system for the electronic distribution of advertising and short-form programming throughout Canada, with over 260 radio stations connected to its network. In the United States, digital Courier has gained rapid industry acceptance since the introduction of its network in August 1995, with more than 2,220 radio stations currently under contract and approximately 250 additional station joining each month. The Digital Courier network is a two-way network in which digital or analog audio may be compressed and stored on customer computers and then sent to multiple end-user locations. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repurchase outstanding Preferred Shares, repay existing equipment lease obligations, purchase additional computer and communication equipment, acquire software licenses, develop new products and services and provide for working capital and general corporate purposes. |
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