| Ticker: RMHT | 40 Morris Avenue | |
| Exchange: NASDAQ-National Market | Bryn Mawr, Pennsylvania 19010 | |
| Industry: Service | (610) 520-5300 |
| Type of Shares: | Common Shares | Filing Date: | 7/3/96 | |
| U.S. Shares: | 2,800,000 | Offer Date: | 9/18/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $15.00 - $17.00 | |
| Primary Shares: | 2,800,000 | Offer Price: | $12.50 | |
| Secondary Shares: | 0 | Gross Spread: | $0.87 | |
| Offering Amount: | $44,800,000 | Selling: | $0.52 | |
| Expenses: | - | Reallowance: | $0.10 | |
| Shares Out After: | - |
| Manager | Tier | Phone |
| Smith Barney Inc. | Lead Manager | (718) 921-8473 |
| Hambrecht & Quist Incorporated | Co-manager | (415) 576-3423 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 9/30/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $25.55 | $14.78 | $11.32 | Assets: | $8.45 |
| Net Income: | $1.05 | $0.64 | $0.74 | Liabilities: | $3.72 |
| EPS: | $0.23 | $0.14 | Equity: | $4.74 | |
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 provider of outbound teleservices to major corporations in the insurance and financial services industries. The company distinguishes itself through its high quality service and disciplined management approach, which have led to long-term client relationships and sustained profitable growth. The company originated relationships with Mass Marketing Insurance Group, J.C. Penney Life Insurance Company, AT&T;/Universal Card Services and Advanta Corp. The company, which has established inbound as well as outbound call center capabilities, recently began to capitalize on the increased demand for call center services by the telecommunications industry. The company opened its eighth call center in April 1996 and currently operates 744 workstations. The company intends to add a total of 48 additional workstations in three existing call centers and open a new call center with 80 workstations by the end of 1996. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay debt in connection with the recapitalization, to redeem the company's Series B preferred stock, to pay bonuses to the company's founders pursuant to their employment agreements and for working capital and other general corporate purposes including possible future acquisitions. |
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