| ASD Group, Inc. | |||
| Ticker: | ASDG | 1 Industry Street | |
| Exchange: | NASDAQ-Small Cap Market | Poughkeepsie, NY 12603 | |
| Industry: | Service (SIC Code 8711) | (914) 452-3000 | |
| Type of Shares: | Common Shares | Filing Date: | 7/8/96 | |
| U.S. Shares: | 940,000 | Offer Date: | 5/13/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $5.50 - $6.00 | |
| Primary Shares: | 940,000 | Offer Price: | $5.75 | |
| Secondary Shares: | 0 | Gross Spread: | $0.57 | |
| Offering Amount: | $5,405,000 | Selling: | $0.28 | |
| Expenses: | $514,000 | Reallowance: | $0.10 | |
| Shares Out After: | 1,682,917 |
| Manager | Tier | Phone |
| H.J. Meyers & Company, Incorporated | Lead Manager | (212) 298-8942 |
| Issuer's Law Firm: | Broad and Cassel |
| Bank's Law Firm: | Orrick, Herrington & Sutcliffe |
| Auditor: | Deloitte & Touche |
| Registrar/Transfer Agent: | American Stock Transfer & Trust Co |
Dollar amounts in U.S. millions except for per share data | |||||
| 6 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 6/30/96 | 12/27/96 | 12/29/95 | 12/27/96 | ||
| Revenue: | $26.11 | $8.21 | $13.33 | Assets: | $14.77 |
| Net Income: | $0.41 | -$0.16 | $0.33 | Curr Assets: | |
| EPS: | $0.64 | -$0.26 | $0.52 | Liabilities: | $13.69 |
| Prior EPS: | $0.27 | $0.27 | -$0.17 | Curr Liabilities: | |
| Cash Flow/Oper: | -$1.94 | Equity: | $1.08 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| ASD Group, Inc. provides comprehensive contract manufacturing and engineering services to original equipment manufacturers. The Company specializes in the fabrication, assembly and testing of complex industrial products and non-invasive medical equipment. The Company manufactures complete systems, as well as assemblies, including printed circuit boards, cable and wire harnesses and other electro-mechanical assemblies. The Company complements its basic manufacturing services by providing its customers with a broad range of sophisticated product engineering and design services. Products manufactured by the Company range from highly sophisticated atomic force microscopes (which measure the electrical field of an atom) to less complex products such as sign plotting devices. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for repayment of indebtedness, sales and marketing activities, capital expenditures, working capital and other general corporate purposes. |