| Proposed Ticker: CIIT | 1396 Charlotte Highway | |
| Exchange: NASDAQ-National Market | Fairview, North Carolina 28730 | |
| Industry: Manufacturing | (704) 628-1711 |
| All share information is proposed | ||||
| Type of Shares: | Common Shares | Filing Date: | 7/19/96 | |
| U.S. Shares Filed: | 3,500,000 | Filing Range: | $7.00 - $9.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $28,000,000 | |
| Primary Shares: | 3,500,000 | Expenses: | - | |
| Secondary Shares: | 0 | Shs Out After: | 6,500,000 | |
| Manager | Tier | Phone |
| William Blair & Company | Lead Manager | (312) 236-1600 |
| Furman Selz Incorporated | Co-manager | (212) 309-8200 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $39.92 | $13.12 | $9.22 | Assets: | $48.36 |
| Net Income: | -$2.36 | $0.08 | -$0.13 | Liabilities: | $46.20 |
| EPS: | -$0.93 | $0.03 | -$0.05 | Equity: | $2.16 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company manufactures and markets high performance electromechanical and solid state relays and soleniods. The Company's relays are used to control current or signals in electrical and electronic circuits and are used to control current or signals in electrical and electronic circuits and are technological building blocks for a wide range of products. While the company is a broad-based supplier of general and special purpose relays and solenoids, it has focused on manufacturing high performance relay products and targeting customized applications of these products to meet the needs of the markets it serves. The company's high performance relays are sophisticated, complex devices that have been engineered for highly reliable performance over substantial periods of time, often in adverse operating environments. The company sells its products to more than 2,100 customers, including Boeing, AT&T;, Rockwell, Hewlett Packard, McDonell Douglas and General Motors. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay debt and redeem preferred shares. |
©1996 IPO Data Systems, Inc. - All rights reserved.