| Ticker: MAXX | 11480 Sunset Hills Road, Suite 110 | |
| Exchange: NASDAQ-Small Cap Market | Reston, Virginia 22090 | |
| Industry: Manufacturing | (703) 471-5755 |
| Type of Shares: | Common Shares | Filing Date: | 7/18/96 | |
| U.S. Shares: | 2,300,000 | Offer Date: | 8/14/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $3.00 - $4.00 | |
| Primary Shares: | 2,300,000 | Offer Price: | $3.06 | |
| Secondary Shares: | 0 | Gross Spread: | ||
| Offering Amount: | $8,050,000 | Selling: | ||
| Expenses: | $589,000 | Reallowance: | ||
| Shares Out After: | 3,847,300 |
| Manager | Tier | Phone |
| Joseph Stevens & Company, L.P. | Lead Manager | (212) 361-3000 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 6/30/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $0.00 | $0.01 | $0.00 | Assets: | $0.63 |
| Net Income: | -$1.08 | -$1.04 | -$0.76 | Liabilities: | $1.12 |
| EPS: | Equity: | -$0.49 | |||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company, a development stage company with minimal revenues to date, is engaged in the business of developing and marketing the CD-MAX Systems, based upon its proprietary technology. The technology ids designed to allow publishers to of professional, corporate, library and educational CD-ROM based information to sell their information to end-users on a usage basis. Publishers in these fields currently sell CD-ROM titles for a fixed fee, normally as an annual subscription. The company believes that the CD-MAX Systems has the potential to increase the revenues of CD-ROM publishers by reducing copyright and license abuse and enabling them to expand into new markets. The CD-MAX System consists of proprietary metering and encryption software and billing services. The CD-MAX System is being adapted for use on the INternet and is expected to be commercially available during 1996 under the name NET-MAX. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for repayment of bridge financings; payment of deferred management salaries; sales and marketing; product development; and working capital. |
©1996 IPO Data Systems, Inc. - All rights reserved.