| Ticker: | THEO | 7703 Maple Avenue | |
| Exchange: | NASDAQ-Small Cap Market | Pennsauken, New Jersey 08109 | |
| Industry: | Service | (609) 663-8600 |
| Type of Shares: | Common Shares | Filing Date: | 7/25/96 | |
| U.S. Shares: | 700,000 | Offer Date: | 12/2/96 | |
| Non-U.S. Shares: | 0 | Filing Price: | $3.00 | |
| Primary Shares: | 700,000 | Offer Price: | $6.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.60 | |
| Offering Amount: | $2,100,000 | Selling: | ||
| Expenses: | $302,600 | Reallowance: | ||
| Shares Out After: | 3,552,000 |
| Manager | Tier | Phone |
| Werbel-Roth Securities, Inc. | Lead Manager | (305) 486-1500 |
| Millennium Securities Corp. | Co-manager |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 3/31/96 | 3/31/96 | ||||
| Revenue: | $2.59 | Assets: | $1.44 | ||
| Net Income: | $0.35 | Liabilities: | $0.43 | ||
| EPS: | Equity: | $1.01 | |||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company translates conventional documents and software written in one language into other languages. The company specializes as a provider of high tech translation and localization services in the information technology sector of the translation market. Localization is the art of converting from one language to another giving careful consideration to custom of the local area. The company believes that the worldwide translation market is at least a $20 billion per year industry. The company was incorporated in Delaware on July 7, 1995. It began implementation of its consolidation program when it acquired the Bureau of Translation Services, Inc., a Pennsylvania corporation formed in 1984 as a wholly owned subsidiary on January 17, 1996 through an exchange of stock. In addition to its administrative offices located in Haddonfield, N.J., the company maintains a center devoted specifically to Japanese translation in Westmont N.J. and a facility in Wiesloch, Germany, managing European translation. |
| Use of Proceeds |
| Proceeds from the proposed offering will be used to purchase advanced information technology products and related companies, and for general corporate purposes, the development and marketing of its products and for working capital. |
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