| Proposed Ticker: TLSN | 455 North Bernardo Avenue | |
| Exchange: NASDAQ-National Market | Mountain View, California 94043 | |
| Industry: Not Classified | (415) 960-0920 |
| All share information is proposed | ||||
| Type of Shares: | Common Shares | Filing Date: | 7/31/96 | |
| U.S. Shares Filed: | 2,700,000 | Filing Range: | $12.00 - $14.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $35,100,000 | |
| Primary Shares: | 2,075,000 | Expenses: | $800,000 | |
| Secondary Shares: | 625,000 | Shs Out After: | 5,085,091 | |
| Manager | Tier | Phone |
| Jefferies & Company Incorporated | Lead Manager | (800) 933-6656 |
| Van Kasper & Company | Co-manager | (415) 391-5600 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 6/30/96 | 6/30/95 | 6/30/96 | ||
| Revenue: | $30.67 | $17.24 | $15.32 | Assets: | $14.71 |
| Net Income: | $1.39 | $1.20 | $0.62 | Liabilities: | $8.71 |
| EPS: | $0.41 | $0.36 | $0.17 | Equity: | $6.00 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| Telesensory Corporation, founded in 1970, develops, manufactures and markets innovative electronic and computer-based products to assist people with severe visual disabilities to achieve greater independence and privacy. The company is the leading provider of such products in North America, and one of the two leading companies worldwide. The company makes video magnifiers and other electronic and computer based assistive devices for those who are totally blind or without useable light perception. Severe visual impairment is defined by the National Center for Health Statistics as the inability to read ordinary newspaper print even when wearing glasses or contact lenses. Such people also have difficulty with daily activities such as reading mail and prescription bottles, balancing checkbooks, viewing photographs and working with small objects. The number of people in the United States who are severely visually impaired is estimated at 4.3 million. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for repayment of bank indebtedness and other general corporate purposes, including working capital, marketing, product development and possible acquisitions. |
©1996 IPO Data Systems, Inc. - All rights reserved.