| Proposed Ticker: CGSI | 1675 Broadway | |
| Exchange: NASDAQ-National Market | New York, New York 10019 | |
| Industry: Service | (212) 408-3800 |
| All share information is proposed | ||||
| Type of Shares: | Common Shares | Filing Date: | 7/31/96 | |
| U.S. Shares Filed: | 0 | Filing Price: | - | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $34,500,000 | |
| Primary Shares: | 0 | Expenses: | - | |
| Secondary Shares: | 0 | Shs Out After: | ||
| Manager | Tier | Phone |
| J.P. Morgan Securities Inc. | Lead Manager | (212) 648-9922 |
| Oppenheimer & Company, Inc. | Co-manager | (212) 667-7402 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 6/30/96 | 6/30/95 | 6/30/96 | ||
| Revenue: | $35.95 | $27.35 | $15.49 | Assets: | $13.18 |
| Net Income: | $1.02 | $0.64 | $1.27 | Liabilities: | $10.71 |
| EPS: | Equity: | $2.48 | |||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company offers its clients a Composite Solution for their information technology requirements. The Composite Solution is based on a modular approach which allows the company to utilize its products and services to create solutions for its clients. Products and services provided by the company range from the ACS Optima Software bundled with IBM AS/400 hardware and related support services, to professional services, technical training, full service on-site and remote help desk support and call management services. The marketing of many of the company's products and services is enhanced through its strategic and other relationships with recognized leaders in the IT industry, including International Business Machines Corporation and AT&T; Corp. The company is the leading supplier of integrated business information systems to the apparel industry. Its solution includes its proprietary ACS Optima software and a number of fully integrated complementary products licensed to the company, a comprehensive, integrated business information system specifically designed for the apparel industry. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for repayment of certain indebtedness; fund distributions to the company's existing stockholders of the cumulative amount of the company's undistributed earnings for the entire period it was an S Corporation and for general corporate purposes, including working capital, potential acquisitions, strategic business partnerships and future product enhancements. |
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