| Ticker: | NAMC | 1010 Northern Boulevard, Suite 336 | |
| Exchange: | NASDAQ-Small Cap Market | Great Neck, New York 11021 | |
| Industry: | Service | (516) 829-4343 |
| Type of Shares: | Common Shares | Filing Date: | 8/2/96 | |
| U.S. Shares: | 1,400,000 | Offer Date: | 11/13/96 | |
| Non-U.S. Shares: | 0 | Filing Price: | $4.00 | |
| Primary Shares: | 1,250,000 | Offer Price: | $4.00 | |
| Secondary Shares: | 150,000 | Gross Spread: | $0.40 | |
| Offering Amount: | $5,600,000 | Selling: | $0.15 | |
| Expenses: | $513,000 | Reallowance: | ||
| Shares Out After: | 3,124,978 |
| 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: | $2.24 | $2.20 | $1.49 | Assets: | $0.89 |
| Net Income: | $0.11 | $0.11 | $0.07 | Liabilities: | $0.98 |
| EPS: | $0.11 | $0.06 | $0.06 | Equity: | -$0.09 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company provides alternative dispute resolution (ADR) services principally to insurance companies, law firms, large self-insured corporations and municipalities. As ADR proceeding is designed to replace the public court system as a forum for resolving civil disputes. The company offers its clients personalized attention and access to qualified hearing officers to either meditate or arbitrate their disputes. The cases currently handled by the company are primarily disputes involving claims for injury to persons or property allegedly arising out of acts of negligence and are usually covered by insurance. The company believes it is one of the leading providers of ADR services in New York State based upon the number of cases processed since 1993. The company has offices currently located in New York, Massachusetts, Pennsylvania, South Carolina an Tennessee, through which it has the ability to provide ADR services on a nationwide basis with a roster of over 600 qualified hearing officers. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for expansion of operations (including the opening and acquisition of new offices); marketing and sales; repayment of debt; working capital; and general corporate purposes. |
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