| Proposed Ticker: WBSA | 9250 East Costilla Avenue, Suite 325 | |
| Exchange: NASDAQ-National Market | Englewood, Colorado 80112 | |
| Industry: Service | (303) 649-1195 |
| All share information is proposed | ||||
| Type of Shares: | Class A Common Shares | Filing Date: | 8/7/96 | |
| U.S. Shares Filed: | 2,350,000 | Filing Range: | $14.00 - $16.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $35,250,000 | |
| Primary Shares: | 2,350,000 | Expenses: | - | |
| Secondary Shares: | 0 | Shs Out After: | ||
| Manager | Tier | Phone |
| Prudential Securities Incorporated | Lead Manager | (212) 214-3000 |
| Lehman Brothers Incorporated | Co-manager | (212) 640-6129 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 6/30/96 | 6/30/95 | 6/30/96 | ||
| Revenue: | $16.87 | $10.19 | $7.48 | Assets: | $58.27 |
| Net Income: | -$10.04 | -$5.80 | -$3.35 | Liabilities: | $17.88 |
| EPS: | -$0.42 | -$0.24 | -$0.16 | Equity: | $40.39 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| Wireless Broadcasting Systems of America, Inc. acquires, owns, develops and operates wireless cable systems in two regions of the United States. The company currently provides subscription television services in its Florida region through wireless cable systems located in Fort Pierce and Melbourne and in its Northwest region through wireless cable systems located in Boise, Idaho; Sacramento, California; and Yakima, Washington. In the 12 month period ended June 30, 1996, which is the latest 12 months in which all five Operating Systems have been fully operational, the Operating Systems experienced substantial subscriber growth from approximately 52,700 to 63,100, an increase of approximately 19.7% which represents a penetration rate of 4.8%. In addition to the Operating Systems, the company plans to launch new systems in West Palm Beach, Florida; Coos Bay, Oregon; Eureka, California; Helena, Montana; Kennewick, Washington; Klamath Falls, Oregon; and Rosenburg, Oregon. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay amounts outstanding under the revolving credit facility and for general corporate purposes, including financing further expansion and development of the Operating Systems, capital expenditures and operating expenses in connection with the launch and development of the Planned Systems and possible acquisitions of additional wireless cable systems, assets or channel rights. |
©1996 IPO Data Systems, Inc. - All rights reserved.