| Ticker: ITH | 545 Cedar Lane | |
| Exchange: American Stock Exchange | Teaneck, New Jersey 07666 | |
| Industry: High-Tech | (201) 907-0200 |
| Type of Shares: | Common Shares | Filing Date: | 8/7/96 | |
| U.S. Shares: | 3,000,000 | Offer Date: | 10/2/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $6.00 - $8.00 | |
| Primary Shares: | 3,000,000 | Offer Price: | $6.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.48 | |
| Offering Amount: | $21,000,000 | Selling: | $0.24 | |
| Expenses: | $950,000 | Reallowance: | $0.10 | |
| Shares Out After: | 5,930,178 |
| Manager | Tier | Phone |
| National Securities Corp. | Lead Manager | (206) 622-7200 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 6/30/96 | 6/30/95 | 6/30/96 | ||
| Revenue: | $0.80 | $0.21 | $0.36 | Assets: | $0.68 |
| Net Income: | -$1.71 | -$0.95 | -$0.78 | Liabilities: | $0.98 |
| EPS: | -$0.55 | -$0.30 | -$0.25 | Equity: | -$0.30 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| INtegrated Technology designs, develops and markets innovative products for two rapidly emerging computer-related markets: the transmission of voice communications over the Internet and computer/telephone integration. The company has also developed a wireless printing product that the company believes has certain advantages over products currently on the market. With the introduction by various companies of software that enables Internet Telephony, the company has focused on developing add-on products that can expand the potential benefits of Internet Telephony, make Internet Telephony more productive and efficient, and simplify the ancillary hardware devices required for Internet Telephony. The first product developed by the company for this market is CompuNet 2000. This product is a PC keyboard that also functions as a conventional telephone and enables the conferencing together of an Internet and conventional telephone call. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for repayment of indebtedness and the balance of proceeds for i) advertising and marketing ii) research and development iii) acquisition of equipment and new product tooling and iv) working capital and general corporate purposes. |
©1996 IPO Data Systems, Inc. - All rights reserved.