| Ticker: | EDMD | 1327 Northmeadow Parkway, Suite 132 | |
| Exchange: | NASDAQ-National Market | Roswell, Georgia 30076 | |
| Industry: | Service | (770) 475-9930 |
| Type of Shares: | Common Shares | Filing Date: | 8/8/96 | |
| U.S. Shares: | 2,400,000 | Offer Date: | 10/28/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $11.00 - $13.00 | |
| Primary Shares: | 2,200,000 | Offer Price: | $10.00 | |
| Secondary Shares: | 200,000 | Gross Spread: | $0.70 | |
| Offering Amount: | $28,800,000 | Selling: | $0.42 | |
| Expenses: | $800,000 | Reallowance: | $0.10 | |
| Shares Out After: | 6,694,411 |
| Manager | Tier | Phone |
| Smith Barney Inc. | Lead Manager | (718) 921-8473 |
| Montgomery Securities | Co-manager | (415) 627-2220 |
| Auditor: Ernst & Young | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 3/31/96 | 6/30/96 | 6/30/95 | 6/30/96 | ||
| Revenue: | $38.65 | $9.20 | $8.76 | Assets: | $17.12 |
| Net Income: | $0.08 | $0.07 | -$0.06 | Liabilities: | $11.52 |
| EPS: | $0.02 | $0.01 | -$0.01 | Equity: | $5.60 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company provides diversified career oriented postsecondary education to more than 4,300 students in 14 schools located in six states. The company's 14 schools offer diploma and/or associate degree programs designed to provide students with the knowledge and skills necessary to qualify them for entry level employment in the fields of healthcare, business, fashion and design, and photography. The company's curricula includes programs leading to employment in nine of the 15 fastest growing occupations as reported by the U.S. Department of Labor. The company believes the demand for postsecondary career oriented education will increase over the next several years as a result of recognized demographic trends. These trends include i) a projected 21% growth in the number of new high school graduates ii) the increasing enrollment of students over the age of 24 in postsecondary education institutions iii) a decline in military opportunities. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay debt, to acquire additional schools and for working capital and other general corporate purposes. |
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