| Allstar Systems, Inc. | |||
| Ticker: | ALLS | 6401 Southwest Freeway | |
| Exchange: | NASDAQ-National Market | Houston, TX 77074 | |
| Industry: | Wholesale (SIC Code 5045) | (713) 795-2000 | |
| Type of Shares: | Common Shares | Filing Date: | 6/5/97 | |
| U.S. Shares: | 1,767,500 | Offer Date: | 7/7/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $7.00 - $8.00 | |
| Primary Shares: | 1,500,000 | Offer Price: | $6.00 | |
| Secondary Shares: | 267,500 | Gross Spread: | $0.45 | |
| Offering Amount: | $13,256,250 | Selling: | $0.26 | |
| Expenses: | - | Reallowance: | $0.10 | |
| Shares Out After: | 4,175,000 |
| Manager | Tier | Phone |
| Sutro & Company Inc. | Lead Manager | (415) 445-8323 |
| Cruttenden Roth Incorporated | Co-manager | (800) 678-9147 |
| Issuer's Law Firm: | Porter & Hedges |
| Bank's Law Firm: | Gardere & Wynne |
| Auditor: | Deloitte & Touche |
| Registrar/Transfer Agent: | American Stock Transfer & Trust Co |
Dollar amounts in U.S. millions except for per share data | |||||
| 3 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/96 | 3/31/97 | 3/31/96 | 3/31/97 | ||
| Revenue: | $120.36 | $26.59 | $25.95 | Assets: | $27.30 |
| Net Income: | $1.60 | $0.25 | $0.14 | Curr Assets: | |
| EPS: | $0.60 | $0.09 | $0.05 | Liabilities: | $22.72 |
| Prior EPS: | $0.19 | $1.16 | $2.56 | Curr Liabilities: | |
| Cash Flow/Oper: | $0.09 | Equity: | $4.58 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is a growing regional provider of computer and telecommunications hardware and software products and related services. The company primarily markets its products and services in Texas from two locations in the Houston and Dallas-Fort Worth. The company's customer base of over 3,800 accounts is comprised primarily of mid-sized customers and regional offices of larger customers in commercial, educational and governmental sectors. The company positions itself to provide its customers with single-source solutions for both their computer and telecommunications needs by offering a broad range of products and services and by providing the expertise to support integrated computer and telecommunications applications. The company's revenues are derived from sales of computer hardware and software, computer related information technology and the company's proprietary computer/telephone integrated software. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay short term debt, meet working capital requirements and for general corporate purposes. |