| Ticker: | HERZ | 325 Fifth Avenue | |
| Exchange: | NASDAQ-Small Cap Market | New York, New York 10016 | |
| Industry: | High-Tech | (212) 684-4141 |
| Type of Shares: | Common Shares | Filing Date: | 8/8/96 | |
| U.S. Shares: | 1,100,000 | Offer Date: | 11/12/96 | |
| Non-U.S. Shares: | 0 | Filing Price: | $5.00 | |
| Primary Shares: | 1,100,000 | Offer Price: | $5.50 | |
| Secondary Shares: | 0 | Gross Spread: | $0.55 | |
| Offering Amount: | $5,500,000 | Selling: | ||
| Expenses: | $576,500 | Reallowance: | ||
| Shares Out After: | 3,000,000 |
| Manager | Tier | Phone |
| Biltmore Securities | Lead Manager | (800) 944-4490 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 8/31/95 | 5/31/96 | 5/31/95 | 5/31/96 | ||
| Revenue: | $11.22 | $9.38 | $8.23 | Assets: | $3.39 |
| Net Income: | $0.05 | $0.39 | $0.07 | Liabilities: | $2.48 |
| EPS: | $0.03 | $0.20 | $0.03 | Equity: | $0.90 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company custom designs, assembles and sells microcomputers and related technology services and supports under the "Hertz" name. The company also designs, manufactures and sells ergonomically engineered mounting and support structures and technical furniture for microcomputers under the "Hergo" name. Ergonomically engineered products are products that are designed to take into consideration the characteristics of computer users and the manner in which they and their computers interact with each other. The company provides customized computers and a broad range of related services, including computer designs and system architecture, consulting services, installation, personnel training and customer support. The company Hergo division designs and manufactures space saving and modular racks to help organize all types of computer hardware communication and electronic devices, peripherals and 19-inch rank mounting equipment for use in any size computer room or technical environment. |
| Use of Proceeds |
| Proceeds from the proposed offering will be used for debt retirement; an S Corporation distribution; a computer marketing program; machinery; establishment of Internet services division; to update computer systems and for marketing. |
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