| Ticker: ACIT | 3100 West Lake Street, Suite 300 | |
| Exchange: NASDAQ-Small Cap Market | Minneapolis, Minnesota 55416 | |
| Industry: Service | (612) 928-4700 |
| Type of Shares: | Common Shares | Filing Date: | 8/12/96 | |
| U.S. Shares: | 1,400,000 | Offer Date: | 10/21/96 | |
| Non-U.S. Shares: | 0 | Filing Price: | $5.00 | |
| Primary Shares: | 1,400,000 | Offer Price: | $5.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.50 | |
| Offering Amount: | $7,000,000 | Selling: | $0.25 | |
| Expenses: | $310,000 | Reallowance: | ||
| Shares Out After: | 5,600,000 |
| Manager | Tier | Phone |
| Miller, Johnson & Kuehn Incorporated | Lead Manager | (612) 544-6660 |
| Auditor: Deloitte & Touche | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 6/30/96 | 6/30/95 | 6/30/96 | ||
| Revenue: | $5.85 | $3.96 | $2.86 | Assets: | $3.41 |
| Net Income: | $0.16 | $0.26 | $0.25 | Liabilities: | $3.21 |
| EPS: | $0.04 | $0.06 | Equity: | $0.20 | |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| ACI Telecentrics provides telephone based sales and marketing services,broadly defined as teleservices,primarily to the publishing and financial services industries,and is expanding its services to the telecommunications and other industries. The company's revenues have grown from 1.6 million in 1992 to 5.8 million in 1995. While the company's services have consisted primarily of outbound telemarketing (initially calls from a call center), the company plans to leverage its telemarketing expertise by adding inbound teleservice capabilities (responding to calls received at a call center) in 1997. The company currently operates 241 workstations in four call centers located in Minnesota and North Dakota and plans to add approximately 48 workstations in a fifth call center scheduled to open in South Dakota in the fall of 1996. The company strives to provide high quality telemarketing and related services through committed and well trained personnel, effective implementation of up to date technologies and continuous innovations in call center management and services. |
| Use of Proceeds |
| The proceeds of the offering will be used for repayment of certain indebtedness and working capital which may include funds for expansion of the company's business and possible acquisitions. |
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