| Multimedia Access Corporation | |||
| Ticker: | MMAC | ||
| Exchange: | NASDAQ-National Market | Dallas, TX | |
| Industry: | Manufacturing (SIC Code 3661) | ||
| Type of Shares: | Common Shares | Filing Date: | 8/9/96 | |
| U.S. Shares: | 1,400,000 | Offer Date: | 2/4/97 | |
| Non-U.S. Shares: | 0 | Filing Price: | $7.00 | |
| Primary Shares: | 1,400,000 | Offer Price: | $4.50 | |
| Secondary Shares: | 0 | Gross Spread: | $0.45 | |
| Offering Amount: | $9,800,000 | Selling: | $0.27 | |
| Expenses: | $693,200 | Reallowance: | $0.10 | |
| Shares Out After: | 6,669,973 |
| Manager | Tier | Phone |
| Network One Financial Securities, Inc. | Lead Manager | (908) 758-9001 |
| Business Description |
| The company develops and markets advanced video communications products for the personal computer and workstation marketplace. Applications include desktop videoconferencing, Inyternet and Intranet video communications, video-based training, video surveillance, distance learning and high quality workgroup video communications. While the company sells its core video compression-decompression and video switching technologies to resellers and systems integrators, its primary strategy is to develop and market video communications applications using its technologies. The company, in September 1996, entered into a reseller agreement with Unisys Corporation, a nationewide systems integrator and reseller, to purchase and resell the company's Viewpoint VBX. The Viewpoint VBX is a PC-based video switch which provides workgroup video ciommunications over existing telephone or network wiring commonly found throughout office buildings. |
| Competition |
| The market for DVC systems is highly competitive and characteized by the frequent introduction of new products based upon rapidly changing technologies. The company competes with numerous well-established manufacturers and suppliers of videoconferencing, networking, telecommunications and multimedia equipment equipment and products, some of which dominate certain market segments. In addition, the company is aware of others that are developing, and in some cases have introduced, new DVC systems. |
| Business Plan |
| The company will market its products primarily via third-party resellers including, but not limited to, OEMs, VARs and system integrators. In addition, the company plans to enter into strategic alliances with carriers, telecommunications suppliers and information providers. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for repayment of accounts payable and debt, marketing, research and development, working capital and general corporate capital. |