| Ticker: MBRS | 680 Washington Boulevard, Suite 1100 | |
| Exchange: NASDAQ-National Market | Stamford, Connecticut 06901 | |
| Industry: Service | (203) 324-7635 |
| Type of Shares: | Common Shares | Filing Date: | 8/21/96 | |
| U.S. Shares: | 2,700,000 | Offer Date: | 10/18/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $15.00 - $17.00 | |
| Primary Shares: | 2,400,000 | Offer Price: | $17.00 | |
| Secondary Shares: | 300,000 | Gross Spread: | $1.19 | |
| Offering Amount: | $43,200,000 | Selling: | $0.69 | |
| Expenses: | $900,000 | Reallowance: | $0.10 | |
| Shares Out After: | 14,550,177 |
| Manager | Tier | Phone |
| Robertson, Stephens & Company | Lead Manager | (415) 989-8500 |
| Hambrecht & Quist Incorporated | Co-manager | (415) 576-3423 |
| PaineWebber Incorporated | Co-manager | (212) 713-2626 |
| Auditor: Price Waterhouse | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 6/30/96 | 6/30/96 | ||||
| Revenue: | $57.01 | Assets: | $41.93 | ||
| Net Income: | -$5.25 | Liabilities: | $57.77 | ||
| EPS: | -$0.42 | Equity: | -$15.85 | ||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is a leading designer and provider of innovative membership service programs. The company addresses the needs of organizations seeking to leverage the expertise of an outside provider in offering these programs. The company offers its programs to increasingly sophisticated consumers seeking economy, efficiency and convenience in their purchase of products and services. For participating vendors, the programs provide the opportunity to reach a large number of demographically attractive members at minimal incremental marketing cost. The company currently offers eight membership programs in broad lifestyle areas such as health, dental, travel, entertainment, sports, financial, and computers and software. The company offers memberships primarily on an individual basis. Individual memberships are marketed by the company to consumers listed in databases provided to it by clients. |
| Use of Proceeds |
| The proceeds from the offering will be used for redemption of redeemable preferred stock and general corporate purposes, including the acquisition of new members, program development, capital expenditures and working capital. |
©1996 IPO Data Systems, Inc. - All rights reserved.