| Ticker: ONDI | 6321 Bury Drive | |
| Exchange: NASDAQ-National Market | Eden Prairie, Minnesota 55346 | |
| Industry: High-Tech | (612) 937-1107 |
| Type of Shares: | Common Shares | Filing Date: | 8/22/96 | |
| U.S. Shares: | 2,700,000 | Offer Date: | 10/21/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $10.00 - $12.00 | |
| Primary Shares: | 2,000,000 | Offer Price: | $12.00 | |
| Secondary Shares: | 700,000 | Gross Spread: | $0.84 | |
| Offering Amount: | $29,700,000 | Selling: | $0.48 | |
| Expenses: | $450,000 | Reallowance: | $0.10 | |
| Shares Out After: | 9,602,674 |
| Manager | Tier | Phone |
| Montgomery Securities | Lead Manager | (415) 627-2220 |
| Dain Bosworth Incorporated | Co-manager | (612) 371-2711 |
| Volpe, Welty & Company | Co-manager | (415) 956-8120 |
| Auditor: Price Waterhouse | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 6/30/96 | 6/30/95 | 6/30/96 | ||
| Revenue: | $17.15 | $11.90 | $7.19 | Assets: | $9.11 |
| Net Income: | $2.21 | $1.31 | $1.01 | Liabilities: | $7.82 |
| EPS: | $0.28 | $0.17 | Equity: | $1.30 | |
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 provider of data recovery services to a broad range of customers experiencing a loss of valuable computer data. During the past nine years, the company has performed over 30,000 data recoveries for Fortune 500 corporations, governmental agencies, educational and financial institutions, as well as small businesses and individuals. The company first developed expertise in data file structures, operating systems, and storage media technologies in 1985 through the development of Disk Manager, a hard disk drive installation software utility which the company continues to market. The company performs its data recovery services in its headquarters in Minneapolis, Minnesota and its branch offices in London, England, Los Angeles, California and Washington, D.C., which offices were opened in 1991, 1992 and 1995 respectively. The company also develops and markets a number of commercial software products which have played a key role in expanding the company's knowledge base for the development of data recovery solutions. |
| Use of Proceeds |
| The proceeds of the offering will be used for working capital and general corporate purposes. |
©1996 IPO Data Systems, Inc. - All rights reserved.