| Proposed Ticker: JENI | 9697 East Mineral Avenue | |
| Exchange: NASDAQ-National Market | Englewood, Colorado 80112 | |
| Industry: Service | (303) 792-3111 |
| All share information is proposed | ||||
| Type of Shares: | Class A Common Shares | Filing Date: | 8/30/96 | |
| U.S. Shares Filed: | 6,900,000 | Filing Range: | $14.00 - $16.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $103,500,000 | |
| Primary Shares: | 5,800,000 | Expenses: | $550,000 | |
| Secondary Shares: | 1,100,000 | Shs Out After: | 11,581,795 | |
| Manager | Tier | Phone |
| Montgomery Securities | Lead Manager | 4156272220 |
| M. Kane & Company, Inc. | Co-manager | (310) 208-1166 |
| Piper Jaffray Incorporated | Co-manager | (612) 342-6000 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 6/30/96 | 6/30/95 | 6/30/96 | ||
| Revenue: | $15.91 | $10.53 | $7.72 | Assets: | $11.09 |
| Net Income: | -$13.29 | -$2.11 | -$8.46 | Liabilities: | $4.94 |
| EPS: | -$2.40 | -$0.36 | -$1.60 | Equity: | $6.15 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company offers a variety of integrated educational programming, products and services through multiple distribution channels designed to serve the learning needs of adults. Targeting adults who seek information that is of practical use in their day-to-day lives, the company licenses, develops and produces knowledge-enhancing programs and distributes these programs primarily on its two television networks, ME/U Knowledge TV and Jones Computer Network. For adults who desire more in-depth information or post-secondary degrees or certificates, the company works in conjunction with select universities and colleges to offer degree and certificate courses through multiple forms of media, including videotapes, television, print materials, the Internet and other interactive multimedia. The company also offers a broad selection of educational video and software products that complement its programming and course offerings. The company's programming, products and services concentrate primarily on four high-demand subject areas: (i) computers and technology, (ii) business, careers and finance, (iii) health and wellness and (iv) global culture and languages. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used i) to increase marketing activities relating to the company's networks and its education products and services through 1997 ii) to license, develop and produce additional programming for its networks and its degree and certificate course offerings through 1997 iii) to repay a long-term advance from Jones International iv) to fund future operating losses, for marketing and programming expenses after 1997, and for general corporate purposes, including potential strategic investments or acquisitions. |
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