| Javelin Systems, Inc. | |||
| Ticker: | JVLN | 2882C Walnut Avenue | |
| Exchange: | NASDAQ-Small Cap Market | Tustin, CA 92780 | |
| Industry: | High-Tech (SIC Code 3571) | (714) 734-1390 | |
| # of Employees: | 12 | ||
| Type of Shares: | Common Shares | Filing Date: | 8/30/96 | |
| U.S. Shares: | 850,000 | Offer Date: | 10/25/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $5.00 - $7.00 | |
| Primary Shares: | 850,000 | Offer Price: | $5.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.50 | |
| Offering Amount: | $5,100,000 | Selling: | $0.25 | |
| Expenses: | $497,000 | Reallowance: | $0.10 | |
| Shares Out After: | 2,954,250 |
| Manager | Tier | Phone |
| Meridian Capital Group, Inc. | Lead Manager | (714) 261-0707 |
| Sharpe Capital, Inc. | Co-manager | (212) 791-5590 |
| Issuer's Law Firm: | Allen, Matkins, Leck, Gamble & Mallory |
| Bank's Law Firm: | Radcliff, Frandsen, Tricker & Dongell |
| Auditor: | Ernst & Young |
| Registrar/Transfer Agent: | U. S. Stock Transfer Corporation |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 6/30/96 | 6/30/96 | ||||
| Revenue: | $1.46 | Assets: | $0.95 | ||
| Net Income: | -$0.05 | Curr Assets: | |||
| EPS: | -$0.03 | Liabilities: | $0.76 | ||
| Prior EPS: | Curr Liabilities: | ||||
| Cash Flow/Oper: | Equity: | $0.20 | |||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company designs, develops, markets and sells open system touch screen point-of-sale computers primarily for the foodservice industry. The company's POS systems integrate substantially all of the functionality of a standard desktop PC into a small footprint, network ready package and run on industry standard operating systems, such as Microsoft's DOS, Windows, Windows 95 and Windows NT. The company's POS systems provide quick service restaurants, full service restaurants and hospitality and retail establishments with a hardware solution for transaction processing, in-store controls and management information. The company's systems are sealed to protect against spillage and other foreign matter entering the interior electronic chamber. The company's systems are currently being marketed by a number of original equipment manufacturers and value added resellers. The company believes it has achieved a strategic advantage by introducing higher performance POS systems that integrate many of the most recent technological innovations. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to fund increased inventory and accounts receivable, repay indebtedness, increase marketing expenditures, add marketing and sales personnel, increase capital expenditures, including purchasing test equipment and tolling, increase engineering and operations personnel and for working capital and other general corporate purposes. |
| Additional Underwriter Compensation |
| Additional compensation of $127,500. |
| Warrant to purchase 85,000 shares/units at $8.50 per share/unit. |
| Exercise price of $6.25 for 4 year(s), 1 year(s) from 10/25/97. |