| Ticker: | ACLYD | 303 East Seventeenth Avenue, Suite 108 | |
| Exchange: | NASDAQ-National Market | Denver, Colorado 80203 | |
| Industry: | High-Tech | (303) 863-8088 |
| Type of Shares: | Common Shares | Filing Date: | 9/20/96 | |
| U.S. Shares: | 1,000,000 | Offer Date: | 11/19/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $5.50 - $6.50 | |
| Primary Shares: | 1,000,000 | Offer Price: | $7.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.70 | |
| Offering Amount: | $6,000,000 | Selling: | ||
| Expenses: | $266,152 | Reallowance: | ||
| Shares Out After: | 4,661,667 |
| Manager | Tier | Phone |
| Janco Partners, Inc. | Lead Manager | (818) 846-1800 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 7/31/96 | 7/31/96 | ||||
| Revenue: | $2.10 | Assets: | $2.32 | ||
| Net Income: | $1.19 | Liabilities: | $0.38 | ||
| EPS: | $0.27 | Equity: | $1.94 | ||
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 software tools and consulting services for the conversion of Digital Equipment Corporation's VAX/VMS Legacy Systems to UNIX open Client/Server environments. VAX/VMS Legacy Systems use a proprietary computer operating system which is not compatible with other manufacturers' hardware and software applications. In contrast, UNIX is a powerful, open architecture system which is compatible with a wide range of hardware platforms and software applications, including commercial off-the-shelf software. The company believes that UNIX has become the most widely used Client/Server operating system, and that the trend to Client/Server Open Systems such as the system offered by UNIX and Microsoft Corporation's Windows NT operating system will continue for the forseeable future. In order to attain the advantages of UNIX while preserving their investment in existing software applications, many VAX/VMS users will undertake complex conversions to the UNIX operating system. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for creation of additional technical teams to work on Lagacy Code conversion projects; completion of a Year 2000 Problem audit and analysis tool for the VAX/VMS customer base and the related expansion of technical and marketing staff; development of products to capitalize on the VAX/VMS to NT conversion opportunity and the related expansion of technical and marketing staff; acquisition of or investment in complementary businesses, technologies or product lines; and general corporate purposes including working capital and hiring of additional managerial and technical personnel |
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