| Ticker: | MAST | 1004 McKee Road | |
| Exchange: | NASDAQ-National Market | Oakdale, Pennsylvania 15071 | |
| Industry: | High-Tech | (412) 787-2100 |
| Type of Shares: | Common Shares | Filing Date: | 10/15/96 | |
| U.S. Shares: | 4,800,000 | Offer Date: | 12/17/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $14.00 - $16.00 | |
| Primary Shares: | 3,400,000 | Offer Price: | $15.00 | |
| Secondary Shares: | 1,400,000 | Gross Spread: | $1.05 | |
| Offering Amount: | $72,000,000 | Selling: | $0.63 | |
| Expenses: | $1,000,000 | Reallowance: | $0.10 | |
| Shares Out After: | 21,600,000 |
| Manager | Tier | Phone |
| Donaldson, Lufkin & Jenrette Securities Corp. | Lead Manager | (212) 504-4525 |
| Cowen & Company | Co-manager | (212) 495-6000 |
| Montgomery Securities | Co-manager | (415) 627-2220 |
| Parker/Hunter Incorporated | Co-manager | (412) 562-7892 |
| 9 Month Ending Financials | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 9/30/96 | 9/30/95 | 9/30/96 | ||
| Revenue: | $103.68 | $90.34 | $76.16 | Assets: | $26.84 |
| Net Income: | $11.07 | $6.23 | $8.20 | Liabilities: | $13.46 |
| EPS: | $0.61 | $0.34 | $0.45 | Equity: | $13.37 |
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 worldwide provider of information technology services to large organizations. Mastech provides its clients with a single source for a broad range of applications solutions and services, including client/server design and development. These services are provided in a variety of computing environments and use leading technologies, including client/server architectures, object-oriented programming, distributed databases and the latest networking and communications technologies. To enhance its services, Mastech has formed business alliances with leading software companies such as Baan, Oracle and Viasoft. In addition, the company has developed its own proprietary methodologies and tools, known as SmartAPPS, that provide a complete solution set for each of its services. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for the expansion of existing operations, including the company's international and offshore software development operations, development of new service lines and possible acquisitions of related businesses; payment of undistributed S Corporation earnings; and general corporate purposes including working capital. |
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