| Visual Data Corporation | |||
| Ticker: | VDAT | 1600 S. Dixie Highway, Suite 3A | |
| Exchange: | NASDAQ-Small Cap Market | Boca Raton, FL 33432 | |
| Industry: | Manufacturing (SIC Code 2741) | (561) 367-8505 | |
| Type of Shares: | Common Shares | Filing Date: | 12/26/96 | |
| U.S. Shares: | 1,000,000 | Offer Date: | 7/29/97 | |
| Non-U.S. Shares: | 0 | Filing Price: | $6.00 | |
| Primary Shares: | 1,000,000 | Offer Price: | $6.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.60 | |
| Offering Amount: | $6,000,000 | Selling: | $0.30 | |
| Expenses: | $500,000 | Reallowance: | $0.08 | |
| Shares Out After: | 5,058,214 |
| Manager | Tier | Phone |
| Noble Investment Co. | Lead Manager | (561) 994-1191 |
| Seaboard Securities, Inc. | Co-manager | (201) 514-1500 |
| Issuer's Law Firm: | Atlas, Pearlman, Trop & Borkson |
| Auditor: | Goldstein Lewin & Company |
| Registrar/Transfer Agent: | Interwest Transfer Company |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 9/30/96 | 9/30/96 | ||||
| Revenue: | $0.11 | Assets: | $0.68 | ||
| Net Income: | -$1.89 | Curr Assets: | |||
| EPS: | -$0.83 | Liabilities: | $1.14 | ||
| Prior EPS: | -$0.26 | Curr Liabilities: | |||
| Cash Flow/Oper: | Equity: | -$0.46 | |||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is a "content" developer specializing in the production, marketing and distribution of visual information for the Internet, other on-line services and, eventually, interactive television. Through its international network of independent camera crews and state-of-the-art video production studio, the company is developing full-motion visual libraries containing short, concise vignettes for various consumer oriented topics such as travel, education, health, fitness, medicine and consumer products. The company's first product, the HotelView/Registered trademark/ Library, operated through the company's currently wholly owned subsidiary HotelView Corporation, is a visual library for the hotel and travel industry that provides an overview of amenities of hotels and resorts, as well as local attractions and services. On a fee for service basis, the company videotapes, edits and produces high quality visual brochures, two to three minutes in length, with a voice narrative in full-motion video, which features include room views, conference facilities, lobby pool, restaurants, grounds, and sports facilities. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for video content acquisition, marketing and advertising, editing equipment and facilities, personnel, travel agent hardware and general corporate purposes and working capital. |