| Proposed Ticker: | - | 120 International Parkway, Suite 220 | |
| Exchange: | None | Heathrow, Florida 32746 | |
| Industry: | Service | (407) 741-9116 |
| All share information is proposed | ||||
| Type of Shares: | Common Shares | Filing Date: | 12/20/96 | |
| U.S. Shares Filed: | 1,000,000 | Filing Price: | $14.50 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $14,500,000 | |
| Primary Shares: | 1,000,000 | Expenses: | $145,000 | |
| Secondary Shares: | 0 | Shs Out After: | ||
| Manager | Tier | Phone |
| Non-Underwritten | Lead Manager |
| Auditor: James, Parks, Tshopp & Whitcomb, P.A. | |||||
| 8 Month Ending Financials | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/12/96 | 12/12/96 | ||||
| Revenue: | $0.00 | Assets: | $0.15 | ||
| Net Income: | $0.01 | Liabilities: | $0.02 | ||
| EPS: | Equity: | $0.13 | |||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| Mobile Area Networks, inc. offers the users of laptop computers and handheld digital communication devices it's exclusive very low cost, very fast, encrypted (private) wireless communication service call mobiLAN(R). This system uses a unique combination of exclusive second generation megabit transceiver PC Card, patented encryption and billing software, local relays, and fiber optics transmission for clean, fast, LAN access to main computer groups, including the INternet and the Intranet. Digital, audio, and video live interaction is available on a real-time basis, at a small fraction of the cost of telephone modem usage. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for network operating costs, network installation costs, management expenses, sales and promotion expenses, engineering, administration and general corporate purposes. |
©1996 IPO Data Systems, Inc. - All rights reserved.