| Triton Systems, Inc. | |||
| Proposed Ticker: | TRTN | 522 East Railroad Street | |
| Exchange: | NASDAQ-National Market | Long Beach, MS 39560 | |
| Industry: | High-Tech (SIC Code 3578) | (601) 868-1317 | |
| Type of Shares: | Common Shares | Filing Date: | 1/28/97 | |
| U.S. Shares Filed: | 3,000,000 | Filing Range: | $9.00 - $11.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $30,000,000 | |
| Primary Shares: | 3,000,000 | Expenses: | $600,000 | |
| Secondary Shares: | 0 | Shares Out After: | 16,158,288 |
| Manager | Tier | Phone |
| Montgomery Securities | Lead Manager | (415) 627-2100 |
| Dean Witter Reynolds | Co-manager | (212) 392-3223 |
| Smith Barney Inc. | Co-manager | (212) 723-7300 |
| Issuer's Law Firm: | Hutchins Wheeler & Dittmar |
| Bank's Law Firm: | Hale and Dorr |
| Auditor: | Deloitte & Touche |
| Registrar/Transfer Agent: | First National Bank of Boston |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/96 | 12/31/96 | ||||
| Revenue: | $40.97 | Assets: | $13.68 | ||
| Net Income: | $8.22 | Curr Assets: | |||
| EPS: | $0.50 | Liabilities: | $11.40 | ||
| Prior EPS: | Curr Liabilities: | ||||
| Cash Flow/Oper: | -$0.85 | Equity: | $2.27 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is a leading manufacturer and marketer of automated teller machines in the United States. The company designs, manufactures, markets and sells primarily focused-function ATMs, which are intended to operate profitably at significantly lower transaction volumes than conventional ATMs. Conventional ATMs typically dispense cash, accept deposits, transfer funds between accounts and provide account balances. Focused-function ATMs, such as those manufactured by the company, perform all of these functions, other than accepting deposits. Focused-function ATMs are suitable for locations such as convenience stores, hotels, casinos, grocery stores, fast food restaurants, department stores, gas stations, malls, campuses and entertainment complexes, including movie theaters, amusement parks and race tracks, in addition to bank and credit union branches. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay indebtedness and for working capital and for general corporate purposes. |