| Startek, Inc. | |||
| Ticker: | SRT | 111 Havana Street | |
| Exchange: | New York Stock Exchange | Denver, CO 80010 | |
| Industry: | Service (SIC Code 7389) | (303) 361-6000 | |
| Type of Shares: | Common Shares | Filing Date: | 1/29/97 | |
| U.S. Shares: | 3,666,667 | Offer Date: | 6/19/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $14.00 - $16.00 | |
| Primary Shares: | 3,000,000 | Offer Price: | $15.00 | |
| Secondary Shares: | 666,667 | Gross Spread: | $1.05 | |
| Offering Amount: | $55,000,005 | Selling: | $0.63 | |
| Expenses: | $500,000 | Reallowance: | $0.10 | |
| Shares Out After: | - |
| Manager | Tier | Phone |
| Donaldson, Lufkin & Jenrette Securities Corp. | Lead Manager | (212) 371-0641 |
| Morgan Stanley & Co. Incorporated | Co-manager | (212) 761-5900 |
| Issuer's Law Firm: | Otten, Johnson, Robinson, Neff & Ragonetti, P.C. |
| Bank's Law Firm: | Milbank, Tweed, Hadley & McCloy |
| Auditor: | Ernst & Young |
| Registrar/Transfer Agent: | UMB Bank N.A. MO |
Dollar amounts in U.S. millions except for per share data | |||||
| 9 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 9/30/96 | 9/30/95 | 9/30/96 | ||
| Revenue: | $41.51 | $44.81 | $23.79 | Assets: | $17.17 |
| Net Income: | $1.59 | $2.01 | $0.18 | Curr Assets: | |
| EPS: | Liabilities: | $11.66 | |||
| Prior EPS: | $4.51 | $0.36 | Curr Liabilities: | ||
| Cash Flow/Oper: | -$1.53 | Equity: | $5.51 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is a leading international provider of integrated, value-added outsourced services primarily for Fortune 500 companies in targeted industries. The company's integrated outsourced services encompass a wide spectrum of logistics management and customer initiated teleservices throughout a product's life cycle, including product order teleservices, supplier management, product assembly and packaging, product distribution, product order fulfillment, and customer care and technical support teleservices. By focusing on these services as its core business, StarTek allows its clients to focus on their primary businesses, reduce overhead, replace fixed costs with variable costs and reduce working capital needs. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay substantially all outsourcing indebtedness of the company, related prepayment premiums, and for working capital and other general corporate purposes, including capital expenditures to increase its capacity and for possible future acquisitions. |