| TelePassport, Inc. | |||
| Proposed Ticker: | TEPP | 1212 Avenue of Americas | |
| Exchange: | NASDAQ-National Market | New York, NY 10036 | |
| Industry: | Transportation (SIC Code 4813) | (212) 302-3365 | |
| Type of Shares: | Class B Common Shares | Filing Date: | 2/3/97 | |
| U.S. Shares Filed: | 5,000,000 | Filing Range: | $14.00 - $16.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $75,000,000 | |
| Primary Shares: | 5,000,000 | Expenses: | - | |
| Secondary Shares: | 0 | Shares Out After: |
| Manager | Tier | Phone |
| CS First Boston | Lead Manager | (212) 325-2000 |
| Smith Barney Inc. | Co-manager | (212) 723-7300 |
| Issuer's Law Firm: | Baer Marks & Upham |
| Bank's Law Firm: | Cravath, Swaine & Moore |
| Auditor: | Ernst & Young |
| Registrar/Transfer Agent: | Bank of New York |
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: | $27.64 | $27.76 | $19.72 | Assets: | $10.65 |
| Net Income: | -$1.40 | -$4.81 | -$0.74 | Curr Assets: | |
| EPS: | Liabilities: | $12.49 | |||
| Prior EPS: | -$4.31 | -$0.44 | Curr Liabilities: | ||
| Cash Flow/Oper: | -$1.01 | Equity: | -$1.84 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is a provider of international telecommunications services. The company conducts business on a global basis with a principal focus on small and medium-sized businesses and residential customers with significant international long distance traffic in the United Kingdom, Germany, Austria, Switzerland and other targeted areas of Europe, and in Japan and other targeted Asian countries. The company has also commenced efforts to sell national telecommunications services in certain of these targeted areas. The company operates a digital switch-based telecommunications network connected by leased fiber optic transmission facilities. The TelePassport Network currently has international gateway switching centers in New York and Tokyo. In addition, the company has switching facilities in London, Frankfurt and Vienna. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to expand and upgrade the TelePassport Network; to integrate distribution through acquisitions; to acquire businesses or invest in joint ventures or strategic alliances; for research and development and for general corporate purposes and working capital. |