| TVX, Inc. | |||
| Proposed Ticker: | TVAI | 14818 West 6th Avenue, Suite 1A | |
| Exchange: | NASDAQ-National Market | Golden, CO 80401 | |
| Industry: | Manufacturing (SIC Code 3669) | (303) 277-9877 | |
| Type of Shares: | Common Shares | Filing Date: | 2/4/97 | |
| U.S. Shares Filed: | 2,666,667 | Filing Range: | $14.00 - $16.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $40,000,005 | |
| Primary Shares: | 2,666,667 | Expenses: | $800,000 | |
| Secondary Shares: | 0 | Shares Out After: | 7,362,372 |
| Manager | Tier | Phone |
| BT Securities Corporation | Lead Manager | (212) 250-5579 |
| Genesis Merchant Group Securities | Co-manager | (800) 521-2424 |
| Issuer's Law Firm: | Ireland, Stapleton, Pryor & Pascoe |
| Bank's Law Firm: | Cahill Gordon & Reindel |
| Auditor: | Ernst & Young |
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: | $1.03 | Assets: | $3.73 | ||
| Net Income: | -$3.25 | Curr Assets: | |||
| EPS: | -$0.93 | Liabilities: | $7.53 | ||
| Prior EPS: | -$0.99 | Curr Liabilities: | |||
| Cash Flow/Oper: | -$2.06 | Equity: | -$3.80 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company develops and distributes digital image management systems for the security and surveillance industry, the transportation management industry and Internet video applications. It also is a value-added reseller, with systems engineering capabilities, of imaging hardware and software. The company's systems enable video and still images to be captured, digitized and compressed for storage or immediate transmission over wired or wireless networks for evaluation by end users. The company's systems, many of which are covered by patents pending, generally consist of proprietary software and integrated hardware platforms that are sold globally through multiple distribution channels. The company believes it differentiates itself by utilizing its technology to offer high quality integrated solutions that allow for interactive communication and automated processing of information. The company believes that there is significant demand in existing and developing markets for systems utilizing its technology. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for payment of the anticipated cash portion of the Acquisition; retirement of existing debt; general corporate purposes, including research and development and marketing expenses; building or obtaining manufacturing capability; transaction fees and expenses; integration of the company's operations following the acquisition; and redemption of the stock issues. |