| Alternative Distribution Systems, Inc. | |||
| Proposed Ticker: | ADSX | 935 West 175th Street | |
| Exchange: | NASDAQ-National Market | Homewood, IL 60430 | |
| Industry: | Financial (SIC Code 6719) | (708) 799-4990 | |
| Type of Shares: | Common Shares | Filing Date: | 2/4/97 | |
| U.S. Shares Filed: | 1,600,000 | Filing Range: | $10.00 - $12.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $17,600,000 | |
| Primary Shares: | 1,600,000 | Expenses: | $500,000 | |
| Secondary Shares: | 0 | Shares Out After: | 4,949,000 |
| Manager | Tier | Phone |
| William Blair & Company | Lead Manager | (312) 364-8990 |
| A.G. Edwards & Sons, Inc. | Co-manager | (314) 955-3039 |
| Issuer's Law Firm: | Gardner, Carton & Douglas |
| Bank's Law Firm: | McDermott, Will & Emery |
| Auditor: | Crowe, Chizek and Company |
| Registrar/Transfer Agent: | LaSalle National Trust, N.A. |
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: | $67.47 | Assets: | $38.32 | ||
| Net Income: | $3.36 | Curr Assets: | |||
| EPS: | $0.68 | Liabilities: | $35.20 | ||
| Prior EPS: | Curr Liabilities: | ||||
| Cash Flow/Oper: | $5.50 | Equity: | $3.12 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company believes it is the leading national provider to the metals industry of fully integrated distribution services, including transportation, warehousing and third-party logistics services. Over the course of more than 15 years in the metals distribution business, the company has developed specialized systems, equipment and expertise which enable it to handle, warehouse and transport high-value metals (primarily steel and aluminum) requiring time-sensitive delivery in coordination with end-users' increasingly sophisticated inventory management requirements. The company serves metals producers, traders, processors and consumers (such as manufacturers of automobiles, appliances, construction and agricultural equipment, metal buildings components and food and beverage packaging) through a network of 16 warehousing and distribution centers and an approximately 285 tractor, primarily short-haul truck fleet operating in the Midwest, East and West Coast markets. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for repayment of outstanding indebtedness, to fund a capital distribution, to the company's current stockholders, and other general corporate purposes. |