| All Communications Corporation | |||
| Ticker: | ACUC | 1450 Route 22 West | |
| Exchange: | NASDAQ-Small Cap Market | Mountainside, NJ 07092 | |
| Industry: | Service (SIC Code 4813) | (908) 789-8800 | |
| Type of Shares: | Common Shares | Filing Date: | 2/4/97 | |
| U.S. Shares: | 1,400,000 | Offer Date: | 4/28/97 | |
| Non-U.S. Shares: | 0 | Filing Price: | $3.50 | |
| Primary Shares: | 1,400,000 | Offer Price: | $3.50 | |
| Secondary Shares: | 0 | Gross Spread: | $0.35 | |
| Offering Amount: | $4,900,000 | Selling: | $0.17 | |
| Expenses: | $450,000 | Reallowance: | ||
| Shares Out After: | 4,475,000 |
| Manager | Tier | Phone |
| Monroe Parker & Company | Lead Manager | (914) 696-4200 |
| Issuer's Law Firm: | Singe Zamansky LLP |
| Bank's Law Firm: | Bernstein & Wasserman |
| Auditor: | Schneider Ehrlich & Wengrover LLP |
| Registrar/Transfer Agent: | American Stock Transfer & Trust Co |
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: | $3.88 | Assets: | $2.08 | ||
| Net Income: | $0.05 | Curr Assets: | |||
| EPS: | $0.03 | Liabilities: | $1.91 | ||
| Prior EPS: | $0.01 | Curr Liabilities: | |||
| Cash Flow/Oper: | -$0.46 | Equity: | $0.17 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is engaged in the business of selling, installing and servicing voice and videoconferencing communications systems, concentrating on the commercial and industrial marketplace. The company's voice communications products are intended principally for small to medium-sized business use; its videoconferencing communications products are intended for use by all business, governmental, educational and medical entities. In connection with the sale and service of its products, the company also markets peripheral data and telecommunications products obtained from others. Through its headquarters office in Mountainside, New Jersey and nationwide subcontractors, the company sells, installs and upgrades its communication and information distribution products and services. The company sells, installs and services Panasonic telecommunications products throughout the United States both through employees of the company and subcontractors. |
| Competition |
| The audio and videoconferencing communications industries have been characterized by pricing pressures and business consolidations. The company competes with other manufacturers and distributors of voice communications and videoconferencing systems, many of which are larger, have greater recognition in the industry, a longer operating history and greater financial resources than the company. The company's competitors in the voice communications sector include Lucent Technologies, Inc., Northern Telecom and Toshiba. The company's competitors in the video communications sector include Picturetel Corporation, Compression Labs, Incorporated and VTEL Corporation. |
| Business Plan |
| The company resells to end user customers a number of the telecommunication industry's leading voice-communication and videoconferencing systems and products through non-exclusive reseller agreements with Panasonic and SNS, respectively, and is positioned to provide its customers with the installation and/or integration of the systems and products as well as continued maintenance and service. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for telephone systems inventory, videoconferencing equipment inventory, leasing new corporate headquarters and leasehold improvements, hiring additional employees, the purchase of computer equipment and associated software, marketing and working capital. |
| # of Units: | 550,000 | |||
| Unit Ticker: | ACMNU | Unit Price: | $7.00 | |
| Warrant Ticker: | ACMNW | Warrant Price: | ||
| Warrant Exercise Date: | Warrant Exercise Price: | |||
| Warrant Expiration Date: | ||||
| Warrant Detachable: | Yes | Warrant Detach Date: | ||
| Warrant Callable: | No |
| Unit Composition: 2 Common Shares + 2 Class A Warrants |
| Warrant Entitlement: 1 Common Share |