| Star Telecommunications, Inc. | |||
| Ticker: | STRX | 223 East De La Guerra Street | |
| Exchange: | NASDAQ-National Market | Santa Barbara, CA 93101 | |
| Industry: | Service (SIC Code 4813) | (805) 899-1962 | |
| Type of Shares: | Common Shares | Filing Date: | 2/7/97 | |
| U.S. Shares: | 4,000,000 | Offer Date: | 6/12/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $10.00 - $12.00 | |
| Primary Shares: | 3,750,000 | Offer Price: | $9.00 | |
| Secondary Shares: | 250,000 | Gross Spread: | $0.63 | |
| Offering Amount: | $44,000,000 | Selling: | $0.35 | |
| Expenses: | $1,025,000 | Reallowance: | $0.10 | |
| Shares Out After: | 23,238,651 |
| Manager | Tier | Phone |
| Hambrecht & Quist Incorporated | Lead Manager | (415) 439-3626 |
| Alex. Brown & Sons Incorporated | Co-manager | (410) 895-2700 |
| Issuer's Law Firm: | Gunderson Dettmer Stough Villeneuve Franklin |
| Bank's Law Firm: | Wilson, Sonsini, Goodrich & Rosati |
| Auditor: | Arthur Andersen |
| Registrar/Transfer Agent: | U. S. Stock Transfer Corporation |
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: | $208.09 | Assets: | $95.14 | ||
| Net Income: | $0.87 | Curr Assets: | |||
| EPS: | $0.05 | Liabilities: | $94.55 | ||
| Prior EPS: | Curr Liabilities: | ||||
| Cash Flow/Oper: | $0.49 | Equity: | $0.59 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is an international long distance provider offering highly reliable, low cost switched voice services on a wholesale basis, primarily to U.S. based long distance carriers. The company provides international long distance service to over 200 foreign countries through a flexible network of resale arrangements with long distance providers, various foreign network of resale arrangements with long distance providers, various foreign termination relationships, international gateway switches, and leased and owned transmission facilities. The company has grown its revenues rapidly by capitalizing on the deregulation of international telecommunications markets, by combining sophisticated information systems with flexible routing techniques and by leveraging management's industry expertise. The company serves the large and growing international long distance telecommunications market. The company markets to small and medium size long distance companies that do not have the critical mass to invest in their own international transmission facilities or to obtain volume discounts from the larger facilities-based carriers. The company also markets to larger long distance companies seeking lower rates and overflow capacity. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for repayment of indebtedness, capital expenditures, working capital and general corporate purposes. |