| Augment Systems, Inc. | |||
| (www.augment-systems.com) | |||
| Ticker: | AUGS | 2 Robbins Road | |
| Exchange: | NASDAQ-Small Cap Market | Westford, MA 01886 | |
| Industry: | High-Tech (SIC Code 7373) | (508) 392-8626 | |
| Type of Shares: | Common Shares | Filing Date: | 2/7/97 | |
| U.S. Shares: | 1,800,000 | Offer Date: | 5/13/97 | |
| Non-U.S. Shares: | 0 | Filing Price: | $5.00 | |
| Primary Shares: | 1,800,000 | Offer Price: | $5.50 | |
| Secondary Shares: | 0 | Gross Spread: | $0.55 | |
| Offering Amount: | $9,000,000 | Selling: | $0.25 | |
| Expenses: | $731,000 | Reallowance: | ||
| Shares Out After: | 5,820,682 |
| Manager | Tier | Phone |
| Laidlaw Equities, Inc. | Lead Manager | (212) 376-8852 |
| GKN Securities | Co-manager | (212) 208-6660 |
| Issuer's Law Firm: | Warner & Stackpole |
| Bank's Law Firm: | Graubard Mollen Horowitz Pomeranz & Shapiro |
| Auditor: | BDO Seidman |
| Registrar/Transfer Agent: | Continental Stock Transfer & Trust Co |
Dollar amounts in U.S. millions except for per share data | |||||
| 3 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 6/30/96 | 9/30/96 | 9/30/95 | 9/30/96 | ||
| Revenue: | $0.00 | $0.00 | $0.00 | Assets: | $0.94 |
| Net Income: | -$1.54 | -$1.76 | -$0.05 | Curr Assets: | |
| EPS: | -$0.39 | -$0.36 | -$0.01 | Liabilities: | $1.77 |
| Prior EPS: | -$0.14 | -$1.40 | -$0.02 | Curr Liabilities: | |
| Cash Flow/Oper: | -$1.10 | Equity: | -$0.82 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company, a development stage company, designs, develops and sells high-end super server products designed to move large image and text files rapidly and efficiently over computer networks. The company's initial target markets are the electronic publishing industry and the Internet/Intranet market. The company commenced sales of its initial products, high-end Macintosh (R) - based super servers, in February 1997. The company plans to introduce in 1997 a Windows NT (R) - based high performance Internet/Intranet World Wide Web servers and a super server system designed to support multi-platform networks comprised of Macintosh, Windows NT and UNIX-based workstations. Electronic publishing, whether involving the preparation of high quality color printed documents in print shops, service bureaus and internal corporate publishing departments or interactive documents on the Internet/Intranet, requires massive amounts of disk storage and the movement of large text and image files over networks. The company believes that its products are also well suited for other markets that require rapid and efficient movement of large image and data files over networks, such as medical imaging and geophysical imaging systems. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay outstanding indebtedness, to sales and marketing activities, to product development, to acquire capital equipment, working capital and for general corporate purposes. |