| PC411, Inc. | |||
| (www.PC411.com) | |||
| Ticker: | PCFR | 9800 S. La Cienega Boulevard | |
| Exchange: | NASDAQ-Small Cap Market | Inglewood, CA 90301 | |
| Industry: | High-Tech (SIC Code 7375) | (310) 645-1114 | |
| Type of Shares: | Common Shares | Filing Date: | 2/11/97 | |
| U.S. Shares: | 1,150,000 | Offer Date: | 5/16/97 | |
| Non-U.S. Shares: | 0 | Filing Price: | $5.00 | |
| Primary Shares: | 1,150,000 | Offer Price: | $5.75 | |
| Secondary Shares: | 0 | Gross Spread: | $0.57 | |
| Offering Amount: | $5,750,000 | Selling: | ||
| Expenses: | $680,000 | Reallowance: | ||
| Shares Out After: | 2,800,000 |
| Manager | Tier | Phone |
| Biltmore Securities | Lead Manager | (305) 351-4200 |
| Issuer's Law Firm: | Morse, Zelnick, Rose & Lander, LLP |
| Bank's Law Firm: | Bernstein & Wasserman |
| Auditor: | KPMG Peat Marwick |
| Registrar/Transfer Agent: | American Stock Transfer & Trust Co |
Dollar amounts in U.S. millions except for per share data | |||||
| 9 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 9/30/96 | 9/30/95 | 9/30/96 | ||
| Revenue: | $0.01 | $0.02 | $0.00 | Assets: | $0.30 |
| Net Income: | -$0.55 | -$0.66 | -$0.26 | Curr Assets: | |
| EPS: | -$0.32 | -$0.38 | -$0.15 | Liabilities: | $0.32 |
| Prior EPS: | -$0.10 | Curr Liabilities: | |||
| Cash Flow/Oper: | Equity: | -$0.02 | |||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company currently provides on-line electronic director assistance to personal computer users. The company's directory assistance service, PC411-Registered Trademark-, provides customers with on-line access to over 110 million U.S. and Canadian residence and business telephone numbers, addresses and AIP codes with a dial-up modem connection. Using the company's copyrighted software, PC411 FOR WINDOWS, a customer can search for business or residential listings anywhere in the U.S. or Canada without having to know the area code or city, look up addresses and ZIP codes in addition to telephone numbers, search by a telephone number to find a listed name and address, and perform multiple searches at one time. The company is currently offering a limited version of PC411 service over the Internet at the World Wide Web. The company's long term business strategy is to position itself as an Internet/Intranet information publishing and distribution company. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for the continued development and marketing of the PC411 service, to repay certain short-term indebtedness and accrued interest thereon to a related party, to pay accumulated dividends on the Preferred Stock, for general corporate purposes and for working capital. |
| # of Units: | 1,150,000 | |||
| Unit Ticker: | - | Unit Price: | $5.25 | |
| Warrant Ticker: | PCFRW | Warrant Price: | $0.25 | |
| Warrant Exercise Date: | Warrant Exercise Price: | |||
| Warrant Expiration Date: | ||||
| Warrant Detachable: | Yes | Warrant Detach Date: | ||
| Warrant Callable: | No |
| Unit Composition: 1 Common Share + 1 Warrant |
| Warrant Entitlement: 1 Common Share |