| International Computex, Inc. | |||
| (www.computex.com) | |||
| Ticker: | ICIQ | 5500 Interstate north Parkway, Suite 307 | |
| Exchange: | NASDAQ-National Market | Atlanta, GA 30328 | |
| Industry: | High-Tech (SIC Code 7372) | (770) 953-1464 | |
| Type of Shares: | Common Shares | Filing Date: | 2/12/97 | |
| U.S. Shares: | 1,125,000 | Offer Date: | 4/29/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $8.00 - $10.00 | |
| Primary Shares: | 1,125,000 | Offer Price: | $9.50 | |
| Secondary Shares: | 0 | Gross Spread: | $0.86 | |
| Offering Amount: | $10,125,000 | Selling: | $0.43 | |
| Expenses: | $450,000 | Reallowance: | $0.10 | |
| Shares Out After: | 3,250,000 |
| Manager | Tier | Phone |
| H.J. Meyers & Company, Incorporated | Lead Manager | (212) 298-8942 |
| Issuer's Law Firm: | Harter, Secrest & Emery |
| Bank's Law Firm: | Harter, Secrest & Emery |
| Auditor: | Habif Arogeti & Wynne P.C. |
| 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: | $3.89 | Assets: | $0.98 | ||
| Net Income: | $1.13 | Curr Assets: | |||
| EPS: | $0.50 | Liabilities: | $0.03 | ||
| Prior EPS: | $0.30 | Curr Liabilities: | |||
| Cash Flow/Oper: | $1.64 | Equity: | $0.95 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is a software technology company that develops, markets and supports enterprise-wide client/server solutions and provides consulting and implementation services for the manufacturing and process industries. The company specializes in helping companies improve competitive through the application of information technology. The company is active in the areas of systems analysis and design, cross platform software development, object-oriented technology and client/server architecture. In addition to its technical expertise, the company has built strong skills in industry applications for manufacturing and product data management. PDM is a software technology which allows management and control of product-related data from product development and design to manufacturing and post-production maintenance. The company has focused its product development efforts on information classification and management. Among other applications, ICAM is one of the major components of a PDM solution. |
| Competition |
| The company faces competition from numerous providers of services related to the PDM market and services related to custom development. Large national consulting firms, such as Andersen Consulting, Keane, Inc. and Decision Consulting, Inc., as well as regional and local services providers, compete against the company both for customers and for qualified personnel. While conditions in these markets are extremely competitive, Management believes that the PDM market, as well as custom software development, are growing services markets. |
| Business Plan |
| The company's strategy is to promote and convey the message that ICI's services and ItemQuest will help manufacturing companies improve competitiveness by reducing time to market, reducing costs and improving quality. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for general corporate purposes including repayment of Senior Debentures, funding of a portion of final S Corporation distribution, infrastructure investment and equipment purchases, product development, sales and marketing and working capital. |