| NetSpeak Corporation | |||
| (www.netspeak.com) | |||
| Ticker: | NSPK | 902 Clint Moore Road, Suite 104 | |
| Exchange: | NASDAQ-Small Cap Market | Boca Raton, FL 33487 | |
| Industry: | High-Tech (SIC Code 7373) | (561) 997-4001 | |
| Type of Shares: | Common Shares | Filing Date: | 2/20/97 | |
| U.S. Shares: | 2,400,000 | Offer Date: | 5/29/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $7.50 - $9.50 | |
| Primary Shares: | 2,400,000 | Offer Price: | $8.75 | |
| Secondary Shares: | 0 | Gross Spread: | $0.61 | |
| Offering Amount: | $20,400,000 | Selling: | $0.36 | |
| Expenses: | $750,000 | Reallowance: | $0.10 | |
| Shares Out After: | 9,698,532 |
| Manager | Tier | Phone |
| Josephthal Lyon & Ross, Inc. | Lead Manager | (212) 907-4545 |
| Issuer's Law Firm: | Broad and Cassel |
| Bank's Law Firm: | Orrick, Herrington & Sutcliffe |
| Auditor: | Deloitte & Touche |
| 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: | $0.87 | Assets: | $8.28 | ||
| Net Income: | -$2.87 | Curr Assets: | |||
| EPS: | -$0.35 | Liabilities: | $2.60 | ||
| Prior EPS: | Curr Liabilities: | ||||
| Cash Flow/Oper: | -$1.03 | Equity: | $5.68 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company develops markets, licenses, and supports a suite of intelligent software modules which enable real-time, concurrent interactive voice, video and data transmission over packetized data networks such as Internet and local & wide area networks. The company believes that its technology is strategically positioned to capitalize on the rudimentary shift in corporate telecommunications philosophy as businesses seek to expand the functionality of their communication systems as well as optimize their use of packetized data networks, thereby eventually eliminating the redundancy inherent in maintaining a traditional voice network simultaneously with a packetized data network. Netspeak is currently marketing a user-friendly core communications technology which enables, in a cost-effective manner, corporations and other users to enhance the role of their packetized data networks to support concurrent voice, video and data transmission. Netspeak believes that as potential users become increasingly educated as to the benefits of integrating the two networks, significant revenue opportunities for the company will be generated. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for expansion of sales and marketing efforts, additional research and development expenditures, capital expenditures and working capital and other general corporate purposes. |