| Jaymark, Inc. | |||
| Proposed Ticker: | JMRK | 9775 Towne Centre Drive | |
| Exchange: | NASDAQ-National Market | San Diego, CA 92121 | |
| Industry: | Service (SIC Code 8748) | (619) 535-3100 | |
| Type of Shares: | Class A Common Shares | Filing Date: | 3/7/97 | |
| U.S. Shares Filed: | 1,300,000 | Filing Range: | $12.00 - $14.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $16,900,000 | |
| Primary Shares: | 1,300,000 | Expenses: | $950,000 | |
| Secondary Shares: | 0 | Shares Out After: | 1,648,309 |
| Manager | Tier | Phone |
| Brean, Murray, Foster & Company | Lead Manager | (212) 702-6520 |
| Issuer's Law Firm: | Gray Cary Ware & Freidenrich |
| Bank's Law Firm: | Stroock & Stroock & Lavan |
| Auditor: | Price Waterhouse |
| Registrar/Transfer Agent: | U. S. Stock Transfer Corporation |
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 | ||
| 1/31/96 | 10/31/96 | 10/31/95 | 10/31/96 | ||
| Revenue: | $52.93 | $41.45 | $38.73 | Assets: | $32.72 |
| Net Income: | $0.34 | $0.44 | $0.16 | Curr Assets: | |
| EPS: | $0.16 | $0.21 | $0.08 | Liabilities: | $26.68 |
| Prior EPS: | $0.15 | $3.63 | $0.04 | Curr Liabilities: | |
| Cash Flow/Oper: | $0.51 | Equity: | $6.04 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company provides advanced technology products and services to the Department of Defense and other government agencies, and commercializes selected government funded technologies following a discipline evaluation of market size and profitability. The company's first products developed under this commercialization strategy are high-speed digital communication adapters, which have been sold in production quantities since December 1996. These products, marketed under the FibreStar brand, are designed to the ANSI Fibre Channel standard. The Fibre Channel standard has become well supported in the industry because of its high performance, which includes 1) the highest commercially available speed (2125 megabits per second in full duplex), 2) scalability (up to 126 nodes on a single loop), 3) simplicity of installation and maintenance, 4) multiprotocol transport; 5) long connection distance (up to six miles), and 6) high reliability of data reception and absence of congestion with multiple users. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for general corporate purposes including product development, working capital and potential acquisitions, for repayment of indebtedness outstanding under the company's bank line of credit, and to finance the company's repurchase of 120,000 common shares. |