| NxTrend Technology, Inc. | |||
| Proposed Ticker: | NXTT | 5225 North Academy Boulevard | |
| Exchange: | NASDAQ-National Market | Colorado Springs, CO 80918 | |
| Industry: | High-Tech (SIC Code 7372) | (719) 590-8940 | |
| Type of Shares: | Common Shares | Filing Date: | 3/14/97 | |
| U.S. Shares Filed: | 4,300,000 | Filing Range: | $12.00 - $14.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $55,900,000 | |
| Primary Shares: | 4,300,000 | Expenses: | $550,000 | |
| Secondary Shares: | 0 | Shares Out After: | 13,370,331 |
| Manager | Tier | Phone |
| Montgomery Securities | Lead Manager | (415) 627-2100 |
| Dain Bosworth Incorporated | Co-manager | (612) 371-2818 |
| J.P. Morgan Securities Inc. | Co-manager | (212) 648-0517 |
| Issuer's Law Firm: | Cooley Godward Castro Huddleson & Tatum |
| Bank's Law Firm: | Wilson, Sonsini, Goodrich & Rosati |
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: | $39.62 | Assets: | $16.60 | ||
| Net Income: | $3.13 | Curr Assets: | |||
| EPS: | $0.32 | Liabilities: | $2.05 | ||
| Prior EPS: | Curr Liabilities: | ||||
| Cash Flow/Oper: | Equity: | $14.55 | |||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is a leading provider of enterprise-wide software solutions that address the critical business information requirements of durable goods wholesale distributors. The company offers wholesale distributors a single source solution for information systems that are designed to enable the distributor to increase profitability, enhance customer service and implements "best business practices" in such critical areas as inventory management, order processing, sales, customer service, warehouse logistics and strategic business analysis. The company seeks to serve as its customers' technology partner, helping them respond to and anticipate the changing demands of the wholesale distribution industry by designing, implementing and continuously improving their business information systems. The company's primary software products are open systems based on the UNIX platform, and the company's newest generation of products utilize a Windows NT-based client/server architecture with Internet and intranet capabilities. Over the course of its 17 year history of profitable operations, the company has established itself as the leading provider of business information systems within its target market segments of the distribution industry and as of February 28, 1997 had an installed base of over 1,000 customers. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for payments in connection with the redemption of preferred stock, repayment of indebtedness, working capital and other general corporate purposes. |