| Notify Corporation | |||
| Ticker: | NTFY | 1054 S. De Anza Boulevard, Suite 105 | |
| Exchange: | NASDAQ-Small Cap Market | San Jose, CA 95129 | |
| Industry: | Manufacturing (SIC Code 3661) | (408) 777-7920 | |
| Type of Shares: | Common Shares | Filing Date: | 3/14/97 | |
| U.S. Shares: | 1,600,000 | Offer Date: | 8/28/97 | |
| Non-U.S. Shares: | 0 | Filing Price: | $5.00 | |
| Primary Shares: | 1,600,000 | Offer Price: | $5.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.50 | |
| Offering Amount: | $8,000,000 | Selling: | $0.28 | |
| Expenses: | - | Reallowance: | $0.10 | |
| Shares Out After: | 3,560,000 |
| Manager | Tier | Phone |
| D.H. Blair & Co Inc. | Lead Manager | (212) 495-4306 |
| Issuer's Law Firm: | Wilson, Sonsini, Goodrich & Rosati |
| Bank's Law Firm: | Bachner, Tally, Polevoy & Misher |
| Auditor: | Ernst & Young |
| Registrar/Transfer Agent: | American Stock Transfer & Trust Co |
Dollar amounts in U.S. millions except for per share data | |||||
| 3 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 9/30/96 | 12/31/96 | 12/31/95 | 12/31/96 | ||
| Revenue: | $0.31 | $0.40 | $4.90 | Assets: | $1.34 |
| Net Income: | -$1.66 | -$0.42 | $0.34 | Curr Assets: | |
| EPS: | -$1.89 | -$0.47 | Liabilities: | $1.95 | |
| Prior EPS: | -$0.33 | -$0.33 | Curr Liabilities: | ||
| Cash Flow/Oper: | -$2.03 | Equity: | -$0.60 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is engaged in the development, manufacture, marketing and sale of computer telephony products for the business, Small Office Home Office and residential marketplaces. In recent years, the number of individuals and businesses relying on their telephone company service provider to provide them with services such as voice mail and CENTREX, a business-oriented service which eliminates the need for on-premise telephone switching equipment, has increased dramatically. The company's products are designed to enhance the convenience and utility of these services by providing customers with features which are either not available or not included in standard service packages. The company's MessageAlert product increases the timeliness and ease of message retrieval for voice mail subscribers by providing a visual indication that a message has been received. The company's Centrex Auto Attendant product gives business and SOHO customers a cost-effective means of ensuring that incoming calls are properly routed even when a human attendant is not available. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for product development, sales and marketing efforts, repayment of the Bridge Notes and other indebtedness, additional inventory, investment in fixed assets and working capital and general corporate purposes. |
| # of Units: | 1,600,000 | |||
| Unit Ticker: | NYFYU | Unit Price: | $5.00 | |
| Warrant Ticker: | NTFYW | Warrant Price: | ||
| Warrant Exercise Date: | Warrant Exercise Price: | |||
| Warrant Expiration Date: | ||||
| Warrant Detachable: | Yes | Warrant Detach Date: | ||
| Warrant Callable: | No |
| Unit Composition: 1 Common Share + 1 Class A Warrant |
| Warrant Entitlement: 1 Common Share |