| Securacom, Incorporated | |||
| Ticker: | SECU | 50 Tice Boulevard | |
| Exchange: | NASDAQ-National Market | Woodcliff Lake, NJ 07675 | |
| Industry: | High-Tech (SIC Code 7373) | (201) 930-9500 | |
| Type of Shares: | Common Shares | Filing Date: | 5/2/97 | |
| U.S. Shares: | 1,920,000 | Offer Date: | 10/1/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $8.50 - $10.50 | |
| Primary Shares: | 1,400,000 | Offer Price: | $8.50 | |
| Secondary Shares: | 520,000 | Gross Spread: | $0.72 | |
| Offering Amount: | $18,240,000 | Selling: | $0.40 | |
| Expenses: | - | Reallowance: | $0.10 | |
| Shares Out After: | 5,834,140 |
| Manager | Tier | Phone |
| Cruttenden Roth Incorporated | Lead Manager | (800) 678-9147 |
| Scott & Stringfellow, Inc. | Co-manager | (804) 780-3267 |
| Issuer's Law Firm: | Dyer, Ellis, Joseph & Mills |
| Bank's Law Firm: | Gibson, Dunn & Crutcher |
| Auditor: | Grant Thornton |
| Registrar/Transfer Agent: | American Securities Transfer, Inc |
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 | ||
| 12/31/96 | 3/31/97 | 3/31/96 | 3/31/97 | ||
| Revenue: | $5.82 | $3.30 | $0.66 | Assets: | $6.12 |
| Net Income: | -$2.51 | $0.21 | -$0.36 | Curr Assets: | |
| EPS: | -$0.56 | $0.04 | -$0.08 | Liabilities: | $7.44 |
| Prior EPS: | -$0.43 | -$0.47 | -$0.37 | Curr Liabilities: | |
| Cash Flow/Oper: | -$1.61 | Equity: | -$1.33 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is a single-source provider of comprehensive technology-based security solutions for medium and large commercial and government facilities in the United States and abroad. The company offers a broad range of services, consisting of: 1) consulting and planning; 2) engineering and design; 3) systems integration; and 4) maintenance and technical support. The company is not aware of any other company providing this comprehensive range of services on a national basis. The company believes that the multi-billion dollar market for technology-based security solutions is growing rapidly. The security industry is highly fragmented and consists of a broad array of equipment manufacturers and distributors, consultants and engineers and systems integrators, each of which provides only a portion of the services required to deliver an integrated security solution. As a result, clients are frequently required to coordinate the planning, design and implementation of a project through multiple service providers and vendors. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay certain indebtedness, to expand and upgrade the company's management information systems, to further develop and document the company's command center integration software and for working capital and general corporate purposes. |