| Robocom Systems, Inc. | |||
| Ticker: | RIMS | 511 Ocean Avenue | |
| Exchange: | NASDAQ-National Market | Massapequa, NY 11758 | |
| Industry: | High-Tech (SIC Code 7373) | (516) 795-5100 | |
| Type of Shares: | Common Shares | Filing Date: | 5/22/97 | |
| U.S. Shares: | 1,500,000 | Offer Date: | 6/26/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $6.00 - $7.00 | |
| Primary Shares: | 1,500,000 | Offer Price: | $6.50 | |
| Secondary Shares: | 0 | Gross Spread: | $0.52 | |
| Offering Amount: | $9,750,000 | Selling: | $0.31 | |
| Expenses: | $500,000 | Reallowance: | $0.10 | |
| Shares Out After: | 3,467,984 |
| Manager | Tier | Phone |
| Bluestone Capital Partners, L.P. | Lead Manager | (212) 850-9428 |
| Coleman and Company Securities, Inc. | Co-manager | (212) 506-0570 |
| Oscar Gruss & Company | Co-manager | (212) 952-1220 |
| Issuer's Law Firm: | Pryor, Cashman, Sherman & Flynn |
| Bank's Law Firm: | Tenzer, Greenblatt, Fallon & Kaplan |
| Auditor: | Ernst & Young |
| Registrar/Transfer Agent: | Continental Stock Transfer & Trust Co |
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 | ||
| 5/31/96 | 2/28/97 | 2/29/96 | 2/28/97 | ||
| Revenue: | $6.96 | $5.09 | $4.68 | Assets: | $5.42 |
| Net Income: | $0.65 | $0.56 | $0.08 | Curr Assets: | |
| EPS: | $0.28 | $0.24 | $0.03 | Liabilities: | $1.27 |
| Prior EPS: | $0.19 | $0.85 | $0.73 | Curr Liabilities: | |
| Cash Flow/Oper: | $1.28 | Equity: | $4.15 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company develops, markets and supports advanced warehouse management software solutions that enable companies to realize significant cost savings by automating their warehouse operations. The company's primary product, Robocom Inventory Management System (RIMS), is a customer-configurable software solution that enables a company's warehouse to respond to a customer order with greater accuracy and in a more timely manner, thereby turning the warehouse into a competitive advantage. RIMS operates in an open system environment and interfaces with an organization's existing information systems infrastructure. In addition to providing RIMS software licenses, the company provides installation, design and maintenance services and related hardware when required by the customer. The company believes that customers that have implemented the RIMS solution have realized increased customer satisfaction directly related to timely and accurate receipt of shipments. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for software development costs, to establish and equip domestic and international sales offices, for payment of the Final S Corporation Distribution, for repayment of bank indebtedness, and for working capital and other general corporate purposes. |