| Pegasus Systems, Inc. | |||
| Ticker: | PEGS | 3811 Turtle Creek Boulevard, Suite 1100 | |
| Exchange: | NASDAQ-National Market | Dallas, TX 75219 | |
| Industry: | Service (SIC Code 7389) | (214) 528-5656 | |
| Type of Shares: | Common Shares | Filing Date: | 6/5/97 | |
| U.S. Shares: | 3,573,000 | Offer Date: | 8/6/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $10.00 - $12.00 | |
| Primary Shares: | 3,000,000 | Offer Price: | $13.00 | |
| Secondary Shares: | 573,000 | Gross Spread: | $0.91 | |
| Offering Amount: | $39,303,000 | Selling: | $0.53 | |
| Expenses: | $750,000 | Reallowance: | $0.10 | |
| Shares Out After: | 9,429,712 |
| Manager | Tier | Phone |
| Hambrecht & Quist Incorporated | Lead Manager | (415) 439-3626 |
| Montgomery Securities | Co-manager | (415) 627-2100 |
| Volpe, Welty & Company | Co-manager | (415) 274-4463 |
| Issuer's Law Firm: | Locke, Purnell, Rain & Harrell |
| Bank's Law Firm: | Cooley Godward Castro Huddleson & Tatum |
| Auditor: | Price Waterhouse |
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: | $15.87 | $4.38 | $3.80 | Assets: | $13.60 |
| Net Income: | -$3.48 | -$0.39 | -$0.97 | Curr Assets: | |
| EPS: | -$0.48 | -$0.05 | Liabilities: | $12.00 | |
| Prior EPS: | Curr Liabilities: | ||||
| Cash Flow/Oper: | $0.41 | Equity: | $1.60 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is a leading provider of transaction processing services to the hotel industry worldwide. The company's THISCO(TM) and TravelWeb(R) hotel room reservation services to improve the efficiency and effectiveness of the reservation process by enabling travel agents and individual travelers to electronically access hotel room inventory information and conduct reservation transactions. The com0pany's HCC service, the global leader in hotel commission payment processing, improve efficiency and effectiveness of the commission payment process for participating hotels and travel agencies by consolidating payments and providing comprehensive transaction reports. The company's electronic interface business for hotel room reservations was established in 1988 by 16 leading hotel and travel-related companies address the need for a neutral, reliable third-party source of hotel reservation information and transaction processing services. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay indebtedness payable to certain stockholders of the company and for working capital and other general corporate purposes. |