| A Consulting Team, Inc., The | |||
| (www.tact.com) | |||
| Ticker: | TACX | 200 Park Avenue South | |
| Exchange: | NASDAQ-National Market | New York, NY 10003 | |
| Industry: | High-Tech (SIC Code 7379) | (212) 979-8228 | |
| Type of Shares: | Common Shares | Filing Date: | 6/13/97 | |
| U.S. Shares: | 1,800,000 | Offer Date: | 8/7/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $10.00 - $12.00 | |
| Primary Shares: | 1,800,000 | Offer Price: | $12.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.84 | |
| Offering Amount: | $19,800,000 | Selling: | $0.48 | |
| Expenses: | $500,000 | Reallowance: | $0.10 | |
| Shares Out After: | 5,350,000 |
| Manager | Tier | Phone |
| Robinson-Humphrey Company, Inc., The | Lead Manager | (404) 266-6450 |
| Wheat First Butcher & Singer Capital Markets | Co-manager | (804) 782-3278 |
| Issuer's Law Firm: | Orrick, Herrington & Sutcliffe |
| Bank's Law Firm: | Alston & Bird |
| Auditor: | Ernst & Young |
| Registrar/Transfer Agent: | Continental 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 | ||
| 12/31/96 | 3/31/97 | 3/31/96 | 3/31/97 | ||
| Revenue: | $21.00 | $7.06 | $4.03 | Assets: | $6.72 |
| Net Income: | $0.69 | $0.37 | $0.21 | Curr Assets: | |
| EPS: | $0.19 | $0.10 | $0.06 | Liabilities: | $5.27 |
| Prior EPS: | $0.20 | -$0.75 | -$0.06 | Curr Liabilities: | |
| Cash Flow/Oper: | -$1.03 | Equity: | $1.45 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company provides enterprise-wide information technolgy consulting, software and training services and solutions primarily to Fortune 1000 companies in a wide range of industries. The company generally serves as an outside resource to a client's internal IT staff, providing a broad range of consulting services including strategic IT consulting, IT solutions and IT professional services to improve the client's productive, competitive position and performance. Strategic IT consulting includes technology infrastructure advisory services and systems architecture design. IT solutions include planning, designing and implementing enterprise-wide information systems such as workgroup solutions; client/server; internet/intranet and EDI; database management services; application design, development implementation; networking; imaging and workflow; and systems integration. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for payment of the Distribution; repayment of bank debt; opening of additional Solution Branches; expansion of Technical Practices and other services; and working capital and general corporate purposes. |