| Paysys International, Inc. | |||
| Proposed Ticker: | PAYS | 900 Winderley Place, The Spectrum Building, Suite 200 | |
| Exchange: | NASDAQ-National Market | Maitland, FL 32751 | |
| Industry: | High-Tech (SIC Code 7371) | (407) 660-0343 | |
| # of Employees: | 345 | ||
| Type of Shares: | Common Shares | Filing Date: | 10/8/97 | |
| U.S. Shares Filed: | 3,333,333 | Filing Range: | $11.00 - $13.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $39,999,996 | |
| Primary Shares: | 2,083,333 | Expenses: | $825,000 | |
| Secondary Shares: | 1,250,000 | Shares Out After: | 9,213,408 |
| Manager | Tier | Phone |
| Nationsbanc Montgomery Securities, Inc. | Lead Manager | (415) 627-2100 |
| Raymond James & Associates, Inc. | Co-manager | (813) 573-8108 |
| Issuer's Law Firm: | Kilpatrick Stockton LLP |
| Bank's Law Firm: | Alston & Bird |
| Auditor: | Ernst & Young |
| Registrar/Transfer Agent: | American Stock Transfer & Trust Co |
Dollar amounts in U.S. millions except for per share data | |||||
| 6 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/96 | 6/30/97 | 6/30/96 | 6/30/97 | ||
| Revenue: | $26.92 | $13.67 | $11.76 | Assets: | $15.40 |
| Net Income: | $0.14 | -$4.62 | $0.23 | Curr Assets: | $10.82 |
| EPS: | $0.02 | -$0.61 | $0.03 | Liabilities: | $19.85 |
| Prior EPS: | -$0.07 | $1.16 | $2.44 | Curr Liabilities: | $18.56 |
| Cash Flow/Oper: | $3.46 | -$0.23 | -$0.23 | Equity: | -$4.45 |
| Cash Flow/Fin: | -$0.86 | -$1.09 | -$1.02 | Cash: | $1.86 |
| Cash Flow/Inv: | -$1.80 | -$1.09 | Working Cap: | -$7.74 | |
| Business Description |
| The company is the world's leading supplier of software that performs mission-critical credit card transaction processing functions. The company's software product, VisionPLUS, is a customizable software system for processing credit card transactions. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for settlement of royalty obligations, repayment of indebtedness, general corporate purposes including capital expenditures and working capital and potential acquisitions. |