| IPO Company Profile |
| SEC Filings | Peer IPO Companies |
| Communications Systems International, Inc. |
| 8 S. Nevada Avenue, Suite 200, Colorado Springs, CO 80903 * (719) 471-3332 |
| The company is a growing provider of international long distance telecommunications services principally to customers in South America, Europe, the Pacific Rim, South Africa and Central America. |
| Manager | Tier | Phone |
| Cohig & Associates Inc. | Lead Manager | (303) 694-0295 |
| NASSCM: | CSIL | Service: | SIC 4813 | |
| Type of Shares: | Common Shares | Filing Date: | 2/27/98 | |
| U.S. Shares Filed: | 1,100,000 | Filing Range: | $9.00 - $11.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $11,000,000 | |
| Primary Shares: | 1,100,000 | Expenses: | $680,000 | |
| Secondary Shares: | 0 | Post-IPO Shares: | ||
| Employees: | 21 |
| Issuer's Law Firm: | Parcel, Mauro, Hultin & Spaanstra, P.C. |
| Bank's Law Firm: | Berliner Zisser Walter & Gallegos |
| Registrar/Transfer Agent: | American Securities Transfer, Inc |
| Auditor: | Eisner, Richard A. |
Dollar amounts in U.S. millions except for per share data | |||||
| 6 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Audited Income | Balance Sheet | ||
| 4/30/97 | 10/31/97 | 10/31/97 | |||
| Revenue: | $19.73 | $11.43 | Assets: | $14.51 | |
| Net Income: | -$1.28 | -$1.90 | Curr Assets: | $8.37 | |
| EPS: | Liabilities: | $5.84 | |||
| Prior EPS: | Curr Liab: | $5.54 | |||
| Cash Flow/Oper: | Equity: | $8.67 | |||
| Cash Flow/Fin: | Cash: | $4.94 | |||
| Cash Flow/Inv: | Working Cap: | $2.83 | |||
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay the Bridge Notes, to consummate the ITC Acquisition, to further develop and expand the combined company's sales and marketing capabilities, to install equipment to facilitate transparent call reorigination services for additional hotels and large multinational businesses, to locate regional switches or other telecommunications equipment in Europe, Africa and Asia to facilitate least cost routing and for research and development and for general corporate purposes. |
| Additional Underwriter Compensation |
| Warrant to purchase 110,000 shares/units at $110.00 per share/unit. |