| IPO Company Profile |
| SEC Filings | Peer IPO Companies |
| ILD Telecommunications, Inc. |
| 14651 Dallas Parkway, Suite 905, Dallas, TX 75240 * (972) 503-8700 |
| The company is a rapidly growing independent facilities-based provider of prepaid phone services and telecommunications outsourcing services. |
| Manager | Tier | Phone |
| Nationsbanc Montgomery Securities, Inc. | Lead Manager | (415) 627-2100 |
| Interstate/Johnson Lane Corp | Co-manager | (404) 840-5030 |
| Raymond James & Associates, Inc. | Co-manager | (813) 573-8108 |
| NASNTL: | ILDT | Service: | SIC 4899 | |
| Type of Shares: | Common Shares | Filing Date: | 5/1/98 | |
| U.S. Shares Filed: | 0 | Filing Price: | - | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $60,000,000 | |
| Primary Shares: | 0 | Expenses: | - | |
| Secondary Shares: | 0 | Post-IPO Shares: | ||
| Employees: | 320 |
| Issuer's Law Firm: | Alston & Bird |
| Bank's Law Firm: | Paul, Hastings, Janofsky & Walker |
| 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 Audited Income | Balance Sheet | ||
| 9/30/97 | 12/31/97 | 12/31/96 | 12/31/97 | ||
| Revenue: | $30.35 | $23.78 | $7.10 | Assets: | $55.56 |
| Net Income: | $0.40 | -$0.09 | $0.08 | Curr Assets: | $17.59 |
| EPS: | Liabilities: | $35.95 | |||
| Prior EPS: | Curr Liab: | $22.57 | |||
| Cash Flow/Oper: | -$1.37 | $0.45 | Equity: | $19.61 | |
| Cash Flow/Fin: | $4.45 | Cash: | $0.07 | ||
| Cash Flow/Inv: | -$3.37 | $0.00 | Working Cap: | -$4.98 | |
| Competition |
| The telecommunications services industry is highly competitive, rapidly evolving and subject to constant technological change. In particular, there are numerous companies selling prepaid calling cards and prepaid local services, and the Company expects competition to increase in the future. Other providers currently offer one or more of the services offered by the Company, and many telecommunications companies operate generally in the same long distance service, prepaid calls, or operator services markets as the Company. As a service provider in the long distance telecommunications industry, the Company competes with three dominant providers, AT&T; Corp. ("AT&T;"), MCI Communications Corporation ("MCI") and Sprint Corporation ("Sprint"), all of which are substantially larger and have longer operating histories, greater name recognition, larger customer bases, more established relationships with federal and state regulatory authorities, and substantially greater financial, personnel, marketing, engineering, technical and other resources than the Company. Other companies are entering the prepaid local business and are expanding their service offerings to appeal to existing or potential customers of the Company. Also, Billing Information Concepts Corp. ("BIC"), which was recently spun off from U.S. Long Distance Corp. ("U.S. LD"), and OAN Services, Inc. ("OAN") are the leading independent service providers for billing and collections services, and each has substantially greater resources and billing product offerings than the Company. Since 1994, the domestic operator services industry has also experienced greater competition from the increasing number of dial around programs being offered by telecommunications companies, such as 1-800-"CALL-ATT" and 1-800-"COLLECT." Alternative dialing plans such as carrier proprietary calling cards and prepaid cards are expected to continue to erode the number of the Company's operator assisted calls generated per phone. |
| Business Plan |
| ILD's objective is to be one of the leading providers of enhanced telecommunications services. Key elements of the Company's strategy include: (I) Become a Leading Independent Provider of Prepaid Services, (ii) Leverage Its Strong Market Position As a Full Service Provider of Outsourcing Services, (iii) Utilize Network Facilities to be a Low Cost Provider and (iv) Capitalize on Synergies Between Prepaid Services and Outsourcing Services. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay certain indebtedness of the company, to redeem all of the shares of the company's Series B Convertible Preferred Stock and for general corporate purposes, including the financing of certain capital improvements, possible purchases of network equipment, and possible acquisitions. |