| IPO Company Profile |
| SEC Filings | Peer IPO Companies |
| All-Tech Investment Group, Inc. |
| 160 Summit Avenue, Montvale, NJ 07645 * (201) 782-0200 |
| The company provides its customers with real-time computerized access to comprehensive price information for over-the-counter securities traded on Nasdaq Stock Market and securities traded on various national and regional exchanges. |
| Manager | Tier | Phone |
| Security Capital Trading Corp. | Lead Manager |
| AMEX: | ATN | High-Tech: | SIC 7372 | |
| Type of Shares: | Common Shares | Filing Date: | 5/22/98 | |
| U.S. Shares Filed: | 3,900,000 | Filing Price: | $8.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $31,200,000 | |
| Primary Shares: | 3,510,000 | Expenses: | $1,054,088 | |
| Secondary Shares: | 390,000 | Post-IPO Shares: | 21,093,750 | |
| Employees: | 114 |
| Issuer's Law Firm: | Sichenzia, Ross & Friedman LLP |
| Bank's Law Firm: | Orrick, Herrington & Sutcliffe |
| Registrar/Transfer Agent: | Continental Stock Transfer & Trust Co |
| Auditor: | Wolinetz Gottlieb & Lafazan |
Dollar amounts in U.S. millions except for per share data | |||||
| 9 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Audited Income | Balance Sheet | ||
| 6/30/97 | 3/31/98 | 3/31/97 | 3/31/98 | ||
| Revenue: | $16.06 | $13.15 | $11.89 | Assets: | $3.18 |
| Net Income: | $0.94 | $0.28 | $1.73 | Curr Assets: | |
| EPS: | $0.06 | $0.02 | $0.11 | Liabilities: | $1.22 |
| Prior EPS: | $0.05 | Curr Liab: | |||
| Cash Flow/Oper: | -$0.38 | $0.26 | $2.18 | Equity: | $1.96 |
| Cash Flow/Fin: | -$0.47 | -$0.01 | -$0.69 | Cash: | $0.60 |
| Cash Flow/Inv: | -$0.38 | -$0.28 | |||
| Competition |
| The Company faces direct competition from a number of publicly-traded and privately-held companies. It competes directly with other firms whose customers engage in active electronic day trading, other ECN systems, large Wall Street securities firms, securities subsidiaries of major commercial bank holding companies, major regional firms and smaller niche players. This competition is based primarily on the quality of services offered and price. The Company's principal competitors in providing electronic brokerage services to day traders currently include such firms as Datek Securities Corp., Terra Nova Trading, LLC. and Block Trading Corp. The Company's ATTAIN ECN competes principally with market makers, Instinet, Datek Securities Corp.'s Island ECN, Terra Nova Trading, LLC's Archipelago ECN, Bloomberg Tradebook LLC's Tradebook System ECN, Spear, Leeds & Kellogg's REDI ECN and Brass Utility Inc.'s BRUTE ECN. The Company also competes with on-line trading systems available on the Internet, such as Charles Schwab & Co., Inc., E*Trade Capital Inc. and Accutrade Inc. In addition, the Company faces competition from data vendors, which offer investment analysis software, news quotations and other securities industry products. |
| Business Plan |
| The Company's objective is to maintain a leadership position in the electronic trading industry and to increase the range of the Company's business activities. The key elements of the Company's strategy to accomplish this objective include: (I) Enhancing awareness of the Company's identity and its ATTAIN trading system and ATTAIN ECN services , (ii) Expanding the customer base through an aggressive marketing campaign, (iii) Broadening the range of the Company's activities and (iv) Expanding internationally. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for working capital and general corporate purposes, development or acquisition of new areas of brokerage business, marketing and proprietary trading. |
| Additional Underwriter Compensation |
| Warrant to purchase 625,000 shares/units at a nominal price. |
| # of Units: | 6,250,000 | |||
| Unit Ticker: | - | Unit Price: | $8.00 | |
| Warrant Ticker: | ATNW | Warrant Price: | ||
| Warrant Exercise Date: | Warrant Exercise Price: | |||
| Warrant Expiration Date: | ||||
| Warrant Detachable: | Yes | Warrant Detach Date: | ||
| Warrant Callable: | No |
| Unit Composition: 2 Common Shares + 1 Warrant |
| Warrant Entitlement: 1 Common Share |