| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies |
| Muse Technologies, Inc. |
| 1601 Randolph, SE Suite 210, Albuquerque, NM 87106 * (505) 843-6873 |
| The company has developed and commenced marketing several software products designed to enhance the user's ability to understand and analyze data and information and to provide solutions to complex data integration and data management problems. |
| Manager | Tier | Phone |
| H.D. Brous & Co., Inc. | Lead Manager | (800) 382-7170 |
| NASSCM: | MUZE | High-Tech: | SIC 7373 | |
| Type of Shares: | Common Shares | Filing Date: | 8/28/98 | |
| U.S. Shares: | 1,200,000 | Offer Date: | 11/16/98 | |
| Non-U.S. Shares: | 0 | Filing Price: | $8.00 | |
| Primary Shares: | 1,200,000 | Offer Price: | $8.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.80 | |
| Offering Amount: | $9,600,000 | Selling: | $0.40 | |
| Expenses: | $655,000 | Reallowance: | ||
| Post-IPO Shares: | 9,963,893 | |||
| Employees: | 20 |
| Issuer's Law Firm: | Proskauer Rose Goetz & Mendelsohn |
| Bank's Law Firm: | Esanu Katsky Korins & Siger |
| Registrar/Transfer Agent: | American Stock Transfer & Trust Co |
| Auditor: | Feldman Sherb Ehrlich & Co., P.C. |
Dollar amounts in U.S. millions except for per share data | |||||
| 9 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 9/30/97 | 6/30/98 | 6/30/97 | 6/30/98 | ||
| Revenue: | $0.76 | $1.76 | $0.55 | Assets: | $1.71 |
| Net Income: | -$1.26 | -$2.12 | -$1.26 | Curr Assets: | $0.53 |
| EPS: | -$0.28 | -$0.29 | -$0.18 | Liabilities: | $0.94 |
| Prior EPS: | -$0.18 | -$0.48 | -$0.84 | Curr Liab: | $1.41 |
| Cash Flow/Oper: | -$1.32 | $1.14 | $1.84 | Equity: | $0.77 |
| Cash Flow/Fin: | $1.84 | -$0.03 | -$0.22 | Cash: | $0.92 |
| Cash Flow/Inv: | -$0.27 | Working Cap: | -$0.88 | ||
| Competition |
| There are many companies, both public and private, engaged in developing and marketing software products which compete or have applications which compete with the Company's software products. At the present time, Division Group PLC ("Division"), Paradigm Systems, Inc. ("Paradigm"), Advanced Visual Systems, Inc., Gemini Technology Corp., Autodesk, Inc. ("Autodesk") and SGI International ("SGI"), among others, market such products. The Company believes that the principal factors affecting its ability to compete include such factors as the functionality and architecture of MuSE, the performance of specific applications of products using MuSE, the price of MuSE and the perceived ability of the Company and/or a strategic partner to support and service MuSE after installation. Most of the companies with which the Company competes or is expected to compete have substantially greater financial resources, research and development capabilities, sales and marketing staffs and distribution channels than the Company. There can be no assurance that products and services based on MuSE will achieve sufficient quality, functionality or cost-effectiveness to compete with existing or future alternatives. Additionally, other major software companies may be able to develop competing products and, if MuSE gains market acceptance, other more established companies may enter the Company's markets. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay indebtedness and for marketing activities, product development activities, working capital and for general corporate purposes. |
| Additional Underwriter Compensation |
| Warrant to purchase 120,000 shares/units at a nominal price. |
| Exercise price of $9.60 for 4 year(s), 1 year(s) from 11/16/98. |
| # of Units: | 1,200,000 | |||
| Unit Ticker: | - | Unit Price: | $8.00 | |
| Warrant Ticker: | MUZEW | Warrant Price: | ||
| Warrant Exercise Date: | Warrant Exercise Price: | $9.60 | ||
| Warrant Expiration Date: | ||||
| Warrant Detachable: | Yes | Warrant Detach Date: | ||
| Warrant Callable: | No |
| Unit Composition: 1 Common Share +.5 Warrant |
| Warrant Entitlement: .5 Common Share |