| IPO Company Profile © ipodata.com |
| Message Board | Quote | Chart | News | SEC Filings | Peer IPO Companies |
| Diversified Security Solutions, Inc. |
| 280 Midland Avenue, Saddle Brook, NJ 07662 * (201) 794-6500 |
| Business Description | The company is a systems integrator and manufacturer of security and communication devices. |
| Offering Information Company has | |||
| Trading As | DVS (AMEX) | Industry | Manufacturing |
| Type of Stock Offered | Common Shares | Filing Date | 1/12/2000 |
| Domestic Shares Offered | 1,500,000 | Offer Date | 11/16/2001 |
| Foreign Shares Offered | 0 | Filing Range | $5.20 - $7.50 |
| Company Shares | 1,500,000 | Offer Price | $7.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $0.700 |
| Gross Proceeds | $10,500,000 | Selling | $0.350 |
| Expenses | - - | Reallowance | - - |
| Post-IPO Shares | - - | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| GunnAllen Financial, Inc. | Lead Manager |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 9 Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/1996 | 12/31/1997 | 12/31/1998 | 9/30/1998 | 9/30/1999 | ||
| Revenues | - | - | 4.908 | 4.011 | 6.783 | 4.913 | 5.253 |
| Income from Oper. | - | - | - | - | - | - | - |
| Net Income | - | - | 0.031 | 0.000 | 0.105 | 0.090 | 0.110 |
| E.P.S | - | - | - | - | - | - | - |
| Revenue Growth (%) | - | - | -18.27 | 69.099 | 6.93 | ||
| Net Income Growth (%) | - | - | - | - | 22.69 | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | 0.63 | - | 1.55 | 2.09 | 1.82 |
| Cash Flow - Oper. | -0.01 | -0.48 | -0.43 | ||||
| Cash Flow - Inv. | -0.20 | -0.12 | -0.09 | ||||
| Cash Flow - Fin. | 0.22 | 0.51 | 0.59 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 9/30/1999 | Financial Ratios | ||||
| Total Assets | 3.41 | Current Assets | 2.79 | Current Ratio | 2.28 |
| Total Liab. | 2.59 | Current Liab. | 1.22 | Debt Ratio | 75.93% |
| Total Equity | 0.82 | Working Cap. | 1.57 | Debt to Equity Ratio | 3.16 |
| Cash | 0.27 | Return on Assets | 3.22% | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to market systems integration, new products and technologies, expand our dealer and value-added reseller network, open sales and services offices in targeted regions, make acquisitions of other systems integrators and related businesses, hire upper/middle-level management and marketing personnel, increase research and development on proprietary products for identifiable markets, for working capital and for general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Casone & Cole |
| Bank's Law Firm | Sichenzia, Ross & Friedman LLP |
| Registrar/Transfer Agent | Jersey Transfer & Trust Co. |
| Auditor | Demetrius & Company, LLC |
| Send us feedback if you would like to request that we hyperlink a firm on this page | |
| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| James E. Henry | 47.50 | |
| Irvin F. Witcosky | 47.50 | |
| Note: represents ownership of 5% or more prior to the offering. | ||