Went public 2/4/2000 at $12 apiece
Filing Range: 3 mil. shares @ $10 to $12
Shares Outstanding: 11.86 mil. shares
A.G. Edwards & Sons/W.R. Hambrecht
(Data except per-share in $ thousands)
Y/E 3 MOS 3 MOS
7/99 10/98 10/99
Total Revenue $53,650 $8,478 $14,343
Net Income 4,315 340 335
Net Loss Per Share .55 .09 .04
eOn Communications develops next-generation Linux communications servers and software which integrate and manage voice, e-mail and Internet communications for customer contact centers. The company also offers traditional voice routing and control system for small and medium-sized installations. In addition to extensive voice communications and call center capabilities, its Linux communications servers integrate Internet communications such as e-mail, chat sessions and voice calls using Internet Protocol. The communications servers also integrate with PC applications and databases to deliver immediate, personalized customer information to customer service agents.
Proceeds are estimated to be approximately $22.4 million. The company currently intends to use the net proceeds from this offering: to repay a $2.3 million long-term subordinated note that matures in July 2002 and to repay $4.2 million of senior debt under two credit facilities, one of which matures in July 2001, and the other of which matures in August 200 and for working capital and general corporate purposes. The may also use some of the proceeds to acquire other companies, technologies or products that complement our business.
Cortelco Systems Holding Corp. sold 125,000 shares. CMC Industries Inc. sold 575,000 shares. Other selling shareholders collectively sold 110,000 shares.
ChinaVest, Cortelco Systems Holding Corp., CMC Industries Inc.
Jenny Theleen, ChinaVest July 1997