UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q/A
(Mark one)
[ X ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 1997
or
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
FOR THE TRANSITION PERIOD FROM __________ TO ___________
Commission file number 0-21519
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International Telecommunication Data Systems, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 06-1295986
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(State or other jurisdiction of incorporation or organization) (I.R.S. employer identification no.)
225 High Ridge Road, Stamford, CT 06905
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (203) 329-3300
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Indicate by check mark whether the registrant: (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. Yes X No
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Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date.
Class Outstanding at October 24, 1997
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Common Stock, $.01 par value 8,521,718
International Telecommunication Data Systems, Inc.
and Subsidiary
Form 10-Q/A
The undersigned registrant hereby amends Item 2 of Part II of its
Quarterly Report on Form 10-Q, filed with the Commission on November 3, 1997,
to read in its entirety as follows:
Item 2. Changes in Securities and Use of Proceeds
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This Item 2 contains information with respect to the use of proceeds from
the Company's initial public offering of Common Stock (the "Offering").
(1) The effective date of the Company's Registration Statement on
Form S-1 (File No. 333-11045) (the "Registration Statement") relating
to the Offering, for which the following use of proceeds information
is being disclosed, was October 24, 1996.
(2) The date on which the Offering commenced was October 24, 1996.
(3) Not applicable.
(4) (i) The Offering terminated after the sale of all securities
registered pursuant to the Registration Statement. The initial
closing of the Offering occurred on October 30, 1996, and the
closing of the over-allotment portion of the Offering occurred
on November 18, 1996.
(ii) The managing underwriters of the Offering were:
Lehman Brothers
Cowen & Company
(iii) The Company registered Common Stock, $.01 par value per share,
pursuant to the Registration Statement.
(iv) For the account of the Company, (a) 2,200,000 shares of
Common Stock were registered pursuant to the Registration
Statement, (b) the aggregate Offering price of the amount
registered was $35,200,000, (c) the amount sold pursuant to the
Offering was 2,200,000 shares of Common Stock and (d) the
aggregate Offering price of the amount sold was $35,200,000.
For the accounts of the Selling Stockholders in the Offering,
(a) 866,667 shares of Common Stock were registered pursuant to
the Registration Statement, (b) the aggregate Offering price of
the amount registered was $13,866,672, (c) the amount sold
pursuant to the Offering was 866,667 shares of Common Stock and
(d) the
aggregate Offering price of the amount sold was $13,866,672.
(v) In connection with the Offering, the Company made direct or
indirect payments to persons other than: directors, officers,
general partners of the Company or their associates; persons
owning ten percent or more of any class of equity securities of
the Company; or affiliates of the Company as follows:
Underwriting Discounts and Commissions $3,434,667
Other Expenses 1,056,253
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Total Expenses $4,490,920
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(vi) The net Offering proceeds to the Company after deducting the
total expenses described in (v) above were $30,709,080.
(vii) From the effective date of the Registration Statement through
September 30, 1997, the Company has used the net Offering
proceeds to the Company as follows:
Repayment of indebtedness $3,099,772
Working capital 2,109,768*
U.S. Treasury bills 24,800,065
U.S. Treasury notes 699,475
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$30,709,080
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*Estimate
All of the above-listed payments were direct or indirect payments
to persons other than: directors, officers, general partners of
the Company or their associates; persons owning ten percent or
more of any class of equity securities of the Company; or
affiliates of the Company.
(viii) Not applicable.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
International Telecommunication
Data Systems, Inc.
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(Registrant)
By /s/ Alan K. Greene
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Alan K. Greene
Vice President
(Chief Financial Officer)