Australian multimedia devopment company, Beam International Limited, has today released its prospectus for an initial public offering on the Australian Stock Exchange in three versions: traditional printer paper prospectus, CD-ROM version and on-line Internet World Wide Web version.
This  is the first time that an Australian company has released a prospectus on the Internet World Wide Web in HTML format (the standard format for documents on the World Wide Web). The prospectus can be found at http://www.beam.com.au/prospectus.html.
The $3 million float values Beam International Limited at $20 million, with 6 million shares being offered at 50c each.
Beam International Limited is the holding company for hte Beam Group, the leading Australian developer of multimedia software products in the entertainment and 'edutainment' markets internationally.
The Group has been actively involed in the world multimedia market since 1980. It has reported revenues of $5.2 million for the financial year, 90 per cent of which was derived from export earnings. The forecast contained in the prospectus dated 13 August 1996 projects revenue growth to $12 million in the 1997 financial year.
The company is the developer of best-selling multimedia games, and has distribution and licensing contracts with leading publishers internationally, such as Microsoft Corp., Sega of America, and Electronic Arts, Inc.
"This is an exciting first for an Australian company, allowing any computer user with a modem connection to the Internet to easily access our prospectus. Users can read all the prospectus information and then print out the application form," said Mr Alfred Milgrom, Beam's Chairman.
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"Our Web site, at http://www.beam.com.au, also contains additional information about the company, such as a list of the titles it has published, graphics from our games and information about our key staff."
As part of its core business, Beam has developed a number of proprietary technologies which provide competitive advantages, including Beam's Cinema Technology (VideoBeamTM). VideoBeam allows TV-quality video footage to be displayed on an ordinary computer in full-screen format without the need for any additional hardware.
"Being able to distribute material on CD-ROM or the Internet is a unique opportunity for a company such as ours, as we can then present our interactive features and technologies. The CD-ROM, for example, has a superb demonstration of VideoBeam," said Mr Milgrom.
The CD-ROM also contains interactive examples of Beam products, such as International Cricket, The Dame Was Loaded and Michio Teaches Japanese. The CD-ROM is suitable for PC computers under the DOS, Windows 3.1 or Windows 95 operating systems.
The Beam Group currently employs 70 full-time professional. The Group is currently wholly-owned by directors, who will remain shareholders on completion of the offer.
The prospectus dated 13 August 1996 was lodged with the Australian Securities Commission on 2 August 1996.
Paper and CD-ROM copies of the prospectus are available from the company, EPIC Securities, Johnson Taylor, Austock, Peake Lands Kirwan, Shaws and ANZ Securities. The on-line version can be accessed through the World Wide Web at:
http://www.beam.com.au/prospectus.html
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