-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, RlqFmccRH9SWM0W7akbv1MTq1794tktkjvfeW3BI7TQMoocyTA/qSTCv3aPb0Bkl kWDvOoommF4iCTohe2iJKw== 0000950147-98-000865.txt : 19981104 0000950147-98-000865.hdr.sgml : 19981104 ACCESSION NUMBER: 0000950147-98-000865 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19981103 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INTERNATIONAL FIBERCOM INC CENTRAL INDEX KEY: 0000924632 STANDARD INDUSTRIAL CLASSIFICATION: CABLE & OTHER PAY TELEVISION SERVICES [4841] IRS NUMBER: 860271282 STATE OF INCORPORATION: AZ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: SEC FILE NUMBER: 333-65099 FILM NUMBER: 98736533 BUSINESS ADDRESS: STREET 1: 3410 E UNIVERSITY STREET 2: SUITE 180 CITY: PHOENIX STATE: AZ ZIP: 85034 BUSINESS PHONE: 6029411900 MAIL ADDRESS: STREET 1: 3410 E UNIVERSITY STREET 2: SUITE 180 CITY: PHOENIX STATE: AZ ZIP: 85034 424B3 1 FORM 424B3 INTERNATIONAL FIBERCOM, INC. SUPPLEMENT TO THE PROSPECTUS DATED FEBRUARY 12, 1998 Effective September 1, 1998, the Company acquired all of the issued and outstanding common stock of United Tech, Inc. ("United Tech") in exchange for 1,502,000 restricted shares of Common Stock of the Company. Also effective September 1, 1998, the Company acquired all of the issued and outstanding common stock of Diversitec, Inc. ("Diversitec") in exchange for 1,752,000 restricted shares of Common Stock of the Company. In connection with the acquisitions, the Company caused United Tech and Diversitec to enter into three-year employment agreements with certain key employees. United Tech, based in Florida, and Diversitec, based in Virginia, are telecommunications equipment resellers and were privately owned. Each of these acquisitions is being accounted for as a pooling of interests. On a preliminary, unaudited basis, United Tech reported sales of approximately $8,373,000 for the six months ended June 30, 1998 and operating income of $2,414,000 before Subchapter S distributions of $1,390,000. In 1997, United Tech generated sales of approximately $8,350,000 and was profitable. On a preliminary, unaudited basis, Diversitec reported sales of approximately $6,763,000 for the six months ended June 30, 1998 and was profitable. In 1997, Diversitec generated sales of approximately $12,600,000 and was profitable. For the six months ended June 30, 1998, the Company reported net income of $3,083,948, or $.17 basic earnings per share and $.14 diluted weighted earnings per share, on revenues of $30,928,477. These results compare to net income of $957,088, or $.14 basic earnings per share and $.07 diluted weighted earnings per share, on revenues of $13,096,638 for the six months ended June 30, 1997. Dated: October 30, 1998 -----END PRIVACY-ENHANCED MESSAGE-----