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To: SgtPepper who wrote (9401)	5/3/1999 8:15:00 PM
From: SgtPepper	Respond to of 13776

More info on ISMT __________________________________ International Smart Sourcing, Inc. 320 Broad Hollow Rd. Farmingdale, NY 11735 Phone: 516-752-1950 Fax: 516-752-1971 IPO INFORMATION Pricing Date: 4/23/99 Filing date: March 26, 1998 Nasdaq: ISMT Proposed offer price: $4.50 Actual offer price: $4.50 First day open: $4.19 First day close: $4.31 Shares offered (mil.): 1.25 Offering amount (mil.): $5.8 Post-offering shares (mil.): 3.195 Underwriters: Network 1 Financial Securities, Inc. KEY NUMBERS Fiscal Year-End: December 1997 Sales (mil.): $6.1 1-Yr. Sales Change: 12.2% 1997 Income (mil.): $0.2 1-Yr. Income Change: 282.8% Employees: 105 More Financials KEY PEOPLE CEO: Andrew Franzone CFO: Steven Sgammato HR: Steven Sgammato International Smart Sourcing (formerly International Plastic Technologies) makes injection-molded plastic components and assemblies for consumer, industrial, and military use. Its Electronic Hardware subsidiary produces knobs, handles, and dials for electronics equipment and instrumentation switches. Subsidiary Compact Disc Packaging has a license to make and sell the Pull Pack CD packaging system, which uses a drawer design instead of the standard hinge jewel boxes. The firm also has a license to make the Ultratherm handheld massager through its Duralogic Technologies subsidiary. Chairman David Kassel owns about 28% of the company. ___________________________________________________ ISMTW - Warrants ($5 exercise price) expiring 4/23/2005 WARRANTS TO BE OUTSTANDING AFTER THE OFFERING(3)........................ 1,250,000 TERMS OF THE PUBLIC WARRANTS......... Each Warrant is exercisable for a five-year period, commencing one year from the date of this Prospectus, and entitles the holder thereof to purchase one share of Common Stock at an exercise price of $5.00 per share, subject to adjustment in certain circumstances. The Warrants are redeemable by the Company at any time commencing one year after the date of this Prospectus, at a price of $.10 per Warrant, upon not less than 30 days prior written notice to the registered holders of the Warrants, provided that the average closing bid quotation of the Common Stock as reported on Nasdaq or BSE, if traded thereon, or if not traded thereon, the average closing sale price if listed on a national or regional securities exchange, equals or exceeds 150% of the exercise price per share of Common Stock for any 20 trading days within a period of 30 consecutive trading days ending on the 15th day prior to the day on which the Company gives notice of redemption. See "Description of Securities--Warrants."