ENGINEERING ANIMATION, INC., ANNOUNCES INITIAL PUBLIC OFFERING.
Engineering Animation, Inc. develops, produces and sells three-dimensional (3D) computer animation products that address visualization, animation and graphics needs of its customers in commercial markets. EAI offers three interrelated product lines: custom animation products, which are custom 3D computer-generated animations for the litigation, biomedical and scientific markets; interactive software products, which are educational 3D interactive software titles on CD-ROM for both academic and consumer markets; and animation software tools, which are 3D animation software tools on UNIX-based workstations. EAI's animation software tools include VisLab, a suite of software programs that provide high-speed 3D integrated visualization solutions for CAD/CAE markets; and VisFly, a high performance engineering visualization tool that allows interactive real time viewing of complex CAD designs.
The Company plans to use proceeds from the offering to repay debt and for general corporate purposes, including product development, sales and marketing initiatives, and computer and equipment purchases. Engineering Animation, Inc., is headquartered at 2625 North Loop Drive, Ames, Iowa 50010; Phone: 515/296-9908; Internet e-mail address: EAII@eai.com; World Wide Web home page: http://www.eai.com.
CONTACT: Lana Rushing
Public Relations, EAI
Laura Scorpiniti Edens
Vice President and General Counsel, EAI