AUS investment bank, with offices in New York and San Francisco, was acting as the lead underwriter in an IPO of a German microchip company that was developing smart card technology. Intelex was retained to perform a routine due diligence study on the company.

Intelex performed a Corporate Profile on the company and Executive Profiles on each of the company's principals located in Germany, the United Kingdom and the United States.

After a thorough review of the company and its principals, Intelex found no red flags that would warrant interrupting the proposed IPO. The company went public with great success.