| Proposed Ticker: ASTV | 2600 Michelson Drive | |
| Exchange: NASDAQ-National Market | Irvine, California 92715 | |
| Industry: Service | (714) 263-9900 |
| All share information is proposed | ||||
| Type of Shares: | Common Shares | Filing Date: | 9/20/96 | |
| U.S. Shares Filed: | 0 | Filing Price: | - | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $25,300,000 | |
| Primary Shares: | 0 | Expenses: | $920,000 | |
| Secondary Shares: | 0 | Shs Out After: | ||
| Manager | Tier | Phone |
| Southcoast Capital Corp | Lead Manager | (504) 528-9174 |
| Ladenburg, Thalmann & Co. Inc. | Co-manager | (212) 940-0100 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 3/31/96 | 6/30/96 | 6/30/95 | 6/30/96 | ||
| Revenue: | $8.93 | $3.02 | $1.34 | Assets: | $12.22 |
| Net Income: | -$3.14 | -$1.01 | -$1.03 | Liabilities: | $12.37 |
| EPS: | -$0.84 | $0.24 | -$0.28 | Equity: | -$0.16 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company operates the largest network exclusively dedicated to the cabinet of informercials and other long-form paid programming in the U.S. The company currently distributes this programming to cable television operators of approximately 200 cable systems reaching over 18 million U.S. households, representing approximately 26% of the approximately 68 million households in the U.S. which receive cable television, for an average of approximately 11.4 hours a day. The company has contracted with most of the nation's largest multiple cable system operators, including Tele-Communications Inc., Time Warner, Inc. and Continental Cablevision Inc., for blocks of underutilized time. The company packages this remnant time, which typically exists across several channels at various times of day, to create a national distribution medium for use by producers of infomercial and infotainment content. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for capital expenditures to expand and upgrade its network, repayment of debt, and for general corporate purposes including working capital. |
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