| Ticker: | LEPI | Empire State Building | |
| Exchange: | NASDAQ-National Market | New York, New York 10118 | |
| Industry: | Wholesale | (212) 239-1865 |
| Type of Shares: | Common Shares | Filing Date: | 9/27/96 | |
| U.S. Shares: | 1,250,000 | Offer Date: | 12/2/96 | |
| Non-U.S. Shares: | 0 | Filing Price: | $6.00 | |
| Primary Shares: | 1,250,000 | Offer Price: | $6.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.60 | |
| Offering Amount: | $7,500,000 | Selling: | $0.35 | |
| Expenses: | $905,000 | Reallowance: | $0.10 | |
| Shares Out After: | 3,125,000 |
| Manager | Tier | Phone |
| Gilford Securities | Lead Manager | (212) 888-6400 |
| Auditor: Deloitte & Touche | |||||
| 6 Month Ending Financials | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 3/31/96 | 9/30/96 | 9/30/96 | |||
| Revenue: | $10.99 | $5.55 | Assets: | $3.94 | |
| Net Income: | $3.20 | $0.96 | Liabilities: | $2.49 | |
| EPS: | $0.51 | Equity: | $1.46 | ||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company sells and distributes, in North America, packaging products used primarily in the sale of luxury consumer goods. Its packaging products include metal and plastic cases, optical cases, pouches and bags, and paper gift boxes. The company also sells display units for retail merchandising of jewelry, watches, eyeglasses, pens, cosmetics and gold coins. The company's customers are mainly wholesalers and distributors of Packaging Products and consumer product manufacturers. The company anticipates that it will purchase substantially all of its inventory from Rich City International Packaging Limited, a Hong Kong company and the company's parent. The company has entered into an Assignment and Distribution Agreement with Rich City which, effective April 1, 1996, appoints the company as the exclusive distributor in North America of Packaging Products supplied by Rich City. Since 1990, Rich City had supplied its Packaging Products to North America. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for inventory, warehouse, light assembly equipment, office and showroom, furniture, computers, fixtures and equipment, sales and marketing, and working capital. |
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