| Proposed Ticker: - | 14895 E. 14th Street, Suite 400 | |
| Exchange: NASDAQ-Small Cap Market | San Leandro, California 94578 | |
| Industry: Service | (510) 297-5050 |
| All share information is proposed | ||||
| Type of Shares: | Common Shares | Filing Date: | 9/30/96 | |
| U.S. Shares Filed: | 1,200,000 | Filing Price: | $5.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $6,000,000 | |
| Primary Shares: | 1,200,000 | Expenses: | $181,800 | |
| Secondary Shares: | 0 | Shs Out After: | 2,087,500 | |
| Manager | Tier | Phone |
| Dickinson & Co. | Lead Manager | (515) 247-8100 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 5/31/96 | 5/31/96 | ||||
| Revenue: | $0.00 | Assets: | $2.79 | ||
| Net Income: | -$0.10 | Liabilities: | $2.20 | ||
| EPS: | -$0.14 | Equity: | $0.59 | ||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company was organized on January 30, 1996 to acquire advanced laser medical equipment and manage and administer laser vision correction (LVC) support services in California and northern Nevada under contracts with independent ophthalmologists. LVC procedures are useful in correcting the vast majority of nearsighted refractive disorders as an alternative to eyeglasses, contact lenses or surgical procedures requiring corneal incisions such as radial keratomy. During the first half of 1996, the company's activities consisted of market research, entering into agreements with experienced LVC eye care professionals, raising initial capital and acquiring equipment and use of facilities to provide support services to vision care professionals, raising initial capital and acquiring equipment and use of facilities to provide support services to vision care professionals. LVC Services have been offered by the company since June 1996 in San Jose and San Leandro, California. As of August 31, 1996 physicians using the company's equipment and support services have performed 390 LVC procedures, which increased in number from 61 procedures during June 1996 to 179 procedures during August 1996. |
| Use of Proceeds |
| The proceeds from the proposed offering will be applied to equipment purchases, marketing the company's LUV Services, expansion and related working capital requirements. |
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