| Proposed Ticker: NGVS | 5580 Cherry Avenue | |
| Exchange: NASDAQ-Small Cap Market | Long Beach, California 90805 | |
| Industry: Manufacturing | (310) 630-5768 |
| All share information is proposed | ||||
| Type of Shares: | Common Shares | Filing Date: | 10/15/96 | |
| U.S. Shares Filed: | 1,500,000 | Filing Range: | $6.00 - $7.50 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $10,125,000 | |
| Primary Shares: | 1,500,000 | Expenses: | $450,000 | |
| Secondary Shares: | 0 | Shs Out After: | 3,790,195 | |
| Manager | Tier | Phone |
| Commonwealth Associates | Lead Manager | (212) 297-5789 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 6/30/96 | 6/30/95 | 6/30/96 | ||
| Revenue: | $5.68 | $4.37 | $3.55 | Assets: | $7.31 |
| Net Income: | -$4.29 | -$0.88 | -$1.49 | Liabilities: | $5.16 |
| EPS: | -$2.07 | -$0.32 | -$0.72 | Equity: | $2.15 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| Natural Gas Vehicle Systems, Inc. is a leading United States manufacturer and distributor of fuel storage systems for use on-board natural gas vehicles. The company's fuel storage cylinders are highly-engineered pressure vessels for the storage of compressed natural gas. Since 1990, the company and its predecessors have invested significant resources in product development and manufacturing capability to meet the expected growth in demand in the natural gas vehicle market. The United States Clean Air Act Amendments of 1990 and the Energy Policy Act of 1992, in combination with clean air laws passed in California, Texas and many other states, mandate the use of alternatives fueled vehicles in the United States, reflecting the stated national policy of reducing vehicular air pollution and dependence on foreign oil. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for a new manufacturing facility; to repay certain outstanding indebtedness; for the purchase of manufacturing machinery for steel cylinder production; and the balance for working capital and general corporate purposes. |
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