| Ticker: | MILB | 2 Old New Milford Road | |
| Exchange: | NASDAQ-Small Cap Market | Brookfield, Connecticut 06804 | |
| Industry: | Manufacturing | (203) 740-2220 |
| Type of Shares: | Common Shares | Filing Date: | 10/21/96 | |
| U.S. Shares: | 1,700,000 | Offer Date: | 12/18/96 | |
| Non-U.S. Shares: | 0 | Filing Price: | $5.00 | |
| Primary Shares: | 1,700,000 | Offer Price: | $4.50 | |
| Secondary Shares: | 0 | Gross Spread: | $0.45 | |
| Offering Amount: | $8,500,000 | Selling: | $0.23 | |
| Expenses: | $560,000 | Reallowance: | $0.10 | |
| Shares Out After: | 3,000,000 |
| Manager | Tier | Phone |
| GKN Securities | Lead Manager | (212) 509-3800 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 7/31/96 | 7/31/96 | ||||
| Revenue: | $9.94 | Assets: | $12.57 | ||
| Net Income: | -$1.12 | Liabilities: | $5.53 | ||
| EPS: | -$1.09 | Equity: | $7.04 | ||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is a publisher of nonfiction children's books, in both hardcover and paperback, for the school and public library market and the consumer market. Since its inception, the company has published more than 560 hardcover 310 paperback books under its Millbrook and Copper Beech imprints. The company's books have been placed on numerous recommended lists by libraries, retail bookstores and educational organizations. The company believes it has established a reputation for publishing books which have high quality content established a reputation for publishing books which have high quality content and design and believes it has been a leader in the development of books that appeal to both the school and public library and consumer markets. The company's books have evolved from information-intensive school and library books to its current mix of highly-graphic, consumer-oriented books. As result, many of the company's books are distributed throughout the United States to the school and public library market as hardcover books while being simultaneously distributed to retail bookstores and other specialty retail, direct sales and special market outlets as either hardcover or paperback books. The company achieves their crossover by producing books with attractive layouts, illustrations and covers that are also informationally rich. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for product development; to repay in full the unsecured promissory notes of the company issued in the bridge financing; for the enhancement of marketing capabilities; for accrued development, manufacturing and royalty expenses to an affiliate of a principal stockholder and for working capital and general corporate purposes. |
©1996 IPO Data Systems, Inc. - All rights reserved.