| Proposed Ticker: KANI | 228 Manhattan Beach Boulevard, Suite 200 | |
| Exchange: NASDAQ-National Market | Manhattan Beach, California 90266 | |
| Industry: Manufacturing | (888) 222-5264 |
| All share information is proposed | ||||
| Type of Shares: | Common Shares | Filing Date: | 10/21/96 | |
| U.S. Shares Filed: | 1,400,000 | Filing Range: | $10.00 - $12.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $15,400,000 | |
| Primary Shares: | 1,400,000 | Expenses: | $1,300,000 | |
| Secondary Shares: | 0 | Shs Out After: | 4,000,000 | |
| Manager | Tier | Phone |
| Joseph Charles & Associates, Inc. | Lead Manager | (407) 659-7400 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 6/30/96 | 6/30/95 | 6/30/96 | ||
| Revenue: | $18.06 | $6.77 | $8.57 | Assets: | $5.67 |
| Net Income: | $0.14 | $0.04 | $0.22 | Liabilities: | $4.82 |
| EPS: | $0.05 | $0.02 | Equity: | $0.85 | |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company designs, develops, markets and distributes footwear bearing the Kani brand name, and selectively sublicenses the Kani brand name to manufacturers of other products, principally apparel, which are designed by Karl Kani. The company is a recently-formed company that has the exclusive right to market and sell products under the "kani" brand name pursuant to a license from Carl Williams, a.k.a. Karl Kani. Karl Kani is a nationally recognized clothing designer. The company receives income from the sale of its footwear products, and royalty income from the sale by sublicensees of apparel products bearing the Kani brand name. The company's footwear lines consist of performance athletic footwear, street athletic footwear, utility/multi-purpose footwear, sandals and casual footwear and children's footwear. The company recently refocused its footwear efforts on the athletic footwear market where the company seeks to extend further the Kani brand name from the apparel industry into footwear. The company's footwear is developed by its design team, manufactured by independent contract manufacturers outside the United States and marketed by the company through salespersons and product promotions. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to advertise the Kani brand name, secure athletic endorsements of the company's products and establish concept shops for the distribution of the company's products, and for working capital and general corporate purposes. |
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