| Proposed Ticker: GENZ | 2401 Morris Avenue, 3rd Floor | |
| Exchange: NASDAQ-Small Cap Market | Union, New Jersey 07083 | |
| Industry: Service | (908) 810-8767 |
| All share information is proposed | ||||
| Type of Shares: | Common Shares | Filing Date: | 10/29/96 | |
| U.S. Shares Filed: | 800,000 | Filing Price: | $5.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $4,000,000 | |
| Primary Shares: | 800,000 | Expenses: | $365,200 | |
| Secondary Shares: | 0 | Shs Out After: | 3,634,866 | |
| Manager | Tier | Phone |
| R.D. White & Co., Inc. | Lead Manager |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 8/31/95 | 6/30/96 | 6/30/95 | 6/30/96 | ||
| Revenue: | $0.00 | $0.00 | $0.00 | Assets: | $0.85 |
| Net Income: | -$0.27 | -$0.51 | -$0.13 | Liabilities: | $1.87 |
| EPS: | -$0.11 | -$0.18 | -$0.05 | Equity: | -$1.03 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is developing a computerized limousine reservation and payment system for the business traveler. The management of the company anticipates that the proprietary software that is being developed will enable limousine reservations to be completely computerized - i.e., be entirely automatic and operate without human intervention. At the present time, there are four major airline reservations systems in operation in the United States -- "Sabre", "Worldspan", "Apollo" and "System One" (the "Reservation System"). Each of these systems allows a travel agency or corporate travel department to make an airline ticket on any airline. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for systems and procedures development and additional equipment, repayment of outstanding indebtedness and for working capital and general corporate purposes. |
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