Gibbs Construction, Inc.
Ticker: GBSE 1855 Wall Street
Exchange: NASDAQ-Small Cap Market Garland, Texas 75041
Industry: Construction (214) 278-3433

Type of Shares:Common Shares Filing Date:
U.S. Shares:1,000,000 Offer Date:1/12/96
Non-U.S. Shares:0 Filing Price: -
Primary Shares:1,000,000 Offer Price:$4.25
Secondary Shares:0 Gross Spread:$0.43
Offering Amount: $0 Selling:$0.21
Expenses:$377,500 Reallowance:
Shares Out After:4,000,000

ManagerTierPhone
Nutmeg Securities, Inc.Lead Manager (203) 255-5599
La Jolla Capital CorporationCo-manager (619) 483-8600

Auditor: Killman, Murrell & Company
Audited
Income
Latest
Unaudited
Income
Prior
Unaudited
Income
Balance
Sheet
12/31/94 9/30/95 9/30/94 9/30/95
Revenue:$21.01$24.76$15.85Assets:$9.98
Net Income:$0.14$1.80-$0.08Liabilities:$7.71
EPS:$0.02$0.36Equity:$2.27

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 full service, national, commercial construction company. The company provides construction services to national retail chains engaged in aggressive expansion programs. These programs usually call for the erection of stand-alone facilities or "power centers", which typically range in size from 10,000 to 75,000 square feet.

Use of Proceeds
Working capital and general corporate purposes.

Last updated: 10/28/96

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