| Ticker: | JDAW | 46 Old Flat River Road | |
| Exchange: | NASDAQ-Small Cap Market | Coventry, Rhode Island 02816 | |
| Industry: | Manufacturing | (800) 435-3267 |
| Type of Shares: | Common Shares | Filing Date: | 11/20/95 | |
| U.S. Shares: | 750,000 | Offer Date: | 1/11/96 | |
| Non-U.S. Shares: | 0 | Filing Price: | $6.25 | |
| Primary Shares: | 750,000 | Offer Price: | $6.25 | |
| Secondary Shares: | 0 | Gross Spread: | $0.56 | |
| Offering Amount: | $4,687,500 | Selling: | $0.34 | |
| Expenses: | $275,000 | Reallowance: | ||
| Shares Out After: | 2,044,812 |
| Manager | Tier | Phone |
| Merit Capital Associates | Lead Manager | (203) 227-4300 |
| Auditor: Eisner, Richard A. | |||||
| 6 Month Ending Financials | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 2/28/95 | 8/31/95 | 8/31/94 | 8/31/95 | ||
| Revenue: | $0.29 | $0.03 | $0.10 | Assets: | $0.71 |
| Net Income: | -$0.59 | -$0.64 | -$0.23 | Liabilities: | $2.53 |
| EPS: | -$0.38 | -$0.41 | Equity: | -$1.82 | |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company designs, markets and sells a complete line of commercial and industrial workwear including a patented proprietary denim safety work jean and a uniform-style safety work pants. The company recently signed supply agreements that will enable it to offer a complete line of commercial and industrial footwear and workwear to complement its JD Safety Work Jeans and JD Safety Uniform Pants. |
| Use of Proceeds |
| To provide working capital for acquisition of raw materials, finance outside manufacturing costs for building up finished goods inventory to satisfy existing order backlog, current demand and expected future order flow, to repay certain accrued expenses, trade payables and promissory notes of the company, to commerce marketing of the company's uniform line, and for general corporate purposes. |
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