| Ticker: NWCI | 379 West Broadway | |
| Exchange: NASDAQ-National Market | New York, New York 10012 | |
| Industry: Retail | (212) 343-0552 |
| Type of Shares: | Common Shares | Filing Date: | 8/15/95 | |
| U.S. Shares: | 2,500,000 | Offer Date: | 2/1/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $5.50 - $6.00 | |
| Primary Shares: | 2,500,000 | Offer Price: | $5.50 | |
| Secondary Shares: | 0 | Gross Spread: | $0.50 | |
| Offering Amount: | $14,375,000 | Selling: | $0.30 | |
| Expenses: | $1,043,750 | Reallowance: | ||
| Shares Out After: | 4,501,979 |
| Manager | Tier | Phone |
| National Securities Corp. | Lead Manager | (206) 622-7200 |
| Value Investing Partners, Inc. | Co-manager |
| Auditor: Arthur Andersen | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/94 | 10/1/95 | 9/30/94 | 10/1/95 | ||
| Revenue: | $4.51 | $7.03 | $2.72 | Assets: | $9.10 |
| Net Income: | -$0.76 | -$2.07 | -$0.39 | Liabilities: | $5.75 |
| EPS: | -$0.53 | -$1.93 | -$0.27 | Equity: | $3.34 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The Company owns and operates 27 espresso bars in new York, New Jersey and Pennsylvania, making the Company one of the largest specialty coffee retailers based in northeastern United States. The Company plans to open approximately 40 additional stores within 12 months after completion of this offering. New World Coffee's objective is to become a leading high quality specialty coffee retailer in each market in which it operates. The Company seeks to differentiate its concept and build strong brand recognition by creating what it believes are sophisticated and inviting espresso bars that serve as neighborhood gathering places, offering high quality freshly roasted coffee beans, coffee beverages and a wide assortment of light food items. The Company believes that this strategy along with enthusiastic and friendly customer service creates a loyal customer base. The Company's stores are in high traffic locations. |
| Use of Proceeds |
| Proceeds from the proposed offering will be used to open additional espresso bars, temporary reduction in the amount outstanding under the company's line of credit, repurchase of shares held by an existing stockholder, establishing a commissary to supply food items to the company's espresso bars, upgrading the company's computerized point of sale system, working capital and other general corporate purposes. |
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