| Ticker: TELE | 4300 Wiley Post Road | |
| Exchange: NASDAQ-Small Cap Market | Dallas, Texas 75244 | |
| Industry: Wholesale | (214) 239-7151 |
| Type of Shares: | Common Shares | Filing Date: | 10/31/95 | |
| U.S. Shares: | 300,000 | Offer Date: | 1/26/96 | |
| Non-U.S. Shares: | 0 | Filing Price: | $8.25 | |
| Primary Shares: | 300,000 | Offer Price: | $8.25 | |
| Secondary Shares: | 0 | Gross Spread: | $0.82 | |
| Offering Amount: | $2,475,000 | Selling: | $0.41 | |
| Expenses: | $223,990 | Reallowance: | ||
| Shares Out After: | 1,258,032 |
| Manager | Tier | Phone |
| PCM Securities | Lead Manager | (407) 362-1100 |
| Auditor: King, Burns & Company | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/94 | 9/30/95 | 9/30/94 | 9/30/95 | ||
| Revenue: | $3.67 | $2.77 | $2.78 | Assets: | $2.21 |
| Net Income: | $0.01 | $0.09 | $0.10 | Liabilities: | $1.03 |
| EPS: | $0.01 | $0.08 | $0.10 | Equity: | $1.18 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The Company is engaged in the business of importation, distribution and sale of electronic components used in the manufacture and assembly of high-technology products such as computers, oil field test equipment and medical instrumentation among others. The Company also distributes batteries and battery products. The Company is an authorized distributor, or a non-exclusive basis, for two product groupings of Matsushita Electric Corporation of America. The Company is also a non-exclusive distributor of battery products manufactured by Varta Batteries, Inc. The Company also operates under noncontractual, long-term non-proprietary electronic components and batteries marketed under its Texas state registered trademark, "Nikko", and its own name, "Tech Electro Industries". The Company has recently began distributing electro mechanical devices and transformers produced in The People's Republic of China and Hong Kong. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for an increase in inventory of existing and new product lines, $730,000; enhanced marketing program, $380,000; new control center, $135,000; and addition to working capital, $785,510. |
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