| Ticker: GLBE | 1925 Greenwood Avenue | |
| Exchange: NASDAQ-National Market | Cincinnati, Ohio 45246 | |
| Industry: Service | (513) 771-8221 |
| Type of Shares: | Common Shares | Filing Date: | 12/1/95 | |
| U.S. Shares: | 2,083,333 | Offer Date: | 2/7/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $10.00 - $13.00 | |
| Primary Shares: | 1,396,104 | Offer Price: | $11.50 | |
| Secondary Shares: | 687,229 | Gross Spread: | $0.81 | |
| Offering Amount: | $23,958,330 | Selling: | $0.48 | |
| Expenses: | $770,000 | Reallowance: | $0.10 | |
| Shares Out After: | 3,991,455 |
| Manager | Tier | Phone |
| A.G. Edwards & Sons, Inc. | Lead Manager | (314) 289-3000 |
| Equitable Securities Corporation | Co-manager | (615) 780-9300 |
| Auditor: Price Waterhouse | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 2/28/95 | 11/30/95 | 11/30/94 | 11/30/95 | ||
| Revenue: | $48.45 | $38.29 | $36.74 | Assets: | $44.46 |
| Net Income: | $5.43 | $4.72 | $4.94 | Liabilities: | $31.34 |
| EPS: | $1.10 | $0.96 | $1.06 | Equity: | $13.12 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is the third largest company in the rent-to-rent segment of the furniture rental industry. The company rents quality office and residential furniture to a variety of corporate and individual customers. Unlike most of its competitors, the company actively markets the sales of new furniture. the company also sells furniture no longer meeting its showroom condition standards for rental through its clearance centers. The company markets its services through its sales force as well as through 23 showrooms located throughout the midwestern and western United States. The company distinguishes itself from its competitors by maintaining the majority of its showrooms in larger, contemporary superstore formats which combine showroom areas with a clearance center. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay outstanding bank debt, to redeem preferred stock and for other general corporate purposes. |
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