| Ticker: WWLI | 15455 San Fernando Mission Boulevard, Suite 105 | |
| Exchange: NASDAQ-Small Cap Market | Mission Hills, California 91345 | |
| Industry: Manufacturing | (818) 898-2167 |
| Type of Shares: | Common Shares | Filing Date: | ||
| U.S. Shares: | 900,000 | Offer Date: | 2/9/96 | |
| Non-U.S. Shares: | 0 | Filing Price: | $5.00 | |
| Primary Shares: | 900,000 | Offer Price: | $5.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.50 | |
| Offering Amount: | $4,500,000 | Selling: | $0.25 | |
| Expenses: | $350,000 | Reallowance: | ||
| Shares Out After: | 2,606,876 |
| Manager | Tier | Phone |
| Cohig & Associates Inc. | Lead Manager | (800) 444-5610 |
| Auditor: Arthur Andersen | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/94 | 9/30/95 | 9/30/94 | 9/30/95 | ||
| Revenue: | $0.46 | $2.29 | $0.18 | Assets: | $1.60 |
| Net Income: | -$0.34 | -$0.03 | -$0.29 | Liabilities: | $0.34 |
| EPS: | -$0.20 | -$0.02 | Equity: | $1.26 | |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company develops, or seeks to acquire through license, nutritional supplements that can be sold through direct response marketing to the over age forty market in the United States. The over age forty market is the fastest growing segment of the population and a population for whom quality of life has become one of the most important issues associated with aging. Utilizing formulations that include only herbs and other natural ingredients, the Company's products are intended to offer alternatives to conventional treatments for symptoms associated with the aging process. As nutritional supplements, the Company's products are classified as foods and do not require marketing approval from the U.S. Federal Drug Administration, although they are subject to product labeling and advertising guidelines established by the FDA and the Federal Trade Commission. The Company endeavors to capture new customers from the targeted population through direct mail and advertising. In addition, the Company has placed display advertisements in several magazines, including Popular Mechanics, Elks, Family Handyman and Workbench Magazine. |
| Use of Proceeds |
| The company anticipates to use the net proceeds of this offering for repayment of debt owed to an affiliate; expanded marketing and sales activities; and other general corporate purposes, including general and administrative costs and expenses. |
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