| Ticker: KTAX | 15490 Ventura Boulevard | |
| Exchange: NASDAQ-Small Cap Market | Sherman Oaks, California 91403 | |
| Industry: Service | (818) 382-6300 |
| Type of Shares: | Common Shares | Filing Date: | 9/29/95 | |
| U.S. Shares: | 1,000,000 | Offer Date: | 2/22/96 | |
| Non-U.S. Shares: | 0 | Filing Price: | $5.00 | |
| Primary Shares: | 1,000,000 | Offer Price: | $5.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.50 | |
| Offering Amount: | $5,000,000 | Selling: | $0.13 | |
| Expenses: | $500,000 | Reallowance: | ||
| Shares Out After: | 2,237,400 |
| Manager | Tier | Phone |
| J.W. Barclay & Co., Inc. | Lead Manager | (212) 809-5800 |
| First Cambridge Securities Corporation | Co-manager |
| Auditor: Feldman Radin & Co. | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/94 | 9/30/95 | 9/30/94 | 9/30/95 | ||
| Revenue: | $4.95 | $4.27 | $3.35 | Assets: | $2.09 |
| Net Income: | $0.12 | $0.04 | $0.13 | Liabilities: | $2.02 |
| EPS: | $0.11 | $0.03 | $0.17 | Equity: | $0.07 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company provides representation for delinquent taxpayers, primarily in Southern California, before the collection divisions of the Internal Revenue Service or the State of California. Generally, the company is not retained to challenge the amounts owed but rather negeotiate Offers-In-Compromise or Installment Agreements. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for expansion of operations, repayment of debt, capital expenditures and working capital. |
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