| Ticker: | BLUE | 103 South Carroll Street | |
| Exchange: | NASDAQ-Small Cap Market | Frederick, Maryland 21701 | |
| Industry: | Manufacturing | (301) 694-7899 |
| Type of Shares: | Common Shares | Filing Date: | 12/12/95 | |
| U.S. Shares: | 805,000 | Offer Date: | 3/5/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $5.00 - $6.00 | |
| Primary Shares: | 771,154 | Offer Price: | $6.00 | |
| Secondary Shares: | 33,846 | Gross Spread: | $0.42 | |
| Offering Amount: | $4,427,500 | Selling: | ||
| Expenses: | $341,700 | Reallowance: | ||
| Shares Out After: | 1,954,876 |
| Manager | Tier | Phone |
| Ryan Lee & Co., Inc. | Lead Manager | (703) 847-3100 |
| Auditor: Coopers & Lybrand | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 12/31/95 | ||||
| Revenue: | $1.75 | Assets: | $1.66 | ||
| Net Income: | -$0.34 | Liabilities: | $1.08 | ||
| EPS: | -$0.30 | Equity: | $0.58 | ||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is a craft brewer of fresh, distinctive, full-bodied beers sold under the "Blue Ridge" brand. The company distributes its products to 25 wholesale distributors in eleven states on the East coast and in the Midwest. By catering to the segment of the beer drinking market which is seeking a new and different beer experience, Frederick Brewing has been able to capture a significant share of the specialty beer market in Maryland. |
| Use of Proceeds |
| Proceeds from the offering will be used primarily for capital expenditures relating to the construction and equipping of a new brewery to be built in Frederick, MD, the repayment of debt and for working capital and for general corporate purposes. |
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