| Advanced Electronic Support Products, Inc. | |||
| Ticker: | AESP | 1810 N.E. 144th Street | |
| Exchange: | NASDAQ-Small Cap Market | North Miami, FL 33181 | |
| Industry: | High-Tech (SIC Code 3577) | (305) 944-7710 | |
| Type of Shares: | Common Shares | Filing Date: | 11/12/96 | |
| U.S. Shares: | 800,000 | Offer Date: | 2/13/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $5.50 - $6.50 | |
| Primary Shares: | 800,000 | Offer Price: | $6.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.60 | |
| Offering Amount: | $4,800,000 | Selling: | $0.36 | |
| Expenses: | $508,964 | Reallowance: | $0.18 | |
| Shares Out After: | 1,562,500 |
| Manager | Tier | Phone |
| J.W. Charles Securities, Inc. | Lead Manager | (212) 230-5030 |
| Argent Securities, Inc. | Co-manager | (888) 237-1100 |
| Issuer's Law Firm: | Akerman, Senterfitt & Eidson |
| Bank's Law Firm: | Lucio, Mandler, Croland, Brownstein & Garbett |
| Auditor: | BDO Seidman |
| Registrar/Transfer Agent: | Continental Stock Transfer & Trust Co |
Dollar amounts in U.S. millions except for per share data | |||||
| 6 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 6/30/96 | 6/30/95 | 6/30/96 | ||
| Revenue: | $13.72 | $6.58 | $4.86 | Assets: | $6.73 |
| Net Income: | $0.85 | $0.38 | $0.27 | Curr Assets: | |
| EPS: | $0.71 | $0.31 | $0.22 | Liabilities: | $2.92 |
| Prior EPS: | $0.53 | -$0.35 | -$0.26 | Curr Liabilities: | |
| Cash Flow/Oper: | -$0.09 | Equity: | $3.80 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company designs, manufactures, markets and distributes computer connectivity and networking products nationally and internationally. The company currently offers a broad range of products to its customers, including computer cables, connectors, installation products, data sharing devices, and fiber-optic cables, as well as a complete section of networking products, such as networking interfacing cards, hubs, transceivers, and repeaters for different networking topologies. The company works with various manufacturers that manufacture and assemble the company's products using designs and manufacturing specifications (including quality control) provided by the company. For these designs and manufacturing specifications, the company uses its own designs as well as standard industry designs. The company also assembles a vary small percentage of its products at the company's North Miami Beach facility. The company's manufacturers are located primarily in the Far East, allowing the company to maintain competitive pricing for its products due to comparatively lower labor-related costs of production in the Far East. The company offers its products to a broad range of customers, including both original equipment manufacturers and retail customers in North America, Latin America, Eastern and Western Europe and Japan. |
| Business Plan |
| The company's goals are to continue the growth which it has experienced since January 1990, and to become a leader and achieve brand recognition in the computer connectivity and networking industry. In order to achieve these two goals, the company's strategy is to increase its retail and OEM customer base through growth and through growth by acquisition. The company plans to increase its operating revenues and income by increasing its retail and OEM customer base in existing markets and expanding into new markets. Another element of the company's strategy to achieve its goals is to grow by the acquisition of other companies, assets, and/or product lines that would compliment or expand the company's existing business. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for general corporate purposes. |