| Ticker: BMTR | 7522 S. Maie Avenue | |
| Exchange: NASDAQ-National Market | Los Angeles, California 90001 | |
| Industry: Manufacturing | (213) 583-8631 |
| Type of Shares: | Common Shares | Filing Date: | 1/22/96 | |
| U.S. Shares: | 1,000,000 | Offer Date: | 4/2/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $5.50 - $6.00 | |
| Primary Shares: | 1,000,000 | Offer Price: | $5.88 | |
| Secondary Shares: | 0 | Gross Spread: | $0.47 | |
| Offering Amount: | $5,750,000 | Selling: | $0.27 | |
| Expenses: | $335,000 | Reallowance: | $0.03 | |
| Shares Out After: | 3,000,000 |
| Manager | Tier | Phone |
| Commonwealth Associates | Lead Manager | (212) 297-5789 |
| Cruttenden Roth Incorporated | Co-manager | (800) 678-9147 |
| Auditor: KPMG Peat Marwick | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 12/31/95 | ||||
| Revenue: | $13.62 | Assets: | $4.71 | ||
| Net Income: | $1.28 | Liabilities: | $3.70 | ||
| EPS: | $0.59 | Equity: | $1.01 | ||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company believes that it is one of the largest independent engine remanufacturers in the United States serving the automotive aftermarket for end users and installers. The company remanufactures and distributes in the United States replacement engines for domestic and Japanese cars and light trucks. Japanese vehicles include those manufactured in the United States by Japanese manufacturers and those manufactured in Japan. The company currently remanufactures an average of approximately 1,200 domestic and 300 Japanese engines per month in its Los Angeles production facility and operates distribution centers in Washington state and Georgia. The company's principal customers are comprised of discount automotive parts chain stores including: The Pep Boys-Manny, Moe & Jack, Northern Automotive Corporation, Paccar Automotive, Inc and Trak Auto Corporation, which sell replacement engines to end users and to installers. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for the establishment of four regional distribution centers and associated inventory; new engine programs; debt repayment and for general corporate purposes. |
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