| Ticker: APWD | 110 East 59th Street, 6th Floor | |
| Exchange: NASDAQ-Small Cap Market | New York, New York 10022 | |
| Industry: Manufacturing | (212) 909-0329 |
| Type of Shares: | Common Shares | Filing Date: | 10/18/95 | |
| U.S. Shares: | 1,200,000 | Offer Date: | 4/10/96 | |
| Non-U.S. Shares: | 0 | Filing Price: | $5.00 | |
| Primary Shares: | 1,200,000 | Offer Price: | $5.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.50 | |
| Offering Amount: | $6,000,000 | Selling: | $0.25 | |
| Expenses: | $705,000 | Reallowance: | $0.13 | |
| Shares Out After: | 3,480,000 |
| Manager | Tier | Phone |
| Sterling Foster & Co., Inc. | Lead Manager | (516) 843-8000 |
| Auditor: Mortenson and Associates | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 6/30/95 | 12/31/95 | 12/31/94 | 12/31/95 | ||
| Revenue: | $3.43 | $2.37 | $2.05 | Assets: | $4.65 |
| Net Income: | -$0.29 | -$0.33 | $0.02 | Liabilities: | $5.40 |
| EPS: | -$0.11 | -$0.13 | -$0.01 | Equity: | -$0.75 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company manufactures and sells natural soaps, oils, lotion and other toiletries and related gift products. The company sells its products through licensed retail stores and distributors internationally. The Company's principal products include natural hair and skincare products and related gift items. Applewoods Delaware's wholly-owned subsidiary, ALA Limited, a Guernsey corporation, licenses Applewoods Delaware's trademarks and know-how for use in Latin America. Applewoods Delaware was formed in September 1995 to acquire all of the outstanding shares of capital stock of AIL and ALA. The Company was formed in 1978 for the purpose of developing and marketing natural toiletries. In July 1992, the Company's predecessor was placed into receivership in England. (Receivership in England is similar to bankruptcy in the United States). |
| Use of Proceeds |
| Proceeds from the offering will be used for repayment of certain indebtedness, expansion of the company's marketing efforts, creation and sourcing of additional personnel, improvements to the company's warehouse facilities in England and for undifferentiated general working capital purposes. |
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