| Ticker: LAZR | 7808 Cherry Creek South Drive, Unit 301 | |
| Exchange: NASDAQ-Small Cap Market | Denver, Colorado 80231 | |
| Industry: Manufacturing | (303) 751-8545 |
| Type of Shares: | Common Shares | Filing Date: | 10/26/95 | |
| U.S. Shares: | 1,300,000 | Offer Date: | 4/23/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $4.00 - $5.00 | |
| Primary Shares: | 1,300,000 | Offer Price: | $4.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.40 | |
| Offering Amount: | $5,850,000 | Selling: | ||
| Expenses: | $364,000 | Reallowance: | ||
| Shares Out After: | 2,901,250 |
| Manager | Tier | Phone |
| Laidlaw Equities, Inc. | Lead Manager | (212) 949-5831 |
| Auditor: Hein & Associates | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 12/31/95 | ||||
| Revenue: | $5.48 | Assets: | $2.02 | ||
| Net Income: | $0.22 | Liabilities: | $1.61 | ||
| EPS: | $0.10 | Equity: | $0.41 | ||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company designs, manufactures and markets laser-tag interactive game systems under the Laser Storm trademark. The Company currently markets Laser Storm game systems which are computer controlled, capable of being varied to fit individual operator needs and customer demands and designed to incorporate a themed adventure within and interactive environment emphasizing team play. Each game system is comprised of blasters, controllers, adjustable vests, headsets and targets, and may include themed arenas with special effects such as moveable colored barriers, fog, sound, specialty lighting effects, software developed by the Company and other elements. The Company has been developing and producing state-of-the-art themed laser tag game systems and, since its inception in march 1990 through December 1995, the Company has sold a total of approximately 151 Laser Storm game systems, of which 18 were sold in Ecuador, Indonesia, Japan, Mexico, Saudi Arabia, South Korea and Venezuela and of which 133 were sold in 40 states in the United States. Although since its inception the company has been engaged principally in developing, marketing and selling Laser Storm game systems to independent operators, the company also has entered into or negotiated revenue sharing arrangements for eight Laser Storm game facilities. |
| Use of Proceeds |
| The company intends to use the net proceeds substantially as follows: 1) $2.8 million - Costs of Acquiring Existing and Opening New Laser Storm Game Facilities, 2) $550,000 - Intellectual Property Licensing, Product Development and Marketing, 3) $160,000 - Payments to Settle Claims and 4) $860,000 - Working Capital. |
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