| Ticker: CWIC | 28310 Roadside Drive, Suite 220 | |
| Exchange: NASDAQ-Small Cap Market | Agoura, California 91301 | |
| Industry: Service | (818) 865-1306 |
| Type of Shares: | Common Shares | Filing Date: | 1/22/96 | |
| U.S. Shares: | 1,750,000 | Offer Date: | 5/6/96 | |
| Non-U.S. Shares: | 0 | Filing Price: | $4.00 | |
| Primary Shares: | 1,750,000 | Offer Price: | $4.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.40 | |
| Offering Amount: | $7,000,000 | Selling: | $0.20 | |
| Expenses: | $574,000 | Reallowance: | $0.05 | |
| Shares Out After: | 3,689,672 |
| Manager | Tier | Phone |
| Royce Investment Group, Inc. | Lead Manager | (516) 364-8300 |
| First Cambridge Securities Corporation | Co-manager |
| Auditor: Deloitte & Touche | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 6/30/95 | 12/31/95 | 12/31/94 | 12/31/95 | ||
| Revenue: | $3.66 | $2.17 | $1.41 | Assets: | $2.70 |
| Net Income: | -$1.86 | -$1.05 | -$0.80 | Liabilities: | $4.77 |
| EPS: | -$0.98 | -$0.50 | Equity: | -$2.06 | |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company owns and operates full service family care centers which provide developmentally appropriate educational programs and activities for infants and toddlers, preschoolers, kindergartners, and the elderly. In addition to this "intergenerational" program, the company plans to offer a mildly ill program at all new centers which will provide care for children whose parents must work when the child, due to minor illness, cannot attend the usual child care program. The company currently operates 11 centers in geographic areas which are demonstrating significant economic growth. These include the west end of Los Angeles County, Ventura County, and southern Orange County, California, as well as the greater Denver, Colorado area. Each of these locales generally enjoys economic expansion from service based or technology based industry. The company was founded on the principle that early childhood years are the most important in shaping the personality and intelligence of the child. Consequently, the company is committed to meeting the emotional, social and intellectual needs of the young child by offering well-balanced programs with sufficient structure for security and health, yet enough freedom for creativity. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for repayment of debt, equipping new centers, acquisition ore development of new centers, working capital and general corporate purposes. |
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