| Ticker: ACFF | 12528 Kirkham Court, Nos. 6 & 7 | |
| Exchange: NASDAQ-Small Cap Market | Poway, California 92064 | |
| Industry: Retail | (619) 679-3290 |
| Type of Shares: | Common Shares | Filing Date: | 12/6/95 | |
| U.S. Shares: | 1,400,000 | Offer Date: | 5/15/96 | |
| Non-U.S. Shares: | 0 | Filing Price: | $2.50 | |
| Primary Shares: | 1,400,000 | Offer Price: | $2.50 | |
| Secondary Shares: | 0 | Gross Spread: | $0.25 | |
| Offering Amount: | $3,500,000 | Selling: | ||
| Expenses: | $127,500 | Reallowance: | ||
| Shares Out After: | 2,845,567 |
| Manager | Tier | Phone |
| La Jolla Securities, Inc. | Lead Manager | (619) 456-8200 |
| First London Securities Corporation | Co-manager | (206) 220-0690 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $3.10 | $0.62 | $0.75 | Assets: | $1.19 |
| Net Income: | -$0.87 | -$0.23 | -$0.06 | Liabilities: | $1.86 |
| EPS: | -$2.11 | -$0.26 | -$0.07 | Equity: | -$0.67 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company sells gourmet coffee and related products to retail customers through sales concession stands in supermarkets in California. The company, as of January 31, 1996, had installed, and was maintaining and operating end-cap sales concessions at 66 supermarkets. During February 1996, eleven of these locations were closed for the purpose of relocating ten, six of which have been installed and the other four scheduled for installation by the end of September. An end-cap sales concession is a semi-circle structure that is constructed around the end of an aisle in a supermarket. These end-caps are normally placed in the heaviest traffic areas in the supermarket. Each concession offers approximately 35 varieties of fresh whole bean and pre-bagged whole-bean gourmet coffee, including flavored coffee, as well as related products and accessories. |
| Use of Proceeds |
| Proceeds from the proposed offering will be used to pay indebtedness, acquire or establish a coffee roaster, enhance distribution systems, purchase inventory and for working capital. |
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