| Ticker: TOUR | 4801 Woodway, Suite 300E | |
| Exchange: NASDAQ-National Market | Houston, Texas 77056 | |
| Industry: Transportation | (888) 262-2487 |
| Type of Shares: | Common Shares | Filing Date: | 3/22/96 | |
| U.S. Shares: | 3,600,000 | Offer Date: | 5/14/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $12.00 - $14.00 | |
| Primary Shares: | 3,600,000 | Offer Price: | $14.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.98 | |
| Offering Amount: | $46,800,000 | Selling: | $0.56 | |
| Expenses: | $3,600,000 | Reallowance: | $0.10 | |
| Shares Out After: | 10,865,411 |
| Manager | Tier | Phone |
| Alex. Brown & Sons Incorporated | Lead Manager | (410) 727-1700 |
| Smith Barney Inc. | Co-manager | (718) 921-8473 |
| Auditor: Arthur Andersen | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 12/31/95 | ||||
| Revenue: | $113.59 | Assets: | $79.36 | ||
| Net Income: | $6.05 | Liabilities: | $54.65 | ||
| EPS: | $0.67 | Equity: | $24.71 | ||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company will be the largest provider of motorcoach charter, tour and sightseeing services and one of the five largest non-municipal providers of commuter and transit motorcoach services in the United States upon consummation of the Mergers. The company does not provide regularly scheduled, long-haul intercity bus service like Greyhound Lines, Inc. and does not intend to do so. During 1995, company vehicles traveled over 40 million miles, and the company provided service to more than 40 million passengers through a fleet of over 760 motorcoaches and other high occupancy vehicles. The company's charter and tour fleet features luxury, European style motorcoaches with plush seats, televisions, VCRs and other amenities. The company was founded in September 1995 to create a nationwide motorcoach service provider. Although its has conducted no operations to date, the company has entered into agreements to acquire, simultaneously with the closing of this Offering, the six Founding Companies. |
| Use of Proceeds |
| The proceeds from the offering will be used to pay the cash portion of the purchase price for the Founding Companies, to repay indebtedness and for general corporate purposes, including future acquisitions. |
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