| Ticker: CREG | 13845 Artesia Boulevard | |
| Exchange: NASDAQ-Small Cap Market | Cerritos, California 90703-9000 | |
| Industry: Manufacturing | (310) 926-9944 |
| Type of Shares: | Common Shares | Filing Date: | 3/1/96 | |
| U.S. Shares: | 1,262,500 | Offer Date: | 5/21/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $6.50 - $7.50 | |
| Primary Shares: | 1,262,500 | Offer Price: | $5.50 | |
| Secondary Shares: | 0 | Gross Spread: | $0.47 | |
| Offering Amount: | $8,837,500 | Selling: | $0.24 | |
| Expenses: | $650,000 | Reallowance: | $0.10 | |
| Shares Out After: | 3,396,941 |
| Manager | Tier | Phone |
| Boston Group | Lead Manager | (800) 382-3220 |
| Auditor: Arthur Andersen | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $88.68 | $12.83 | $13.11 | Assets: | $28.24 |
| Net Income: | $0.79 | -$0.55 | -$0.68 | Liabilities: | $23.85 |
| EPS: | $0.33 | -$0.26 | Equity: | $4.39 | |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is a designer and manufacturer of consumer electronics products under the brand name of "Craig". The Company offers value-oriented products under its trademark with features that the Company believes are comparable to those of its higher priced competitors. The Company's products are sold through over 200 retailers with approximately 15,000 retail outlets, including major chains, such as Best Buy, Circuit City, Thrifty Payless, Rex, Incredible Universe, Nobody Beats the Wiz, and Rite Aid, and other mass merchandisers, such as Montgomery Ward and Price Costco. The Company also sells through catalog and direct marketing organizations, such as QVC Network, Spiegel Catalog, and Amway. In recent years, the Company has emphasized the design and marketing of home and mobile audio electronic products and portable audio products. The Company has realized gross margins exceeding 17% in each of the last three years on sales of its audio electronic products. |
| Use of Proceeds |
| Proceeds from the offering will be used for the repayment of debt. |
©1996 IPO Data Systems, Inc. - All rights reserved.