| Ticker: EHST | One Lovell Avenue | |
| Exchange: NASDAQ-National Market | Mill Valley, California 94941 | |
| Industry: Manufacturing | (415) 380-8200 |
| Type of Shares: | Common Shares | Filing Date: | 3/25/96 | |
| U.S. Shares: | 2,600,000 | Offer Date: | 5/22/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $8.00 - $10.00 | |
| Primary Shares: | 2,600,000 | Offer Price: | $8.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.56 | |
| Offering Amount: | $23,400,000 | Selling: | $0.31 | |
| Expenses: | $905,000 | Reallowance: | $0.10 | |
| Shares Out After: | 5,560,495 | |||
| Spin out parent firm: | Intertec Holdings, L.P. | |||
| Manager | Tier | Phone |
| Rodman & Renshaw, Inc. | Lead Manager | (312) 977-7824 |
| Sands Brothers & Co., Ltd. | Co-manager | (212) 697-5200 |
| Auditor: Deloitte & Touche | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $8.07 | $28.48 | $0.00 | Assets: | $42.81 |
| Net Income: | -$1.38 | -$0.72 | -$0.11 | Liabilities: | $36.76 |
| EPS: | -$0.34 | -$0.18 | -$0.03 | Equity: | $6.05 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company develops, formulates, manufactures and markets personal hair care products. The company is developing a new technology, which it calls resonance frequency transfer, which combines electronics and chemicals to style, color and condition hair. The Company's brand names include Permasoft, Salon Style, Pativa, Nucleic A, Apple Pectin and Vita/E. The Company also contract manufactures a variety of household cleaning and hair care aerosol sprays and liquid products. The Company believes its Lamaur division was among the ten largest manufacturers in the United States in 1995 in three categories of hair care products - shampoos, conditioners and styling aids. The Company's EHS Laboratories division is engaged in the early stages of research and development with respect to a new hair styling concept. |
| Use of Proceeds |
| Proceeds from the offering will be used to initially repay the principal amount of revolving credit indebtedness incurred with the November 1995 acquisition of Lamaur and for working capital and general corporate purposes. |
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