| Proposed Ticker: BEVI | 11210 Huron Street, Suite 200 | |
| Exchange: NASDAQ-Small Cap Market | Northglenn, Colorado 80234 | |
| Industry: Manufacturing | (303) 449-3652 |
| All share information is proposed | ||||
| Type of Shares: | Common Shares | Filing Date: | 7/2/96 | |
| U.S. Shares Filed: | 1,750,000 | Filing Range: | $6.00 - $7.75 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $12,031,250 | |
| Primary Shares: | 1,750,000 | Expenses: | $712,800 | |
| Secondary Shares: | 0 | Shs Out After: | 10,595,890 | |
| Manager | Tier | Phone |
| National Securities Corp. | Lead Manager | (206) 622-7200 |
| La Jolla Securities, Inc. | Co-manager | (619) 456-8200 |
| Lumiere Securities, Inc. | Co-manager |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $3.82 | $0.76 | $0.52 | Assets: | $9.50 |
| Net Income: | -$4.27 | -$1.05 | -$0.53 | Liabilities: | $9.93 |
| EPS: | -$0.47 | -$0.11 | -$0.06 | Equity: | -$0.43 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company, formed in Colorado in 1992, initially engaged in the bottling and sale of water. In April 1995, the nature of the company changed when the company acquired the Cold Spring Brewing company whose chief asset is the Cold Spring brewery in Cold Spring, Minnesota. This brewery, operating continuously for 122 years, is built over the locally renowned Cold Spring water source which is used for the brewery's production. The brewery can annually produce 150,000 barrels of beer and 3.7 million cases of nonalcoholic beverages such as waters, teas and soft drinks. The size and configuration of the brewery allow it to produce small batches of craft beers and to change quickly the type of product produced with minimal disruption. The company's principal emphasis today is on the brewing bottling and sale of craft beer, while continuing to produce nonalcoholic beverages. |
| Use of Proceeds |
| Proceeds from the proposed offering will be used for repayment of debt, payment of certain current liabilities, purchase equipment, product marketing, working capital and conversion of preferred stock. |
©1996 IPO Data Systems, Inc. - All rights reserved.