| Ticker: FUNT | 290 Wild Avenue | |
| Exchange: NASDAQ-Small Cap Market | Staten Island, New York 10314 | |
| Industry: Service | (718) 761-6100 |
| Type of Shares: | Common Shares | Filing Date: | 12/28/95 | |
| U.S. Shares: | 1,250,000 | Offer Date: | 7/30/96 | |
| Non-U.S. Shares: | 0 | Filing Price: | $5.25 | |
| Primary Shares: | 800,000 | Offer Price: | $6.25 | |
| Secondary Shares: | 450,000 | Gross Spread: | $0.63 | |
| Offering Amount: | $6,562,500 | Selling: | $0.13 | |
| Expenses: | $445,000 | Reallowance: | ||
| Shares Out After: | 2,676,000 |
| Manager | Tier | Phone |
| State Street Securities | Lead Manager |
| Auditor: Eisner, Richard A. | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 3/31/96 | 3/31/96 | ||||
| Revenue: | $0.90 | Assets: | $1.15 | ||
| Net Income: | -$0.34 | Liabilities: | $0.47 | ||
| EPS: | -$0.19 | Equity: | $0.68 | ||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company operates entertainment centers for children, from toddlers to pre-teenagers. The Staten Island Fun Bubble was constructed under a pneumatic translucent dome with 40 foot ceiling heights, similar to those used for indoor tennis courts, which offers customers an open air climatically controlled environment for all seasons. Under the dome is play center which includes athletic games, games of skill and a three level soft sculptured modular foam play maze. The facility also has private party rooms, a snack bar and a sound proof adult lounge. The Company has programs for toddler pre-schoolers which are designed to initiate a child's interaction with his parent/guardian and with other children. All the activities are designed with safety in mind and are continuously supervised by the company's trained employees. |
| Use of Proceeds |
| The proceeds from the offering will be used to construct additional facilities, purchase equipment for those facilities, renovate current facilities, hire additional employees, retire debt from the purchase of prior play equipment and for working capital. |
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