| Ticker: SRGE | 1016 Grand Boulevard | |
| Exchange: NASDAQ-Small Cap Market | Deer Park, New York 11729 | |
| Industry: Wholesale | (516) 595-1818 |
| Type of Shares: | Common Shares | Filing Date: | 1/29/96 | |
| U.S. Shares: | 1,500,000 | Offer Date: | 7/31/96 | |
| Non-U.S. Shares: | 0 | Filing Price: | $3.20 | |
| Primary Shares: | 1,500,000 | Offer Price: | $3.20 | |
| Secondary Shares: | 0 | Gross Spread: | $0.29 | |
| Offering Amount: | $4,800,000 | Selling: | $0.14 | |
| Expenses: | $470,000 | Reallowance: | ||
| Shares Out After: | 4,598,958 |
| Manager | Tier | Phone |
| Maidstone Financial, Inc. | Lead Manager | (212) 832-6300 |
| Harriman Group, Inc. The | Co-manager | (516) 364-6700 |
| J. B. Sutton Group, Inc. | Co-manager |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 11/30/95 | 5/31/96 | 5/31/95 | 5/31/96 | ||
| Revenue: | $8.77 | $4.27 | $3.90 | Assets: | $3.05 |
| Net Income: | $0.05 | $0.07 | $0.06 | Liabilities: | $1.37 |
| EPS: | $0.02 | $0.02 | $0.03 | Equity: | $1.68 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company manufactures and supplies electronic products and components. These products include capacitors, which are electrical energy storage devices and discrete components, such ass semiconductor rectifiers, transistors and diodes, which are single function low power semiconductor products that are packaged alone as compared to integrated circuits such as microprocessors. The company's products that are packaged alone as compared to integrated circuits such as microprocessors. The company's products are typically utilized in the electronic circuitry of diverse products, including, but not limited to, automobiles, cellular telephones, computers, consumer electronics, garage door openers, household appliances, power supplies and smoke detectors. The company's products are sold to both original equipment manufacturers who incorporate them into their products and to distributors of Surge product lines. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for the expansion of its office and warehouse facilities and to open new facilities, for inventory, capital equipment, marketing, acquisition of product rights, working capital and other general corporate purposes. |
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