| Ticker: KIDO | 611 Broadway, Suite 523 | |
| Exchange: NASDAQ-Small Cap Market | New York, New York 10022 | |
| Industry: Service | (212) 505-6605 |
| Type of Shares: | Common Shares | Filing Date: | 3/12/96 | |
| U.S. Shares: | 1,400,000 | Offer Date: | 6/24/96 | |
| Non-U.S. Shares: | 0 | Filing Price: | $5.00 | |
| Primary Shares: | 1,400,000 | Offer Price: | $5.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.50 | |
| Offering Amount: | $7,000,000 | Selling: | $0.20 | |
| Expenses: | $709,200 | Reallowance: | $0.10 | |
| Shares Out After: | 2,938,985 |
| Manager | Tier | Phone |
| Whale Securities Company | Lead Manager | (212) 484-2057 |
| Auditor: Goldstein Golub Kessler & Company | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 7/31/95 | 1/31/96 | 1/31/95 | 1/31/96 | ||
| Revenue: | $0.52 | -$0.56 | $0.37 | Assets: | $1.47 |
| Net Income: | -$1.92 | -$1.03 | -$0.82 | Liabilities: | $2.73 |
| EPS: | -$1.37 | -$0.72 | -$0.61 | Equity: | -$1.25 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| Kideo Productions, Inc. (the "Company") develops, manufactures and markets digitally personalized videos ("Kideos") for children. In Kideos, a child's face and spoken name are digitally placed by a personal computer into a story template stored as digital video, which is then output to analog video, allowing the child to become the star in a personalized VHS videocassette. Each of the Company's current Kideo titles has a playing time of approximately 20 minutes and is in video-picture book format (although, in the Company's latest product, the illustrated body of the child's character exhibits two-dimensional partial-motion animation). The Company currently offers four Kideo titles, each of which was developed by the Company and has a digital story template which utilizes content that is proprietary to the Company. In addition, a personalized Kideo is produced using the Company's proprietary computerized personalization production process. It is this production process -- a sophisticated technological system for the low cost, mass production of digitally personalized videos, implemented by the Company in the latter half of 1995 -- which the Company believes will provide it with a meaningful short- to near-term competitive advantage over new entrants into the emerging market for digitally personalized video products. The Company has filed two patent applications relating to this process with the United States Patent and Trademark Office. |
| Use of Proceeds |
| Proceeds from the proposed offering will be used for the repayment of bridge financings, and for product development, marketing, repayment of certain pre-existing obligations, capital expenditures, working capital and general corporate purposes. |
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