| Ticker: TRVS | 13045 Research Boulevard | |
| Exchange: NASDAQ-National Market | Austin, Texas 78750 | |
| Industry: Retail | (512) 250-8103 |
| Type of Shares: | Common Shares | Filing Date: | 5/7/96 | |
| U.S. Shares: | 1,750,000 | Offer Date: | 6/27/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $11.00 - $13.00 | |
| Primary Shares: | 1,312,500 | Offer Price: | $9.00 | |
| Secondary Shares: | 437,500 | Gross Spread: | $0.63 | |
| Offering Amount: | $21,000,000 | Selling: | $0.36 | |
| Expenses: | $447,500 | Reallowance: | $0.10 | |
| Shares Out After: | 3,996,006 |
| Manager | Tier | Phone |
| Robertson, Stephens & Company | Lead Manager | (415) 989-8500 |
| Principal/Eppler, Guerrin & Turner, Inc., The | Co-manager | (214) 880-9000 |
| Auditor: Ernst & Young | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 9/30/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $41.44 | $22.02 | $16.63 | Assets: | $41.90 |
| Net Income: | $2.05 | $0.24 | $0.10 | Liabilities: | $36.84 |
| EPS: | $0.76 | $0.09 | $0.04 | Equity: | $5.06 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is a leading multi-state superstore retailer of recreational boats, motors, trailers and related marine accessories in the southern United States. The company currently operates 12 superstores in Texas, Arkansas and Louisiana under the name Travis Boating Center. Founded in 1979 in Austin Texas, Travis Boats differentiates itself from competitors by providing customers a unique superstore shopping experience that showcases a broad selection of high quality boats, motors, trailers and marine products at firm, clearly posted low prices. Each superstore offers complete customer service, support, including in-house financing programs and full-service repair facilities staffed by factory-trained mechanics. The company sells approximately 40 different models of brand-name fishing, water-skiing and general recreational boats, along with motors, trailers, accessories and related equipment. |
| Use of Proceeds |
| The proceeds from the offering will be used for repayment of principal and interest on certain indebtedness including revolving lines of credit. |
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