| Ticker: AMTZ | 2001 Marcus Boulevard | |
| Exchange: NASDAQ-Small Cap Market | Lake Success, New York 11042 | |
| Industry: Transportation | (516) 326-9000 |
| Type of Shares: | Common Shares | Filing Date: | 5/15/96 | |
| U.S. Shares: | 2,000,000 | Offer Date: | 6/28/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $6.00 - $7.00 | |
| Primary Shares: | 2,000,000 | Offer Price: | $6.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.48 | |
| Offering Amount: | $13,000,000 | Selling: | $0.22 | |
| Expenses: | $988,000 | Reallowance: | $0.10 | |
| Shares Out After: | 5,626,504 |
| Manager | Tier | Phone |
| GKN Securities | Lead Manager | (212) 509-3800 |
| Auditor: Arthur Andersen | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 2/7/96 | ||
| Revenue: | $38.21 | $13.49 | $9.02 | Assets: | $21.11 |
| Net Income: | $3.40 | -$0.74 | $0.21 | Liabilities: | $23.47 |
| EPS: | -$0.69 | -$0.33 | Equity: | -$2.35 | |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| Amertranz Worldwide Holding Corp. ("Company"), through its wholly owned subsidiaries, Amertranz Worldwide, Inc. ("Amertranz") and Caribbean Air Services, Inc. ("CAS"), is a provider of freight forwarding services. The Company also recently began providing logistics services. Since commencement of its predecessors' operations in 1985, the Company has grown to a network of offices in 25 cities throughout the United States and Puerto Rico. The Company believes that it is one of the dominant freight forwarders between the continental United States and Puerto Rico. The Company's freight forwarding services involve all aspects of the transport of customers' freight from the shippers' locations to the designated recipient, including the preparation of shipping documents and the providing of handling, packing and containerization services. The Company concentrates on cargo shipments weighing more than 50 pounds and generally requiring second-day delivery. The Company believes that this segment of the freight forwarding market will experience continued growth. The Company's logistics services provide inventory maintenance and shipping logistics for large manufacturing companies, and consist of providing total transportation requirements for a customer, including shipment in and out of warehouse, warehousing of customer inventory, individual order organizing for shipment, and order packing and shipping. |
| Use of Proceeds |
| The Company intends to apply the net proceeds of the Offering approximately as follows: (i) $4,088,000 for the repayment of principal and accrued interest on the promissory notes issued in connection with the Bridge Financings; (ii) $2,000,000 in partial repayment of a promissory note made in connection with the February 1996 Combination; (iii) $370,000 for the repayment of principal and accrued interest on the promissory notes issued in connection with the Interim Financing; (iv) $1,000,000 to repay overdue trade payables; and (v) $1,482,000 for working capital and general corporate purposes. |
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