| Ticker: HIRL | 19599 N.E. 10th Avenue, Suite A | |
| Exchange: Over-the-Counter Market | North Miami Beach, Florida 33179 | |
| Industry: Financial | (305) 653-7090 |
| Type of Shares: | Common Shares | Filing Date: | 5/13/96 | |
| U.S. Shares: | 1,075,000 | Offer Date: | 7/22/96 | |
| Non-U.S. Shares: | 0 | Filing Price: | $5.50 | |
| Primary Shares: | 925,000 | Offer Price: | $6.00 | |
| Secondary Shares: | 150,000 | Gross Spread: | $0.60 | |
| Offering Amount: | $5,912,500 | Selling: | $0.20 | |
| Expenses: | $473,000 | Reallowance: | $0.20 | |
| Shares Out After: | 4,675,000 |
| Manager | Tier | Phone |
| Biltmore Securities | Lead Manager | (800) 944-4490 |
| Auditor: Moore Stephens, P.C. | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $22.45 | $6.99 | $7.08 | Assets: | $3.95 |
| Net Income: | -$1.60 | $0.02 | -$0.40 | Liabilities: | $2.58 |
| EPS: | -$0.43 | $0.01 | -$0.11 | Equity: | $1.38 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company was incorporated for the purpose of acquiring the businesses of Hirel Marketing Inc and Hirel Technologies Inc. The company is a distributor of mircocomputer hardware, peripherals and related communication products. Hirel Holdings, Inc. was incorporated in the State of Delaware on May 1, 1996 for the purpose of acquiring the businesses of Hirel MArketing, Inc., a Florida corporation and Hirel technologies, Inc., a Florida corporation which is a successor to Hirel Technologies, Ltd., a Florida limited partnership. To date , the company's operations have consisted of entering into Share Exchange Agreements to acquire HMI and HTI and taking steps preparatory to the offering contemplated by their Prospectus. Although the company has no current source of revenue, upon completion of the Share Exchange Agreements and the related acquisitions of HMI and HTI. It is intended that HMI and HTI will operate as wholly-owned subsidiaries of the company. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for research and development, marketing and sales, expansion and consolidation of leasehold facilities, inventory, equipment and for working capital. |
©1996 IPO Data Systems, Inc. - All rights reserved.