| Ticker: HMAT | Old Country Road P.O. Box 539 | |
| Exchange: NASDAQ-Small Cap Market | Quogue, New York 11959 | |
| Industry: Construction | (516) 653-3303 |
| Type of Shares: | Common Shares | Filing Date: | 5/10/96 | |
| U.S. Shares: | 750,000 | Offer Date: | 9/9/96 | |
| Non-U.S. Shares: | 0 | Filing Price: | $5.75 | |
| Primary Shares: | 750,000 | Offer Price: | $5.75 | |
| Secondary Shares: | 0 | Gross Spread: | $0.57 | |
| Offering Amount: | $4,312,500 | Selling: | $0.20 | |
| Expenses: | $439,375 | Reallowance: | ||
| Shares Out After: | 2,500,000 |
| Manager | Tier | Phone |
| Biltmore Securities | Lead Manager | (800) 944-4490 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 6/30/96 | 6/30/95 | 6/30/96 | ||
| Revenue: | $2.32 | $0.69 | $2.06 | Assets: | $3.54 |
| Net Income: | $0.14 | -$0.19 | $0.24 | Liabilities: | $3.64 |
| EPS: | $0.08 | -$0.11 | Equity: | -$0.11 | |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company, incorporated on December 14, 1995, a Delaware corporation, is a construction, architectural and landscape design and real estate development firm based in Long Island, New York. The company builds custom homes on either the client's land or on properties owned or controlled by entities affiliated with the company. The company also builds commercial and residential rental properties. The company also offers interior design, renovation and restoration services to its clients. In addition, the company owns undeveloped land, storage facilities containing 115 units, rental properties and is involved in real estate development projects. Over the past ten years, the company has focused its efforts in the Suffolk County area of eastern Long Island, New York, where it has built approximately 150 single-family homes as well as such commercial/public projects as the 6,000 square feet center of Jewish Life in Westhampton Beach, the Hampton Synagogue. The company is currently constructing a 14 unit luxury condominium in Westhampton Beach on a 10 acre bayfront property on Dune Road consisting of club house, 6 tennis courts, pool, patio, beach access and 30 boat slips. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for general corporate purposes. |
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