| Ticker: GPLB | 3000 Pacific Avenue | |
| Exchange: NASDAQ-National Market | Long Beach, California 90806 | |
| Industry: Service | (310) 981-2600 |
| Type of Shares: | Common Shares | Filing Date: | 5/23/96 | |
| U.S. Shares: | 1,350,000 | Offer Date: | 6/24/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $9.00 - $11.00 | |
| Primary Shares: | 1,350,000 | Offer Price: | $10.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.75 | |
| Offering Amount: | $13,500,000 | Selling: | $0.43 | |
| Expenses: | $421,953 | Reallowance: | $0.10 | |
| Shares Out After: | 3,640,590 |
| Manager | Tier | Phone |
| Van Kasper & Company | Lead Manager | (415) 391-5600 |
| L.H. Friend & Company | Co-manager | (714) 852-8109 |
| Auditor: Arthur Andersen | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 6/30/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $11.63 | $2.12 | $1.02 | Assets: | $10.74 |
| Net Income: | $1.01 | -$1.11 | -$0.88 | Liabilities: | $8.57 |
| EPS: | $0.51 | -$0.55 | -$0.43 | Equity: | $2.17 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is the developer, owner and operator of the Toyota Grand Prix of Long Beach, a temporary circuit professional motorsports event that has been run in the streets of Long Beach since 1975. Motorsports is among the most popular and fastest growing spectator sports in the United State, and the Grand Prix Indy Car race , which is currently part of the PPG Indy Car World sanctioned by Championship Auto Racing Teams, Inc., is one of the motorsport's industry's premier annual events. The Grand Prix weekend has the second highest paid attendance of any Indy car motorsports event, surpassed only by the Indianapolis 500. The Grand Prix weekend has attracted in excess of 200,000 paid spectators in each of the past five years, and is currently televised to over 125 countries throughout the world. More than 80% of the company's annual revenues over each of the past three years have ben derived from ticket sales, hospitality, sponsorships, merchandising, concessions, television production services and other related event revenues from the Grand Prix. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to pay for the purchase of the Memphis facility, for certain improvements to the Gateway and the Memphis facilities, and for working capital purposes. |
©1996 IPO Data Systems, Inc. - All rights reserved.