| Ticker: CIGR | 6265 S.W. Eighth Street | |
| Exchange: NASDAQ-Small Cap Market | Miami, Florida 33144 | |
| Industry: Manufacturing | (305) 267-6026 |
| Type of Shares: | Common Shares | Filing Date: | 5/24/96 | |
| U.S. Shares: | 1,175,000 | Offer Date: | 8/1/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $7.00 - $10.00 | |
| Primary Shares: | 1,175,000 | Offer Price: | $7.00 | |
| Secondary Shares: | 0 | Gross Spread: | ||
| Offering Amount: | $9,987,500 | Selling: | ||
| Expenses: | - | Reallowance: | ||
| Shares Out After: | 4,753,698 |
| Manager | Tier | Phone |
| Barron Chase Securities, Inc. | Lead Manager | (800) 678-3022 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 3/31/96 | 3/31/96 | ||||
| Revenue: | $0.82 | Assets: | $10.62 | ||
| Net Income: | -$0.52 | Liabilities: | $0.36 | ||
| EPS: | -$0.20 | Equity: | $10.25 | ||
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 vertically integrated manufacturer, distributor and retailer of premium cigars. Premium cigars generally defined according to three criteria: i) the cigars are made completely by hand; ii) the cigars consist of long filler tobacco; and iii) the cigars retail at a price range from $1 to more than $20 each. The company's cigars are hand produced, using fine aged tobacco and traditional rolling techniques. The company's premium cigars are sold under the brand names of Santiago Cabana, Havana Classico and Calle Ocho. The company also markets three flavored cigars, the Rum Runner, West Indies Vanilla and Island Amaretto, which uses premium tobacco and are flavored with rum, vanilla and amaretto extracts. The company commenced operations in 1994 with the opening, by a predecessor company, of a cigar store in Key Largo, Florida. In early 1996, the company opened a second retail store in the South Beach section of Miami Beach, Florida. A third retail store in Key West, Florida is presently under construction and is scheduled to be opened in mid 1996. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for working capital and general corporate purposes including the expansion of its manufacturing facilities. |
©1996 IPO Data Systems, Inc. - All rights reserved.