| Ticker: | DECG | 320 Washington Street | |
| Exchange: | Over-the-Counter Market | Mount Vernon, New York 10553 | |
| Industry: | Manufacturing | (914) 665-5400 |
| Type of Shares: | Common Shares | Filing Date: | 6/7/96 | |
| U.S. Shares: | 325,000 | Offer Date: | 11/12/96 | |
| Non-U.S. Shares: | 0 | Filing Price: | $5.00 | |
| Primary Shares: | 300,000 | Offer Price: | $10.00 | |
| Secondary Shares: | 25,000 | Gross Spread: | $1.00 | |
| Offering Amount: | $1,625,000 | Selling: | ||
| Expenses: | $675,000 | Reallowance: | ||
| Shares Out After: | 3,125,000 |
| Manager | Tier | Phone |
| VTR Capital, Inc. | Lead Manager | (303) 689-0562 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 3/31/96 | 3/31/96 | ||||
| Revenue: | $0.00 | Assets: | $3.36 | ||
| Net Income: | -$0.10 | Liabilities: | $0.25 | ||
| EPS: | -$0.04 | Equity: | $3.11 | ||
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 to acquire Artisan House, a manufacturer of sculptures, located in Los Angeles, California and founded in 1964. Artisan Acquisition Corporation, a Delaware corporation wholly owned by the company, was incorporated in March 1996 for the purpose of entering into an Asset Purchase Agreement with Artisan House, for the purpose of entering into an Asset Purchase Agreement with Artisan House, Inc. pursuant to which AAC has agreed to purchase substantially all of the operating assets, and assume certain liabilities, of Artisan House for an aggregate purchase price of $3,526,400 subject to certain adjustments. The company anticipates closing the Artisan House Transaction prior to, or contemporaneously with, the closing of this offering. Artisan House is engaged in the design, manufacturing and marketing of metal wall, table and freestanding sculptures. Management believes that Artisan House's products bridge the gap between high priced gallery art and mass produced decorative pieces. Artisan House products retail from approximately $100 to over $400. |
| Use of Proceeds |
| Proceeds from the proposed offering will be used for purchase of all of the operating assets and assumptions of certain liabilities of Artisan House, repayment of certain indebtedness and working capital. |
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