| Proposed Ticker: IDCO | 342 Madison Avenue, Suite 1034 | |
| Exchange: NASDAQ-Small Cap Market | New York, New York 10173 | |
| Industry: Manufacturing | (212) 682-2244 |
| All share information is proposed | ||||
| Type of Shares: | Common Shares | Filing Date: | 7/10/96 | |
| U.S. Shares Filed: | 3,100,000 | Filing Price: | $3.50 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $10,850,000 | |
| Primary Shares: | 2,500,000 | Expenses: | - | |
| Secondary Shares: | 600,000 | Shs Out After: | 10,400,000 | |
| Manager | Tier | Phone |
| Stratton Oakmont Inc. | Lead Manager | (516) 358-1800 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/96 | |||
| Revenue: | $0.00 | $0.00 | Assets: | $1.14 | |
| Net Income: | -$0.17 | -$0.21 | Liabilities: | $4.52 | |
| EPS: | -$0.02 | -$0.03 | Equity: | -$3.38 | |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company was formed primarily for the purpose of commercializing and marketing certain proprietary and patented delivery and dispensing technologies. These technologies, when utilized in dispensing flowable food and beverage products, are designed to maintain the sterility, purity and freshness of such product throughout the period of time it is being consumed, with the possibility of eliminating or reducing the need for adding preservatives to the product to keep it fresh and/or refrigeration throughout its use life. The company will focus its marketing activities on the application of the RESEAL Technologies in the Field of Use set forth in that certain Amended and Restated License Agreement between the company and ReSeal International Corporation, a Florida corporation, which encompasses the food and beverage industries as broadly defined. Within such categories, the applications of the licensed technologies can be divided into a number of potential markets, including but not limited to the following: (i) beverages, which include milk/cream, coffee, tea (hot and cold), hot chocolate, juices, sweeteners, baby formula, baby food (in puree form), wines and water; (ii) foods, which include soups, liquid eggs, liquid butter, sauces, yogurt, melted cheese (nachos), baby foods and hot toppings in liquid form; and (iii) condiments, which include ketchup, barbecue sauce, mayonnaise, salad dressings, oils and mustard. |
| Use of Proceeds |
| Proceeds from the proposed offering will be used to repay certain indebtedness, to pay licensing fees and for general corporate purposes. |
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