International Heritage, Inc.
Proposed Ticker: - 2626 Glenwood Avenue, Suite 200
Exchange: NASDAQ-National Market Raleigh, North Carolina 27608
Industry: Wholesale (919) 571-4646

All share information is proposed
Type of Shares:Common Shares Filing Date:11/8/96
U.S. Shares Filed:2,500,000 Filing Price:$10.00
Non-U.S. Shares Filed:0 Offering Amount: $25,000,000
Primary Shares:2,500,000 Expenses:$157,405
Secondary Shares:0 Shs Out After:12,993,540

ManagerTierPhone
Win Capital, Inc.Lead Manager

Auditor: Eilers, Jones, Brown & Mcleod
Audited
Income
Latest
Unaudited
Income
Prior
Unaudited
Income
Balance
Sheet
7/31/96 7/31/96
Revenue:$19.08Assets:$3.21
Net Income:-$0.59Liabilities:$3.82
EPS:-$0.08Equity:-$0.61

Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year,
unaudited figures are partial year

Business Description
The company is principally engaged in the direct sale of fine 14K, 18K and 24K gold jewelry, precious stone jewelry and fine collectibles from some of the most prestigious manufacturers around the world. The fine collectibles are from manufacturers such as Waterford (crystal), Lalique (crystal), Lenox (crystal, china and silver), Mark Hopkins (bronze sculptures), Sorrent (Italian, hand-made music boxes), Mont Blanc (writing instruments), Lladro (Spanish porcelain, Coach Leather (handbags, briefcases, luggage, accessories, Chilmark (bronze sculptures), Marlene's Collection (Canadian collectible dolls), Swarovski (crystal) and Reed & Barton (silver & flatware).

Use of Proceeds
The proceeds from the proposed offering will be used for general corporate purposes.

Last updated: 11/16/96

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