| Ticker: MANS | 8425 S.W. 129th Terrace | |
| Exchange: NASDAQ-Small Cap Market | Miami, Florida 33156 | |
| Industry: Manufacturing | (305) 232-6768 |
| Type of Shares: | Common Shares | Filing Date: | 7/23/96 | |
| U.S. Shares: | 1,000,000 | Offer Date: | 9/27/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $7.00 - $8.00 | |
| Primary Shares: | 1,000,000 | Offer Price: | $7.50 | |
| Secondary Shares: | 0 | Gross Spread: | $0.69 | |
| Offering Amount: | $7,500,000 | Selling: | $0.40 | |
| Expenses: | $465,750 | Reallowance: | $0.10 | |
| Shares Out After: | 4,351,309 |
| Manager | Tier | Phone |
| First Allied Securities, Inc. | Lead Manager | (619) 702-9600 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 6/30/96 | 6/30/95 | 6/30/96 | ||
| Revenue: | $0.00 | $0.00 | $0.00 | Assets: | $1.56 |
| Net Income: | -$1.54 | -$1.49 | -$0.68 | Liabilities: | $1.58 |
| EPS: | -$0.66 | -$0.53 | -$0.34 | Equity: | -$0.01 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| Mansur Industries Inc. has developed and obtained patent protection with respect to a full line of self-contained, recycling industrial parts washers that incorporate innovative, proprietary waste minimization technologies. Focusing on waste minimization rather than its removal and recovery, the company believes that its equipment will have a major impact on the industrial parts cleaning industry and will have a broad appeal to customers, because its equipment, unlike the machines now in use, facilitates efficient and economical compliance with environmental regulations, minimizes waste disposal requirements, enhances cleaning solution utilization, and increases worker safety and productivity. Most machinery and equipment require oil lubrication to function properly. Removal of lubrication oils from tools and parts during automotive, aviation, marine and general industrial maintenance, service and repair operations is typically effected through the use of mineral spirit solvents which become contaminated in the cleaning process. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to apply the net proceeds of the offering for the development of marketing, sales and service centers; the development of manufacturing capacity; purchase of raw materials and inventory; development of corporate headquarters and research and development facilities; and working capital and general corporate purposes. |
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