| Proposed Ticker: KATX | 415 N. Columbus Blvd | |
| Exchange: NASDAQ-Small Cap Market | Philadelphia, Pennsylvania 19123 | |
| Industry: Retail | (215) 629-7400 |
| All share information is proposed | ||||
| Type of Shares: | Common Shares | Filing Date: | 7/26/96 | |
| U.S. Shares Filed: | 2,500,000 | Filing Price: | $6.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $15,000,000 | |
| Primary Shares: | 2,500,000 | Expenses: | $500,000 | |
| Secondary Shares: | 0 | Shs Out After: | 4,000,000 | |
| Manager | Tier | Phone |
| National Securities Corp. | Lead Manager | (206) 622-7200 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $2.87 | $0.00 | $0.00 | Assets: | $1.59 |
| Net Income: | $0.16 | -$0.52 | -$0.16 | Liabilities: | $1.23 |
| EPS: | $0.07 | -$0.22 | -$0.06 | Equity: | $0.36 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company owns and operates a casual dining, outdoor, theme restaurant named "KatManDu". KatManDu-Philadelphia is located on the Delaware River waterfront in central Philadelphia and operates from mid April through mid September. KatManDu-Philadelphia, with its waterfront setting, casual atmosphere, live musical entertainment and dancing, is designed to replicate a mythical "tropical island paradise" vacation setting. The company has commenced development of a second KatManDu restaurant/nightclub, presently scheduled to open in January 1997. The company has entered into a 30-year lease for a 21,500 square foot site which includes a 10,000 square foot historic landmark building on the Delaware River front in Trenton, New Jersey. KatManDu-Trenton is located adjacent to an office park and the new Trenton Thunder baseball stadium. With a portion of the net proceeds of their Offering and the proceeds of a construction loan for which the company has already received a commitment, the company intends to develop this site into and indoor/outdoor KatManDu restaurant/nightclub which will operate year round. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to finance the development and opening of KatManDu-Trenton and one to two additional KatManDu restaurant/nightclubs in 1997 and two more in 1998, to repay the June 1996 Financing and certain other funded debt, to make the Final Distribution and to provide working capital. |
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