| Proposed Ticker: AICI | 14603 Chrisman | |
| Exchange: NASDAQ-Small Cap Market | Houston, Texas 77039 | |
| Industry: Construction | (713) 449-9000 |
| All share information is proposed | ||||
| Type of Shares: | Common Shares | Filing Date: | 8/5/96 | |
| U.S. Shares Filed: | 900,000 | Filing Price: | $5.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $4,500,000 | |
| Primary Shares: | 900,000 | Expenses: | - | |
| Secondary Shares: | 0 | Shs Out After: | 3,800,100 | |
| Manager | Tier | Phone |
| Dalton Kent Securities Group, Inc. | Lead Manager | |
| I.A. Rabinowitz & Co. | Co-manager | (212) 425-0037 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 4/30/96 | 4/30/96 | ||||
| Revenue: | $31.19 | Assets: | $7.35 | ||
| Net Income: | $0.35 | Liabilities: | $7.57 | ||
| EPS: | $0.15 | Equity: | -$0.22 | ||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| American International Consolidated Inc. is a manufacturer and general contractor that focuses primarily on three types of construction products: mini-warehouses and self-storage facilities;metal buildings and structural steel projects;and cold storage. The company's services range from the start, or construction design, phase to the finish, or erection, phase of a project, including general construction, construction management, design, manufacture, building, and turnkey services. The company selects, coordinates and manages subcontractors for substantially all phases of the work, except for design, erection and manufacture of certain metal building components. The company also provides oversight and supervision of the entire construction process for each project. The company intends to take advantage of its increased capital and improved financial condition resulting from its Offering. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used primarily for establishing an in-house trim shop, expanding the capability of the company's metal buildings production facility, undertaking additional marketing activities, payment of outstanding indebtedness, and increasing working capital, which is anticipated to enable the company to increase its bonding line. |
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