| Proposed Ticker: - | 122 East 42nd Street, Suite 1116 | |
| Exchange: NASDAQ-Small Cap Market | New York, New York 10168 | |
| Industry: Wholesale | (212) 986-6190 |
| All share information is proposed | ||||
| Type of Shares: | Common Shares | Filing Date: | 8/9/96 | |
| U.S. Shares Filed: | 1,000,000 | Filing Price: | $5.50 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $5,500,000 | |
| Primary Shares: | 1,000,000 | Expenses: | $375,000 | |
| Secondary Shares: | 0 | Shs Out After: | 2,150,000 | |
| Manager | Tier | Phone |
| State Street Securities | Lead Manager |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 6/30/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $29.55 | $22.91 | $22.14 | Assets: | $7.74 |
| Net Income: | $0.03 | $0.11 | $0.04 | Liabilities: | $3.24 |
| EPS: | $0.02 | $0.07 | $0.02 | Equity: | $4.50 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company was recently organized to acquire, integrate and operate seasoned companies operating in the floorcoverings industry. Simultaneously with the closing of this offering, the company will acquire from TDA Industries, Inc. all of the issued and outstanding capital stock of Cooper Flooring International, Inc., a Florida, founded in 1948, is engaged in the wholesale distribution of carpet, wood, laminate, ceramic tile and vinyl floorcoverings and padding and accessories throughout Florida, portions of Georgia and Alabama and, to a lesser extent, the Caribbean. Upon the consummation of the Acquisition, Cooper Florida will become a wholly-owned subsidiary of the company and will constitute the will become a wholly-owned subsidiary of the company and will constitute the sole operating business of the company until such time, if any, as the company consummates additional acquisitions. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to finance acquisitions of privately held companies operating in the floor coverings industry and for working capital purposes, including general corporate purposes of the company and for the working capital purposes of Cooper Florida. |
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