| Capital Beverage Corporation | |||
| Ticker: | CBEV | 1111 East Tremont Avenue | |
| Exchange: | NASDAQ-Small Cap Market | Bronx, NY 10460 | |
| Industry: | Wholesale (SIC Code 5181) | (718) 409-2337 | |
| Type of Shares: | Common Shares | Filing Date: | 8/12/96 | |
| U.S. Shares: | 800,000 | Offer Date: | 7/18/97 | |
| Non-U.S. Shares: | 0 | Filing Price: | $5.05 | |
| Primary Shares: | 800,000 | Offer Price: | $5.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.50 | |
| Offering Amount: | $4,040,000 | Selling: | ||
| Expenses: | $345,000 | Reallowance: | ||
| Shares Out After: | 2,040,909 |
| Manager | Tier | Phone |
| Investors Associates, Inc. | Lead Manager | (201) 646-9060 |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $6.93 | $2.50 | $1.72 | Assets: | $2.96 |
| Net Income: | -$0.31 | $0.03 | -$0.09 | Curr Assets: | |
| EPS: | -$0.25 | $0.01 | -$0.07 | Liabilities: | $1.21 |
| Prior EPS: | -$0.19 | Curr Liabilities: | |||
| Cash Flow/Oper: | Equity: | $1.75 | |||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company acquired from Consolidated Beverage Corporation the right to become the exclusive distributor for certain beer and malt liquor products manufactured by Pabst Brewing Company in Manhattan, Bronx, Queens, Staten Island, and Westchester County. The company, a Delaware corporation, was organized on December 5, 1995. The company acts as a master distributor for Pabst Products within the Territory, subject to policies and procedures determined by Pabst, so that all in-Territory orders for Pabst Products flow directly through the company. The company has established three geographical sectors within the Territory and entered into arrangements with three licensed independent depots to distribute the Pabst Products throughout the Territory. Except for company accounts, each depot is responsible for its own invoicing, employees and distribution of Pabst Products within its geographical sector. In June 1996, the company entered into an agreement and plan of merger with Vito Santoro, Inc., a New York wholesale and retail beverage distributor doing business under the tradename Caribe Beverages. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to provide working capital for acquisition of inventory and licensing of additional brands, to acquire beverage depots, to implement the company's marketing plan and for general corporate purposes. |
| # of Units: | 800,000 | |||
| Unit Ticker: | CBEVU | Unit Price: | $5.05 | |
| Warrant Ticker: | CBEVW | Warrant Price: | ||
| Warrant Exercise Date: | Warrant Exercise Price: | |||
| Warrant Expiration Date: | ||||
| Warrant Detachable: | Yes | Warrant Detach Date: | ||
| Warrant Callable: | No |