| Proposed Ticker: TEPI | 3300 University Drive, Suite 001 | |
| Exchange: NASDAQ-National Market | Coral Springs, Florida 33065 | |
| Industry: Construction | (954) 346-9700 |
| All share information is proposed | ||||
| Type of Shares: | Common Shares | Filing Date: | 8/16/96 | |
| U.S. Shares Filed: | 2,500,000 | Filing Range: | $9.00 - $11.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $25,000,000 | |
| Primary Shares: | 2,250,000 | Expenses: | - | |
| Secondary Shares: | 250,000 | Shs Out After: | 9,775,419 | |
| Manager | Tier | Phone |
| Cruttenden Roth Incorporated | Lead Manager | (800) 678-9147 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 6/30/96 | 6/30/96 | ||||
| Revenue: | $105.67 | Assets: | $97.18 | ||
| Net Income: | $4.59 | Liabilities: | $65.99 | ||
| EPS: | $0.61 | Equity: | $31.19 | ||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is a diversified real estate company engaged primarily in the acquisition of land and the construction and sale of quality, single-family and multi-family homes for the move-up and senior home-buying markets in the State of Florida. The company utilizes standardized methodologies and a systematic approach to the operation of its business. This process begins with Transeastern's disciplined approach to the acquisition of parcels of land through a rigorous evaluation of each parcel to determine whether it satisfies the company's quantitative and qualitative acquisition criteria. This process continues with the construction of homes in a variety of designs with standardized option packages in order to cost-effectively build homes of superior value. This process culminates with the utilization of innovative marketing and sales programs and procedures. The company believes that its disciplined approach coupled with its emphasis on customer satisfaction, quality, value and pride in workmanship are largely responsible for its growth. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for the redemption of all issued and outstanding Series A Preferred Stock and Series B Preferred Stock, the purchase of minority interests in the company's joint ventures and limited partnerships, the repayment of existing indebtedness, working capital and general corporate purposes. |
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