| Paradise Music & Entertainment, Inc. | |||
| Ticker: | PDSE | 420 West 45th Street, 5th Floor | |
| Exchange: | NASDAQ-Small Cap Market | New York, NY 10036 | |
| Industry: | Service (SIC Code 7929) | (212) 957-9393 | |
| Type of Shares: | Common Shares | Filing Date: | 10/11/96 | |
| U.S. Shares: | 1,000,000 | Offer Date: | 1/22/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $6.00 - $7.00 | |
| Primary Shares: | 1,000,000 | Offer Price: | $6.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.60 | |
| Offering Amount: | $6,500,000 | Selling: | $0.30 | |
| Expenses: | $600,000 | Reallowance: | $0.10 | |
| Shares Out After: | 2,072,000 |
| Manager | Tier | Phone |
| Donald & Co. Securities Inc. | Lead Manager | (212) 872-2000 |
| Issuer's Law Firm: | Rubin Baum Levin Constant & Friedman |
| Bank's Law Firm: | Parker Duryee Rosoff & Haft |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 6/30/96 | 6/30/96 | ||||
| Revenue: | $3.64 | Assets: | $0.33 | ||
| Net Income: | $0.08 | Curr Assets: | |||
| EPS: | $0.08 | Liabilities: | $0.19 | ||
| Prior EPS: | -$0.10 | Curr Liabilities: | |||
| Cash Flow/Oper: | Equity: | $0.14 | |||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is a music and entertainment company focused on providing music driven content for the expanding music and entertainment industry. The company's current businesses include: the production of original music stores and advertising themes for television, radio and film; the production of music videos and music specials for television; and music artist management. The company's operations are currently conducted through its three wholly-owned operating subsidiaries: Rave, Picture Vision, and All Access. The company provides a range of in-house products and services necessary for music driven content production which range of in-house products and services are not typically provided by other independent music companies. |
| Competition |
| The company currently competes with numerous other businesses and individuals who produce original music scores and advertising themes for television, radio film, produce music videos and music specials for television and provide music artist management. Currently, the production of original music scores and advertising themes for television, radio and film, the production of music videos and music video specials for television, and music artist management are carried out by individuals and/or small privately held niche companies. Generally, each such individual and/or small company engages in only one of the business. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for the establishment of the company's recorded music business, the acquisition program, expanding existing businesses, the purchase of new equipment, and working capital and general corporate purposes. |