| Proposed Ticker: | NICH | 200 North Oak, P.O. Box 449 | |
| Exchange: | NASDAQ-Small Cap Market | Roanoke, Texas 76262 | |
| Industry: | Manufacturing | (817) 491-2770 |
| All share information is proposed | ||||
| Type of Shares: | Common Shares | Filing Date: | 12/12/96 | |
| U.S. Shares Filed: | 1,300,000 | Filing Price: | $5.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $6,500,000 | |
| Primary Shares: | 1,300,000 | Expenses: | $610,000 | |
| Secondary Shares: | 0 | Shs Out After: | 2,401,500 | |
| Manager | Tier | Phone |
| Sterling Foster & Co., Inc. | Lead Manager | (516) 843-8000 |
| 9 Month Ending Financials | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 9/30/96 | 9/30/95 | 9/30/96 | ||
| Revenue: | $0.61 | $0.91 | $0.39 | Assets: | $1.42 |
| Net Income: | $0.00 | -$0.14 | $0.04 | Liabilities: | $2.07 |
| EPS: | -$0.13 | $0.03 | Equity: | -$0.66 | |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company manufactures through third party contractors, and markets and distributes, non-prescription pharmaceutical and nutraceutical dietary supplement products. The company seeks to exploit product niches that have generally been overlooked or neglected by the major drug companies because of the relatively small perceived size of the market for such products. The company's current products are a patented, state-of-the-art, sustained release magnesium supplement marketed under the name Mag-Tab (R) SR, and a dietary fiber supplement marketed as Unifiber (R). The company markets its products to virtually all of the drug and dietary supplement wholesalers in the United States which, in turn, supply retail pharmacies, numerous state and federal institutions, and group and managed care purchasing organizations (GPOs) acting on behalf of hospitals, extended care facilities and nursing homes. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for marketing and advertising, repayment of indebtedness, hiring of additional personnel, product acquisition, research and development, and working capital. |
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