| Apollo International of Delaware, Inc. | |||
| Ticker: | AIOD | 6542 U.S. Highway 41, Suite 215 | |
| Exchange: | NASDAQ-Small Cap Market | Apollo Beach, FL 33572 | |
| Industry: | Manufacturing (SIC Code 3625) | (813) 645-7677 | |
| Type of Shares: | Common Shares | Filing Date: | 12/17/96 | |
| U.S. Shares: | 800,000 | Offer Date: | 7/11/97 | |
| Non-U.S. Shares: | 0 | Filing Price: | $5.00 | |
| Primary Shares: | 800,000 | Offer Price: | $5.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.50 | |
| Offering Amount: | $4,000,000 | Selling: | ||
| Expenses: | $428,000 | Reallowance: | ||
| Shares Out After: | 3,499,786 |
| Manager | Tier | Phone |
| May Davis Group, Inc. | Lead Manager |
| Issuer's Law Firm: | Greenberg Traurig Hoffman Lipoff Rosen & Quentel |
| Bank's Law Firm: | Gersten, Savage, Kaplowitz & Curtin |
| Auditor: | Most Horowitz & Company, LLP |
| Registrar/Transfer Agent: | Affiliated Stock Transfer Company |
Dollar amounts in U.S. millions except for per share data | |||||
| 10 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 10/31/96 | 10/31/95 | 10/31/96 | ||
| Revenue: | $0.00 | $0.00 | $0.00 | Assets: | $0.80 |
| Net Income: | -$0.57 | -$1.29 | -$0.43 | Curr Assets: | |
| EPS: | -$0.41 | -$0.57 | -$0.37 | Liabilities: | $0.47 |
| Prior EPS: | -$0.02 | -$1.32 | -$0.54 | Curr Liabilities: | |
| Cash Flow/Oper: | -$0.66 | Equity: | $0.32 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is a development stage company formed in Delaware in November, 1994. the company's objective is to integrate new computer and fiber optics technologies into electric power protection and control products for industry and electric utilities. The company is developing is developing concurrently two product lines, the first of which is designed to monitor motors used by industrial users, and the second of which, is designed to monitor electric power transmission for industrial users and electric utilities. The target market for the motor protection and control product line is industrial end users such as steel mills, mining operations, pulp and paper mills, and petrochemical companies. The NOVA product line is designed for the utility substation marketplace which includes public and investor owned utilities, cogeneration facilities, and large industrial users who operate their own electric power substations. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for product development and engineering in the continuing design and testing of its products; equipment expenditures; marketing and selling costs associated with expansion of its domestic and international sales network; the design and development of marketing materials, the hiring of additional personal personnel; repayment of loans from, and payment of consulting fees to, officers, directors and/or principal shareholders of the company and working capital and general corporate purposes. |