| Thermoenergy Corporation | |||
| Proposed Ticker: | THE | 323 Center Street, Suite 1300 | |
| Exchange: | American Stock Exchange | Little Rock, AK 72201 | |
| Industry: | Natural Resources | (501) 376-6477 | |
| Type of Shares: | Series A Common Shares | Filing Date: | 2/12/97 | |
| U.S. Shares Filed: | 1,600,000 | Filing Range: | $6.00 - $7.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $10,400,000 | |
| Primary Shares: | 1,600,000 | Expenses: | - | |
| Secondary Shares: | 0 | Shares Out After: | 4,806,965 |
| Manager | Tier | Phone |
| National Securities Corp. | Lead Manager | (800) 800-9217 |
| Issuer's Law Firm: | Waring Cox |
| Bank's Law Firm: | Camhy Karlinsky & Stein |
| Auditor: | Kemp & Company |
| Registrar/Transfer Agent: | ChaseMellon Shareholder Services, L.L.C. |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 9/30/96 | 9/30/96 | ||||
| Revenue: | $0.00 | Assets: | $0.17 | ||
| Net Income: | -$0.55 | Curr Assets: | |||
| EPS: | -$0.01 | Liabilities: | $1.87 | ||
| Prior EPS: | -$0.01 | Curr Liabilities: | |||
| Cash Flow/Oper: | Equity: | -$1.69 | |||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is the exclusive worldwide (except Japan) licensee for certain environmental technologies developed by Battelle Memorial Institute an independent research and development organization. These technologies are primarily aimed at solving waste water problems. The company intends to sell equipment and services to government and industrial users, sublicense its technologies to industrial users, or build, own and operate municipal and/or industrial waste water treatment facilities. The company's business strategy is based upon entering into collaborative working relationships with established engineering and environmental companies, or formal joint venture agreements relative to the application of the technologies for specified industries or markets. The company is currently negotiating project-specific working arrangements with Foster Wheeler Environmental Corporation, Roy F. Weston, Inc., Dan Cowart, Inc., and Mitsui & Co., Inc. In addition, the company may sub-license the Technologies to third parties. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to fund proposed collaborative ventures; to fund additional research and development costs; to lease and equip an additional facility; to repay outstanding intercompany indebtedness; to collateralize a bank loan of the company; and to fund working capital and for general corporate purposes. |