| 800-JR Cigar, Inc. | |||
| Ticker: | JRJR | 301 Route 10 East | |
| Exchange: | NASDAQ-National Market | Whippany, NJ 07981 | |
| Industry: | Wholesale (SIC Code 5194) | (201) 884-9555 | |
| Type of Shares: | Common Shares | Filing Date: | 3/14/97 | |
| U.S. Shares: | 3,000,000 | Offer Date: | 6/26/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $14.00 - $16.00 | |
| Primary Shares: | 3,000,000 | Offer Price: | $17.00 | |
| Secondary Shares: | 0 | Gross Spread: | $1.19 | |
| Offering Amount: | $45,000,000 | Selling: | $0.72 | |
| Expenses: | - | Reallowance: | $0.10 | |
| Shares Out After: | - |
| Manager | Tier | Phone |
| Prudential Securities Incorporated | Lead Manager | (212) 778-5420 |
| Issuer's Law Firm: | Morgan, Lewis & Bockius |
| Bank's Law Firm: | Stroock & Stroock & Lavan |
| Auditor: | Ernst & Young |
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: | $152.69 | $155.28 | $121.93 | Assets: | $42.64 |
| Net Income: | $2.39 | $9.26 | $1.70 | Curr Assets: | |
| EPS: | Liabilities: | $21.29 | |||
| Prior EPS: | Curr Liabilities: | ||||
| Cash Flow/Oper: | Equity: | $21.35 | |||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is one of the largest distributors and retailers of tobacco and tobacco related products in North America. The company's primary products consist of premium cigars, mass market cigars and cigarettes which are distributed to retail and wholesale customers. Management believes that the company ranks as the largest retailer of brand name cigars in the United States. In addition, the company is the largest customer for many of the world's leading cigar manufacturers, including Consolidated Cigar Holdings Inc., General Cigar Holding, Inc., Swisher International Group, Inc. and Villazon & Company, Inc. The company believes that its success is due, in part, to its ability to purchase in large quantities from a broad range of suppliers, thereby serving its retail and wholesale customers as the leading source for competitively priced, high-quality, nationally branded and proprietary brand premium cigars and other tobacco products. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to finance development, construction and other costs related to a new warehouse, new stores and store renovations; to finance expansion of direct mail operations; repay long-term debt, working capital and for general corporate purposes. |