| American Champion Entertainment, Inc. | |||
| Ticker: | ACEI | 26203 Production Avenue, Suite 5 | |
| Exchange: | NASDAQ-Small Cap Market | Hayward, CA 94545 | |
| Industry: | Service (SIC Code 7812) | (510) 782-8168 | |
| Type of Shares: | Common Shares | Filing Date: | 3/21/97 | |
| U.S. Shares: | 1,300,000 | Offer Date: | 7/30/97 | |
| Non-U.S. Shares: | 0 | Filing Price: | $5.00 | |
| Primary Shares: | 1,300,000 | Offer Price: | $5.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.50 | |
| Offering Amount: | $6,500,000 | Selling: | $0.25 | |
| Expenses: | $700,000 | Reallowance: | $0.10 | |
| Shares Out After: | 3,544,671 |
| Manager | Tier | Phone |
| Dalton Kent Securities Group, Inc. | Lead Manager | |
| Sharpe Capital, Inc. | Co-manager | (212) 791-5590 |
| Issuer's Law Firm: | Sheppard, Mullin, Richter & Hampton |
| Bank's Law Firm: | Singe Zamansky LLP |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/96 | 12/31/96 | ||||
| Revenue: | $1.12 | Assets: | $0.97 | ||
| Net Income: | $0.07 | Curr Assets: | |||
| EPS: | $0.03 | Liabilities: | $1.97 | ||
| Prior EPS: | -$0.26 | Curr Liabilities: | |||
| Cash Flow/Oper: | -$0.55 | Equity: | -$1.00 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is a development stage company with respect to various media projects. These projects include 1) the development, production and marketing of "Adventures with Kanga Roddy," a television program aimed at pre-school and primary school children, 2) the licensing of merchandising rights related to the Kanga Roddy Series, and 3) the development, production and marketing of various video tapes, audio tapes and workbooks that specialize in fitness information. The company also operates a chain of karate schools with eight locations in the San Francisco Bay area and two locations in Las Vegas. The co-founders of the company, George Chung and Anthony Chan, are both members of the Karate Black Belt Hall of Fame. The experiences of Messrs. Chung and Chan with the martial arts, and the values and disciplines they promote, were the inspiration for the company's decision to pursue its media projects, all of which are based on such martial arts values and disciplines. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to complete production of the next 12 episodes of the Kanga Roddy Series, to repay debt, for general corporate purposes including the funding of the company's recission offer, the hiring of additional management personnel, relocation of the company's headquarters and other general corporate purposes. |