| Earth and Ocean Sports, Inc. | |||
| Proposed Ticker: | EOSI | 70 airport Road | |
| Exchange: | NASDAQ-National Market | Hyannis, MA 02601 | |
| Industry: | Manufacturing (SIC Code 3949) | (508) 778-5528 | |
| Type of Shares: | Common Shares | Filing Date: | 3/27/97 | |
| U.S. Shares Filed: | 1,375,000 | Filing Range: | $9.00 - $11.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $13,750,000 | |
| Primary Shares: | 1,375,000 | Expenses: | - | |
| Secondary Shares: | 0 | Shares Out After: | 3,196,457 |
| Manager | Tier | Phone |
| H.C. Wainwright & Co. Inc. | Lead Manager | (617) 589-9482 |
| Cruttenden Roth Incorporated | Co-manager | (800) 678-9147 |
| Issuer's Law Firm: | Testa, Hurwitz & Thibeault |
| Bank's Law Firm: | Goodwin Procter & Hoar |
| Auditor: | Arthur Andersen |
| Registrar/Transfer Agent: | American Stock Transfer & Trust Co |
Dollar amounts in U.S. millions except for per share data | |||||
| 3 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 10/31/96 | 1/31/97 | 1/31/96 | 1/31/97 | ||
| Revenue: | $12.40 | $2.88 | $2.03 | Assets: | $10.17 |
| Net Income: | -$0.29 | -$0.32 | -$0.34 | Curr Assets: | |
| EPS: | -$0.14 | -$0.16 | -$0.17 | Liabilities: | $10.84 |
| Prior EPS: | $0.03 | -$0.72 | -$0.82 | Curr Liabilities: | |
| Cash Flow/Oper: | -$0.81 | Equity: | -$0.66 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is a designer, manufacturer and marketer of branded active sports products. The company currently offers five brands and over 40 models of bodyboards, two brands and nine models of wakeboards and two brands and over 20 models of snowboards, as well as complementary sports apparel and accessories. In the United States, the company sells its products primarily through a network of over 100 independent sales representatives working with the company's internal sales and technical specialists and internationally through a network of over 30 distributors. The company's domestic customers include over 1,000 specialty shops, 20 national and regional sporting goods retail chains and over 20 mass merchandisers. An increasing number of consumers are participating in active sports, which generally require the purchase of non-team sports products. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay indebtedness to the company's senior lender and to the principal shareholder, for working capital and for other general corporate purposes and possible acquisitions. |