| Jazz Photo Corp. | |||
| Proposed Ticker: | JAZZ | 600 Blair Road | |
| Exchange: | NASDAQ-National Market | Carteret, NJ 07088 | |
| Industry: | Wholesale (SIC Code 5043) | (908) 499-7945 | |
| Type of Shares: | Common Shares | Filing Date: | 4/7/97 | |
| U.S. Shares Filed: | 1,000,000 | Filing Price: | $5.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $5,000,000 | |
| Primary Shares: | 1,000,000 | Expenses: | - | |
| Secondary Shares: | 0 | Shares Out After: | 3,210,000 |
| Manager | Tier | Phone |
| Hampshire Securities Corporation | Lead Manager | (212) 641-3624 |
| Issuer's Law Firm: | Greenberg & Kahr |
| Bank's Law Firm: | Brock, Fensterstock, Silverstein, McAuliffe & Wade |
| Auditor: | Eisner, Richard A. |
| Registrar/Transfer Agent: | Continental Stock Transfer & Trust Co |
Dollar amounts in U.S. millions except for per share data | |||||
| 6 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 6/30/96 | 12/31/96 | 12/31/95 | 12/31/96 | ||
| Revenue: | $1.17 | $7.62 | $0.33 | Assets: | $1.61 |
| Net Income: | -$0.80 | $0.67 | -$0.26 | Curr Assets: | |
| EPS: | -$0.34 | $0.20 | -$0.11 | Liabilities: | $1.69 |
| Prior EPS: | $0.59 | Curr Liabilities: | |||
| Cash Flow/Oper: | -$0.91 | Equity: | -$0.08 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is engaged in the design, development, importation and wholesale distribution of cameras and other photographic products primarily in the United States. The company's products, which have been designed to have pricing and features with mass consumer appeal, are marketed by the company to (I) leading mass merchandisers, including Wal-Mart Stores, Sears, Roebuck & Co., Hills' Department Stores and Home Shopping Network and (ii) private label customers, such as Albertson's. The company's current product offerings consist of (I) single use and promotionally priced reusable 35 millimeter format cameras marketed under the Bell + Howell-Registered Trademark- trademark pursuant to an exclusive agreement with Bell & Howell Company renewable through 20007, (iii) a newly-introduced family of cameras which utilizes the advanced photographic system format, and (iv) photographic accessories, including vinyl and leather pouches and carrying cases, for its cameras marketed under the JAZZ-TM-brand name and a number of private labels. Each of the company's products is manufactured by the company's contract manufacturers in the People's Republic of China and has been designed in accordance with company specifications. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to reduce dependence on short term financing of receivables and inventory, to repay certain short term debt, and for general corporate purposes and working capital. |