| On Stage Entertainment, Inc. | |||
| Ticker: | ONST | 4625 West Nevso Drive | |
| Exchange: | NASDAQ-Small Cap Market | Las Vegas, NV 89103 | |
| Industry: | Service (SIC Code 7929) | (702) 253-1333 | |
| Type of Shares: | Common Shares | Filing Date: | 4/7/97 | |
| U.S. Shares: | 1,400,000 | Offer Date: | 8/13/97 | |
| Non-U.S. Shares: | 0 | Filing Price: | $5.00 | |
| Primary Shares: | 1,400,000 | Offer Price: | $5.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.50 | |
| Offering Amount: | $7,000,000 | Selling: | $0.20 | |
| Expenses: | $760,000 | Reallowance: | $0.10 | |
| Shares Out After: | 6,588,980 |
| Manager | Tier | Phone |
| Whale Securities Company | Lead Manager | (212) 484-2057 |
| Issuer's Law Firm: | Morgan, Lewis & Bockius |
| Bank's Law Firm: | Tenzer, Greenblatt, Fallon & Kaplan |
| Auditor: | BDO Seidman |
| Registrar/Transfer Agent: | American Stock Transfer & Trust Co |
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: | $13.81 | Assets: | $3.95 | ||
| Net Income: | -$0.02 | Curr Assets: | |||
| EPS: | $0.00 | Liabilities: | $4.18 | ||
| Prior EPS: | -$0.10 | Curr Liabilities: | |||
| Cash Flow/Oper: | $2.01 | Equity: | -$0.22 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company develops and produces live theatrical productions for domestic and international audiences. The company markets its productions, directly and through ticket wholesalers, to audiences at theaters in resort and urban tourist locations. The company also markets its productions to commercial clients, which include casinos, corporations, fairs and expositions, them and amusement parks, and cruise lines. The company's flagship Legends in Concert(R) production is a live tribute show featuring recreations of past and present music and motion picture superstars through the use of impersonators and is the longest running independently produced production in Las Vegas. The company currently has resident Legends productions at the Imperial Palace Hotel and Casino in Las Vegas, Nevada; Bally's Park Place Hotel and Casino in Atlantic City, New Jersey; and the Surfside Theater in Myrtle Beach South Carolina; and on two Premier Cruise Lines ships which sail out of Cape Canaveral, Florida. In addition, the company will have a resident Legends production at the Coliseum Theater in Daytona Beach, Florida, beginning in the Summer of 1997. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for new show openings; the repayment of indebtedness; the hiring of additional administrative and sales personnel; and the balance for working capital and general corporate purposes. |