| World of Science, Inc. | |||
| Ticker: | WOSI | 900 Jefferson Road, Building Four | |
| Exchange: | NASDAQ-National Market | Rochester, NY 14623 | |
| Industry: | Retail (SIC Code 8211) | (716) 475-0100 | |
| Type of Shares: | Common Shares | Filing Date: | 4/11/97 | |
| U.S. Shares: | 2,450,000 | Offer Date: | 7/7/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $8.00 - $9.00 | |
| Primary Shares: | 1,600,000 | Offer Price: | $6.00 | |
| Secondary Shares: | 850,000 | Gross Spread: | $0.42 | |
| Offering Amount: | $20,825,000 | Selling: | $0.24 | |
| Expenses: | - | Reallowance: | $0.10 | |
| Shares Out After: | 5,022,955 |
| Manager | Tier | Phone |
| A.G. Edwards & Sons, Inc. | Lead Manager | (314) 955-3039 |
| Raymond James & Associates, Inc. | Co-manager | (813) 573-8108 |
| Issuer's Law Firm: | Harris Beach & Wilcox LLP |
| Bank's Law Firm: | Ropes & Gray |
| Auditor: | KPMG Peat Marwick |
| Registrar/Transfer Agent: | Marine Midland Bank |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 2/1/97 | 2/1/97 | ||||
| Revenue: | $44.56 | Assets: | $15.27 | ||
| Net Income: | $1.74 | Curr Assets: | |||
| EPS: | $0.49 | Liabilities: | $4.79 | ||
| Prior EPS: | $0.35 | Curr Liabilities: | |||
| Cash Flow/Oper: | $2.39 | Equity: | $10.48 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is a leading specialty retailer of a variety of traditional and distinctive science and nature products. The company's merchandising strategy emphasizes both the educational and entertainment values of its products, which are offered at competitive prices in a stimulating retail environment. The company has developed a broad customer base, as its products appeal to customers of all ages for gift-giving, educational use and entertainment. The company operates both a permanent and seasonal store format. At March 31, 1997, the company operated 48 permanent stores and 62 seasonal stores in 29 states, primarily in enclosed malls. Permanent World of Science stores are open year-round under long-term leases, contain an average of 2,100 square feet of selling space and maintain approximately 2,600 stock keeping units of inventory. Permanent stores are also generally characterized by an upscale store fa�ade and interior fixture package. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to finance new store expansion and for working capital and other general corporate purposes. |