| Dynamic International, Ltd. | |||
| Ticker: | DYNIU | 58 Second Avenue | |
| Exchange: | Over-the-Counter Market | Brooklyn, NY 11215 | |
| Industry: | Wholesale (SIC Code 5099) | (718) 469-3160 | |
| Type of Shares: | Common Shares | Filing Date: | 4/18/97 | |
| U.S. Shares: | 1,200,000 | Offer Date: | 12/24/97 | |
| Non-U.S. Shares: | 0 | Filing Price: | $5.00 | |
| Primary Shares: | 1,200,000 | Offer Price: | $5.00 | |
| Secondary Shares: | 0 | Gross Spread: | ||
| Offering Amount: | $6,000,000 | Selling: | ||
| Expenses: | - | Reallowance: | ||
| Shares Out After: | 4,398,798 |
| Manager | Tier | Phone |
| Patterson Travis, Inc. | Lead Manager | (212) 837-7340 |
| Issuer's Law Firm: | Heller, Horowitz & Feit |
| Bank's Law Firm: | Lauer, Elias Esq. |
| Auditor: | Moore Stephens, P.C. |
| Registrar/Transfer Agent: | American Stock Transfer & Trust Co |
Dollar amounts in U.S. millions except for per share data | |||||
| 9 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 4/30/96 | 1/31/97 | 1/31/97 | |||
| Revenue: | $7.15 | $8.38 | Assets: | $4.94 | |
| Net Income: | $6.95 | $0.08 | Curr Assets: | ||
| EPS: | $0.03 | Liabilities: | $1.44 | ||
| Prior EPS: | -$0.09 | -$1.36 | Curr Liabilities: | ||
| Cash Flow/Oper: | -$1.15 | Equity: | $3.50 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is engaged in the design, marketing and sale of a diverse line of hand exercise and light exercise equipment, including hand grips, running weights, jump ropes and aerobic steps and slides. It markets these products under the licensed trademarks SPALDING(R) and KATHY IRELAND(R) as well as under its own trademarked name SHAPE SHOP(R). In addition, it designs and markets sports bags and luggage, which are marketed primarily under the licensed name JEEP(R) and under its own names PROTECH(R) and SPORTS GEAR(R). The company's objective is to become a designer and marketer of goods that are associated with a free-spirited lifestyle and leisure time. The company is the successor to Dynamic Classics, Ltd., a Delaware corporation, incorporated in 1986, which was the successor to a NY company incorporated in 1964. In August 1996, DCL merged with and into the company, which had been newly formed for the purpose of this merger. The objective of the merger was to change the company's state of incorporation from Delaware to Nevada. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to purchase inventory, debt repayment, advertising, marketing and for working capital. |