| Proflight Medical Response, Inc. | |||
| Proposed Ticker: | PFLT | 12420 East Control Tower Road | |
| Exchange: | NASDAQ-Small Cap Market | Englewood, CO 80112 | |
| Industry: | Transportation (SIC Code 4522) | (800) 949-5387 | |
| Type of Shares: | Common Shares | Filing Date: | 5/15/97 | |
| U.S. Shares Filed: | 900,000 | Filing Price: | $4.25 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $3,825,000 | |
| Primary Shares: | 900,000 | Expenses: | $545,450 | |
| Secondary Shares: | 0 | Shares Out After: | 3,925,000 |
| Manager | Tier | Phone |
| Century City Securities, Inc. | Lead Manager |
| Issuer's Law Firm: | Loselle Greenwalt Kaplan Blair & Adler |
| Bank's Law Firm: | Gusrae, Kaplan and Bruno |
| Auditor: | Grant Thornton |
| Registrar/Transfer Agent: | American Securities Transfer, Inc |
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: | $3.91 | Assets: | $4.97 | ||
| Net Income: | -$0.67 | Curr Assets: | |||
| EPS: | -$0.19 | Liabilities: | $5.52 | ||
| Prior EPS: | $0.03 | Curr Liabilities: | |||
| Cash Flow/Oper: | -$0.20 | Equity: | -$0.54 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is a national and international provider of fixed wing air ambulance transport services for persons who are ill, injured or otherwise incapacitated who need to be relocated and who may require emergency medical care during flight. The company currently operates from facilities located in Colorado, new York and Florida and upon consummation of the Offering plans to consolidate its operations into its Colorado facilitates. The company provides its services throughout the United States, Canada, Europe, Mexico, Central America, South America, Bermuda and Mediterranean. In addition, the company, when operating at full capacity, ahs subcontracted its services by brokering its air ambulance trips to other air transport providers. For the year ended December 31, 1996, the company, including Air Response and Air Response South, had no pro forma net sales of approximately $11.2 million. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to pay the first payment in connection with the acquisition of Air Response South, to pay indebtedness incurred in connection with its bridge financing and certain short term notes, to fund costs relating to its expansion strategy and for general corporate purposes including working capital. |