| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies |
| Galveston's Steakhouse Corp. |
| 151 E. Alessandro Boulevard, Riverside, CA 92508 * (909) 789-7606 |
| The company currently owns two steakhouse restaurants and operates two other in Southern CA, which formerly comprised all of the restaurants known as Texas Loosey's Chili Parlor & Saloon. |
| Manager | Tier | Phone |
| William Scott & Co., L.L.C. | Lead Manager | (908) 688-0020 |
| Hornblower & Weeks, Inc. | Co-manager | |
| Tasin & Company | Co-manager | (516) 232-0202 |
| NASSCM: | SIZL | Retail: | SIC 5812 | |
| Type of Shares: | Common Shares | Filing Date: | 6/12/97 | |
| U.S. Shares: | 1,250,000 | Offer Date: | 2/27/98 | |
| Non-U.S. Shares: | 0 | Filing Price: | $5.00 | |
| Primary Shares: | 1,250,000 | Offer Price: | $5.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.50 | |
| Offering Amount: | $6,250,000 | Selling: | $0.00 | |
| Expenses: | $275,000 | Reallowance: | $0.00 | |
| Post-IPO Shares: | 3,318,685 |
| Issuer's Law Firm: | Lehman & Eilen |
| Bank's Law Firm: | Feldman, David. N |
| Auditor: | Arthur Andersen |
Dollar amounts in U.S. millions except for per share data | |||||
| 3 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/96 | 3/31/97 | 3/31/97 | |||
| Revenue: | $1.51 | $0.40 | Assets: | $1.94 | |
| Net Income: | -$1.36 | -$0.21 | Curr Assets: | ||
| EPS: | -$0.86 | -$0.43 | Liabilities: | $2.88 | |
| Prior EPS: | Curr Liab: | ||||
| Cash Flow/Oper: | $0.02 | Equity: | -$0.93 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Use of Proceeds |
| The proceeds from the proposed offering will be used to open up six to eight additional company owned restaurants, remodel three of the company's four existing restaurants, repay the notes payable to the company's private placement bridge financing investors, repay certain notes payable to the sellers of the Texas Loosey's restaurants, repay other notes payable, reduce amounts payable and accrued expenses, and working capital and general corporate purposes. |