| Collectibles USA, Inc. | |||
| Proposed Ticker: | COUS | One Battery Park Plaza, 24th Floor | |
| Exchange: | NASDAQ-National Market | New York, NY 10004 | |
| Industry: | Retail (SIC Code 5999) | (212) 344-1271 | |
| Type of Shares: | Common Shares | Filing Date: | 6/13/97 | |
| U.S. Shares Filed: | 2,700,000 | Filing Range: | $8.00 - $9.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $22,950,000 | |
| Primary Shares: | 2,700,000 | Expenses: | $0 | |
| Secondary Shares: | 0 | Shares Out After: | 6,198,784 |
| Manager | Tier | Phone |
| Cruttenden Roth Incorporated | Lead Manager | (800) 678-9147 |
| Issuer's Law Firm: | Morgan, Lewis & Bockius |
| Bank's Law Firm: | Fulbright & Jaworski |
| Auditor: | Arthur Andersen |
| Registrar/Transfer Agent: | Bank of New York |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 1/31/97 | 1/31/97 | ||||
| Revenue: | $25.53 | Assets: | $34.74 | ||
| Net Income: | $0.69 | Curr Assets: | |||
| EPS: | $0.13 | Liabilities: | $22.36 | ||
| Prior EPS: | Curr Liab: | ||||
| Cash Flow/Oper: | -$0.43 | Equity: | $12.38 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company was created to be a national retailer of collectibles merchandise and marketer of animation art. The company has entered into agreements to acquire 6 retailers of collectibles and 3 marketers of animation art with the close of this offering. Upon the consummation of these Acquisitions, the company believes that it will be a leading retailer of contemporary collectibles and a leading marketer of animation art in the United States. The company's 16 collectibles stores are located in California (2), Florida, Illinois (6), Nevada (2), new jersey (2), Oklahoma (2) and Virginia. In addition, certain stores sell collectibles through database direct mail, inbound and outbound telemarketing operations and over the Internet. The company sells animation art primarily through database direct mail, telemarketing and the Internet to both retail and wholesale customers, and operates five animation art galleries located in California, New York (2), Pennsylvania and Washington. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to pay the cash portion of the purchase price of the Founding Companies, repay certain indebtedness of the Founding Companies, pay required cash amounts in connection with the conversion of the Series A Convertible Preferred Stock upon consummation of the offering, repay the principal amount outstanding under certain subordinated notes held by an affiliate of the company, and for general corporate purposes, which is expected to include future acquisitions. |