| Panorama International Productions, Inc. | |||
| Proposed Ticker: | PNRM | 2621 Empire Avenue | |
| Exchange: | NASDAQ-Small Cap Market | Burbank, CA 91504 | |
| Industry: | Service (SIC Code 7812) | (818) 567-1221 | |
| Type of Shares: | Common Shares | Filing Date: | 6/19/97 | |
| U.S. Shares Filed: | 1,450,619 | Filing Price: | $6.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $8,703,714 | |
| Primary Shares: | 1,000,000 | Expenses: | $600,000 | |
| Secondary Shares: | 450,619 | Shares Out After: | 4,010,365 |
| Manager | Tier | Phone |
| Nichols, Safina, Lerner & Co. Inc. | Lead Manager | (800) 895-5551 |
| Issuer's Law Firm: | Loeb and Loeb |
| Bank's Law Firm: | Lehman & Eilen |
| Auditor: | Ernst & Young |
| Registrar/Transfer Agent: | U. S. Stock Transfer Corporation |
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 | 3/31/96 | 3/31/97 | ||
| Revenue: | $2.11 | $0.57 | $0.44 | Assets: | $4.26 |
| Net Income: | $0.13 | -$0.03 | $0.04 | Curr Assets: | |
| EPS: | $0.04 | -$0.01 | $0.01 | Liabilities: | $1.62 |
| Prior EPS: | $0.00 | Curr Liabilities: | |||
| Cash Flow/Oper: | $0.26 | Equity: | $2.65 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is engaged in the production and distribution of video tapes specializng in destination, historical and cultural topics for the tourist industry. The company currently has a library of 43 video titles which are distributed by the company primarily to national and state park cooperating associations (nonprofit entities chartered by Congress and sanctioned by the National Park Service to operate at national parks, monuments and historic sites), concessionaires (private firms that operate within the borders of national or state parks), retailers at gateway communities (businesses that are located outside of the boundaries of the park, monument or historical site), tourist groups and other souvenir and gift stores for sale to tourists and international travelers. The company has video titles featuring the most frequently visited U.S. National Parks, including the Grand Canyon, Yellowstone, Yosemite and the Great Smoky Mountains. It also has video titles featuring other highly visited locations, such as Ellis Island, the U.S.S. Arizona Memorial, Big Bend National Park, Mesa Verde National Park, Sequoia/Kings Canyon National Park, Bryce Canyon, Olympic, Mount Rainier and Mount St. Helens. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for repayment of Subordinated Notes; production of new video titles; production of new book titles; updating existing video and book titles; and general corporate purposes. |