| Premium Cigars International, Ltd. | |||
| Ticker: | PCIG | 15651 North 83rd Way, Suite 3 | |
| Exchange: | NASDAQ-Small Cap Market | Scottsdale, AZ 85260 | |
| Industry: | Manufacturing (SIC Code 2121) | (602) 922-8887 | |
| Type of Shares: | Common Shares | Filing Date: | 6/25/97 | |
| U.S. Shares: | 1,900,000 | Offer Date: | 8/21/97 | |
| Non-U.S. Shares: | 0 | Filing Price: | $5.01 | |
| Primary Shares: | 1,900,000 | Offer Price: | $5.25 | |
| Secondary Shares: | 0 | Gross Spread: | $0.52 | |
| Offering Amount: | $9,519,000 | Selling: | $0.26 | |
| Expenses: | $675,600 | Reallowance: | ||
| Shares Out After: | 3,480,500 |
| Manager | Tier | Phone |
| W.B. McKee Securities, Inc. | Lead Manager | (602) 954-0333 |
| Issuer's Law Firm: | Titus, Brueckner & Berry, P.C. |
| Bank's Law Firm: | Streich Lang |
| Auditor: | Semple & Copper |
| Registrar/Transfer Agent: | American Securities Transfer, Inc |
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 | ||
| 3/31/97 | 3/31/97 | ||||
| Revenue: | $0.85 | Assets: | $0.52 | ||
| Net Income: | -$0.15 | Curr Assets: | |||
| EPS: | -$0.10 | Liabilities: | $0.46 | ||
| Prior EPS: | $0.07 | Curr Liabilities: | |||
| Cash Flow/Oper: | Equity: | $0.06 | |||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company distributes cigars throughout the United States and Canada. The company has placed their cigar distribution program, which includes supplying humidors, cigars, service and information in over 1,400 stores. The company is currently expanding with national retail and distribution accounts in both the United States and Canada. The company's complete PCI Cigar Program includes: imported, hand-rolled, short, medium and long-leaf filler premium cigars from the Dominican Republic, Honduras, Mexico, Micaragua and the Philippines, as well as domestic machine-made mass market cigars; in-store, countertop, custom made, hand-crafted wood and plexiglass humidors; training materials and telemerchandising support to individual stores; point-of purchase information cards and cigar magazine racks; telemerchandising for order fulfillment; large, "walk-in" humidors for distribution center cigar inventory storage; and a spokesman relationship with Arie Luyendyk, the recent winner of the Indianapolis 500. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to expand the PCI Cigar Program, including purchasing humidors, cigars and accessories; repay indebtedness; and fund sales and marketing and working capital. |
| Name of Shareholder | % Owned Before | % Owned After |
| g | 17.46% | 10.74% |