| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies |
| Ambassador Eyewear Group, Inc. |
| 1010 Arch Street, Philadelphia, PA 19107 * (800) 523-4675 |
| The company designs, sources, markets and distributes high quality prescription eyeglass frames and non-prescription sunglasses to department and specialty stores, optical chains and eyewear boutiques throughout the United States. |
| Manager | Tier | Phone |
| H.J. Meyers & Company, Incorporated | Lead Manager | (212) 298-8942 |
| CHI: | AEY | Wholesale: | SIC 5048 | |
| Type of Shares: | Common Shares | Filing Date: | 7/15/97 | |
| U.S. Shares: | 1,200,000 | Offer Date: | 3/19/98 | |
| Non-U.S. Shares: | 0 | Filing Price: | $6.00 | |
| Primary Shares: | 1,200,000 | Offer Price: | $6.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.60 | |
| Offering Amount: | $7,200,000 | Selling: | $0.30 | |
| Expenses: | $860,000 | Reallowance: | $0.10 | |
| Post-IPO Shares: | 5,500,000 |
| Issuer's Law Firm: | Crummy, Del Deo, Dolan, Griffinger & Vecchione |
| Bank's Law Firm: | Morrison Cohen Singer & Weinstein |
| Registrar/Transfer Agent: | American Stock Transfer & Trust Co |
| Auditor: | Eisner, Richard A. |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Audited Income | Balance Sheet | ||
| 3/31/97 | 3/31/97 | ||||
| Revenue: | $16.45 | Assets: | $20.93 | ||
| Net Income: | $0.73 | Curr Assets: | |||
| EPS: | $0.19 | Liabilities: | $20.62 | ||
| Prior EPS: | -$0.02 | Curr Liab: | |||
| Cash Flow/Oper: | -$3.52 | Equity: | $0.31 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Plan |
| The company's business strategy for growth focuses on maintaining and expanding its competitive position in the markets it currently serves and establishing competitive market positions in other geographic areas, primarily within the United States and to a lesser extent globally. The principal elements of the company's strategy include: (I) Target Mid Range Price Consumers, (ii) Target Additional Distributors, Coordinate and Manage Distribution and (iii) Pursue Acquisitions to Increase Penetration in Existing and New Markets |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for reduction in debt, expansion of sales and marketing activities, purchase of inventory and general corporate purposes. |
| Name of Shareholder | % Owned Before | % Owned After |
| Rudy Slucker | 0.50 | 0.35 |
| Barry Budilov | 0.50 | 0.30 |
| Officer Name | Title | Age |
| Rudy A. Slucker | Chairman of the Board of Directors | 47 |
| Kenneth B. Kitnick | Executive Vice President | 35 |
| Barry Budilov | President and Chief Executive Officer | 41 |