| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies |
| Pawnmart, Inc. |
| 301 Commerce Street, Suite 3600, Fort Worth, TX 76102 * (817) 335-7296 |
| The company is a financial services and specialty retail enterprise principally engaged in establishing and operating stores which advance money secured by the pledge of tangible personal property and sell pre-owned merchandise to consumers. |
| Manager | Tier | Phone |
| First London Securities Corporation | Lead Manager | (800) 248-9461 |
| NASSCM: | PMRT | Retail: | SIC 5999 | |
| Type of Shares: | Common Shares | Filing Date: | 10/23/97 | |
| U.S. Shares: | 1,200,000 | Offer Date: | 3/16/98 | |
| Non-U.S. Shares: | 0 | Filing Price: | $5.00 | |
| Primary Shares: | 1,200,000 | Offer Price: | $5.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.50 | |
| Offering Amount: | $6,000,000 | Selling: | $0.30 | |
| Expenses: | $350,000 | Reallowance: | $0.10 | |
| Post-IPO Shares: | 9,120,498 |
| Issuer's Law Firm: | Jordann, Howard & Pennington |
| Bank's Law Firm: | Gardere & Wynne |
| Registrar/Transfer Agent: | Harris Trust & Savings Bank |
| Auditor: | KPMG Peat Marwick |
Dollar amounts in U.S. millions except for per share data | |||||
| 6 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 1/26/97 | 7/27/97 | 7/28/96 | 7/27/97 | ||
| Revenue: | $7.90 | $4.51 | $3.44 | Assets: | $7.26 |
| Net Income: | -$3.06 | -$1.50 | -$1.55 | Curr Assets: | |
| EPS: | -$0.28 | -$0.10 | -$0.15 | Liabilities: | $12.22 |
| Prior EPS: | -$0.42 | Curr Liab: | |||
| Cash Flow/Oper: | -$2.36 | Equity: | -$4.95 | ||
| Cash Flow/Fin: | $3.43 | Cash: | |||
| Cash Flow/Inv: | -$1.06 | Working Cap: | $3.51 | ||
| Competition |
| The Company encounters significant competition in connection with the operation of its business. In connection with lending operations, the Company competes with other pawnshops (owned by individuals and by large operators) and certain financial institutions, such as consumer finance companies, which generally lend on an unsecured as well as on a secured basis. The Company's competitors in connection with its retail sales include numerous retail and discount stores. Many competitors have greater financial resources than the Company, including Cash America International, Inc. and EZCORP, Inc. These competitive conditions may adversely affect the Company's revenues, profitability and ability to expand. |
| Business Plan |
| The pawnshop industry is a multi-billion dollar, rapidly growing industry and is highly fragmented. Of the approximately 13,000 pawnshops in the United States, the industry's four public companies collectively own approximately five percent. The Company's strategic objective is to capitalize upon growth opportunities afforded by this highly fragmented industry through a roll-out of its stores. To achieve its strategic objective, the Company has adopted the following strategy: (I) Operational Excellence, (ii) Strategic Market Positioning, (iii) Establish -- Rather Than Acquire -- Pawnmart Stores That Meet Sit Selection, Store Size and Configuration Requirements In Selected Market, (iv) Leverage the Company's Targeted Database Marketing Segmentation System, (v) Continued Utilization of Information Technology, (vi) Rapid Expansion in Metropolitan Areas in States with Favorable Pawn Regulation and (vii) Franchise Operations in Smaller Markets. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to establish new stores, repay indebtedness and for working capital and general corporate purposes. |
| Name of Shareholder | % Owned Before | % Owned After |
| Carson R. Thompson | 5.20% | 4.10% |
| Officer Name | Title | Age |
| Carson R. Thompson | Chief Executive Officer and Chairman of the Board | 58 |
| Robert D. Bourland, Jr. | President, Chief Operating Officer and Director | 56 |
| Thomas W. White | Vice President -- Finance and Chief Accounting Officer | 28 |
| Randall L. Haden | Vice President -- Information Services | 36 |
| Additional Underwriter Compensation |
| Warrant to purchase 200,000 shares/units at a nominal price. |