| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies |
| Central European Distribution Corporation |
| 211 North Union Street, #100, Alexandria, VA 22314 * (703) 838-5568 |
| The company is a leading importer and distributor of alcoholic beverages in Poland. The company operates the largest nationwide next-day alcoholic beverage delivery service in Poland through eight regional branch offices in Poland's principal cities. |
| Manager | Tier | Phone |
| Brean, Murray, Foster & Company | Lead Manager | (212) 702-6520 |
| Fine Equities, Inc. | Co-manager |
| NASSCM: | CEDC | Wholesale: | SIC 5182 | |
| Type of Shares: | Common Shares | Filing Date: | 12/16/97 | |
| U.S. Shares: | 2,000,000 | Offer Date: | 7/27/98 | |
| Non-U.S. Shares: | 0 | Filing Range: | $8.00 - $9.00 | |
| Primary Shares: | 2,000,000 | Offer Price: | $6.50 | |
| Secondary Shares: | 0 | Gross Spread: | $0.65 | |
| Offering Amount: | $17,000,000 | Selling: | $0.00 | |
| Expenses: | $0 | Reallowance: | $0.00 | |
| Post-IPO Shares: | - |
| Issuer's Law Firm: | Hogan & Hartson |
| Bank's Law Firm: | Baker & McKenzie |
| Registrar/Transfer Agent: | American Stock Transfer & Trust Co |
| Auditor: | Ernst & Young |
Dollar amounts in U.S. millions except for per share data | |||||
| 9 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Audited Income | Balance Sheet | ||
| 12/31/96 | 9/30/97 | 9/30/96 | 9/30/97 | ||
| Revenue: | $23.94 | $27.50 | $14.57 | Assets: | $7.17 |
| Net Income: | $0.06 | $0.14 | $0.01 | Curr Assets: | $6.48 |
| EPS: | $0.03 | $0.08 | $0.00 | Liabilities: | $7.00 |
| Prior EPS: | $0.04 | Curr Liab: | $6.93 | ||
| Cash Flow/Oper: | $0.03 | -$0.32 | $0.18 | Equity: | $0.17 |
| Cash Flow/Fin: | $0.19 | -$0.12 | -$0.01 | Cash: | $0.24 |
| Cash Flow/Inv: | -$0.07 | -$0.05 | -$0.12 | Working Cap: | -$0.45 |
| Competition |
| The brands of beer, spirits and wine distributed by the Company compete with other brands in each category, including some that the Company distributes. The Company expects this competition to increase as it adds more brands, as international drinks and brewery companies expand production and distribution in Poland, and as domestically produced products are distributed more efficiently. The Company competes with various regional distributors in all of its offices. This competition is particularly vigorous with respect to domestic vodka brands. Further, some of the international drink companies doing business in Poland, which import their own products but use the Company on a nonexclusive basis to distribute their products, could develop a nationwide distribution system, as could existing regional distributors, and may terminate their distribution arrangements with the Company. In addition, the international drinks companies with which the Company competes in the import segment of its business have substantially greater managerial, financial and other resources than the Company. |
| Business Plan |
| The principal components of the Company's business strategy are as follows: (I) Expand Distribution Capacity, (ii) Increase Product Offerings and (iii) Enter Retail Market. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to acquire existing wholesalers of alcoholic beverages, to increase the number of brands distributed through the addition of new suppliers and the acquisition of existing importers, to open retail stores., to retire bank financing, to purchase currently leased equipment and for general corporate purposes. |
| # of Units: | 1,150,000 | |||
| Unit Ticker: | - | Unit Price: | ||
| Warrant Ticker: | CEDCW | Warrant Price: | ||
| Warrant Exercise Date: | Warrant Exercise Price: | |||
| Warrant Expiration Date: | ||||
| Warrant Detachable: | Yes | Warrant Detach Date: | ||
| Warrant Callable: | Yes | Warrant Call Date: |
| Unit Composition: 1 Common Share + 1 Warrant |
| Warrant Entitlement: 1 Common Share |
| Warrants are callable at $0.05 if the common stock trades at $0.00 for 0 of 0 consecutive trading days. |