| Fania Entertainment Group, Inc. | |||
| Proposed Ticker: | FNIA | 112 West 31st Street | |
| Exchange: | NASDAQ-National Market | New York, NY 10001 | |
| Industry: | Manufacturing (SIC Code 3652) | (212) 967-3114 | |
| # of Employees: | 7 | ||
| Type of Shares: | Common Shares | Filing Date: | 12/19/97 | |
| U.S. Shares Filed: | 1,600,000 | Filing Range: | $6.00 - $7.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $10,400,000 | |
| Primary Shares: | 1,600,000 | Expenses: | - | |
| Secondary Shares: | 0 | Shares Out After: | 4,575,000 |
| Manager | Tier | Phone |
| Gilford Securities | Lead Manager | (800) 445-3673 |
| Issuer's Law Firm: | Tenzer, Greenblatt, Fallon & Kaplan |
| Bank's Law Firm: | Orrick, Herrington & Sutcliffe |
| Auditor: | BDO Seidman |
| Registrar/Transfer Agent: | Continental Stock Transfer & Trust Co |
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 | ||
| 12/31/96 | 9/30/97 | 9/30/96 | 9/30/97 | ||
| Revenue: | $5.10 | $3.73 | $3.60 | Assets: | $8.37 |
| Net Income: | $0.86 | $0.72 | $0.70 | Curr Assets: | $5.78 |
| EPS: | $0.29 | $0.24 | $0.23 | Liabilities: | $7.00 |
| Prior EPS: | $0.30 | $1.18 | $1.73 | Curr Liabilities: | $3.94 |
| Cash Flow/Oper: | $2.72 | -$0.12 | -$0.50 | Equity: | $1.37 |
| Cash Flow/Fin: | -$0.60 | -$0.25 | -$0.13 | Cash: | $2.74 |
| Cash Flow/Inv: | -$0.44 | -$0.25 | Working Cap: | $1.84 | |
| Business Description |
| The company is an independent record company that produces, markets and sells Latin music on compact discs and cassette tapes. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for the acquisition of the catalog, record production and manufacturing, advertising, marketing and promotion, and working capital and general corporate purposes. |
| Additional Underwriter Compensation |
| Warrant to purchase 160,000 shares/units at a nominal price. |