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| Cuidao Holding Corp. |
| 3201 West Griffin Road, Suite 204, Ft. Lauderdale, FL 33312 * (954) 964-1060 |
| Business Description | The Company is a development stage corporation which imports, develops, manages and distributes a portfolio of international and regional brands of beer, wine and spirits. |
| Offering Information Company has | |||
| Trading As | CDAO (OTC) | Industry | Wholesale (SIC 5182) |
| Type of Stock Offered | Common Shares | Filing Date | 12/30/1997 |
| Domestic Shares Offered | 260,000 | Offer Date | 03/05/1999 |
| Foreign Shares Offered | 0 | Filing Price | $5.75 |
| Company Shares | 260,000 | Offer Price | $5.75 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $0.000 |
| Gross Proceeds | $1,495,000 | Selling | $0.000 |
| Expenses | $104,207 | Reallowance | $0.000 |
| Post-IPO Shares | 2,359,000 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| West America Securities, Inc. | Lead Manager | (213) 236-9960 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 10 Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/1996 | 10/31/1997 | |||||
| Revenues | - | - | - | - | 0.000 | - | - |
| Income from Oper. | - | - | - | - | - | - | - |
| Net Income | - | - | - | - | -0.022 | - | -0.094 |
| E.P.S | - | - | - | - | -0.012 | - | -0.046 |
| Revenue Growth (%) | - | - | - | - | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | 0.02 | - | - | ||||
| Cash Flow - Inv. | 0.03 | - | - | ||||
| Cash Flow - Fin. | 0.06 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 10/31/1997 | Financial Ratios | ||||
| Total Assets | 0.10 | Current Assets | - | Current Ratio | - |
| Total Liab. | 0.00 | Current Liab. | - | Debt Ratio | 0.82% |
| Total Equity | 0.10 | Working Cap. | - | Debt to Equity Ratio | 0.01 |
| Cash | 0.01 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to purchase alcoholic beverage products, to advertise and market, to provide financing for undetermined future acquisitions and for working capital and for general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | General Counsel |
| Auditor | Baum & Company, P.A. |
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| Industry Competition |
The Company encounters and is likely to continue encountering substantial competition from a number of competitors some of which posses greater resources than the Company. The principal competitive factors affecting the market for the Company's alcoholic beverage products include product quality and taste, packaging, brand recognition, price and distribution capabilities. There can be no assurance that the Company will be able to compete successfully against current and future competitors based on these and other factors. The Company competes with a variety of domestic and international suppliers of alcoholic beverage products, many of whom have substantially greater financial, distribution and marketing resources and have achieved a higher level of brand recognition than the Company. The Company anticipates increased competition in the specific niche areas of the alcoholic beverage industry that it intends to serve from major importers, distributors and suppliers of alcoholic beverages such as Brown-Forman Company, Barton Beers Ltd., Kobrand Corporation and Allied Domecq Spirits and Wines, each of whom has introduced and is marketing alcoholic beverages designed to serve specific niche areas of the alcoholic beverage industry. These large importers, distributors and suppliers dominate the overall importation and/or distribution of alcoholic beverages in the United States and the Company expects that certain of these companies, with their superior financial resources and established distribution networks, will seek further participation in niche areas of the alcoholic beverage industry through the increased acquisition of alcoholic beverage products to distribute, or the formation of distribution alliances with the producers of alcoholic beverage products which serve specific niche areas of the alcoholic beverage industry. Increased competition could result in price reductions, reduced profit margins and loss of market share, all of which would have a material adverse effect on the Company's business, financial condition and results of operations. |
| Additional Underwriter Compensation |
| Additional compensation of $37,375. |
| Warrant to purchase 26,000 shares/units at $260.00 per share/unit. |
| Exercise price of $7.00 . |
| Warrant Information | |||||||||||||||||||||||||||||||||||||||||||||
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