| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies |
| Sherwood Brands, Inc. |
| 6110 Executive Blvd., Suite 1080, Rockville, MD 20852 * (301) 881-9340 |
| The company manufactures, markets and distributes a diverse line of brand name candies, cookies, chocolates and other food products. |
| Manager | Tier | Phone |
| Paragon Capital Corporation | Lead Manager | (800) 969-8173 |
| AMEX: | SHD | Manufacturing: | SIC 2066 | |
| Type of Shares: | Class A Common Shares | Filing Date: | 1/21/98 | |
| U.S. Shares: | 1,550,000 | Offer Date: | 5/6/98 | |
| Non-U.S. Shares: | 0 | Filing Price: | $5.95 | |
| Primary Shares: | 1,550,000 | Offer Price: | $5.95 | |
| Secondary Shares: | 0 | Gross Spread: | $0.60 | |
| Offering Amount: | $9,222,500 | Selling: | $0.21 | |
| Expenses: | $279,000 | Reallowance: | $0.00 | |
| Post-IPO Shares: | 3,700,000 | |||
| Employees: | 54 |
| Issuer's Law Firm: | Greenberg Traurig Hoffman Lipoff Rosen & Quentel |
| Bank's Law Firm: | Tenzer, Greenblatt, Fallon & Kaplan |
| Registrar/Transfer Agent: | Continental Stock Transfer & Trust Co |
| Auditor: | BDO Seidman |
Dollar amounts in U.S. millions except for per share data | |||||
| 3 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Audited Income | Balance Sheet | ||
| 7/31/97 | 10/31/97 | 10/31/96 | 10/31/97 | ||
| Revenue: | $17.42 | $5.27 | $5.28 | Assets: | $9.37 |
| Net Income: | $0.30 | $0.52 | -$0.17 | Curr Assets: | $7.05 |
| EPS: | $0.14 | $0.24 | -$0.08 | Liabilities: | $7.16 |
| Prior EPS: | $0.13 | Curr Liab: | $4.54 | ||
| Cash Flow/Oper: | -$0.66 | $1.05 | -$0.17 | Equity: | $2.21 |
| Cash Flow/Fin: | $1.22 | -$0.86 | $0.35 | Cash: | $0.81 |
| Cash Flow/Inv: | -$0.82 | -$0.24 | Working Cap: | $2.52 | |
| Competition |
| The Company faces significant competition in the marketing and sale of its products. The Company's products compete for consumer recognition and shelf space with candies, cakes, cookies, chocolates and other food products which have achieved international, national, regional and local brand recognition and consumer loyalty. These products are marketed by companies (which may include the Company's suppliers) with significantly greater financial, manufacturing, marketing, distribution, personnel and other resources than the Company. Certain of such competitors, such as Hershey Food Corporation, M&M; Mars, Inc., Nestle, S.A., Nabisco, Inc., Keebler Company and Sunshine Biscuits, Inc., dominate the markets for candy and cookie products, and have substantial promotional budgets which enable them to implement extensive advertising campaigns. The food industry is characterized by frequent introductions of new products, accompanied by substantial promotional campaigns. Competitive factors in these markets include brand identity, product quality, taste and price. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for general corporate purposes. |
| Additional Underwriter Compensation |
| Warrant to purchase 155,000 shares/units at $100.00 per share/unit. |
| Exercise price of $7.14 for 5 year(s), 1 year(s) from 5/6/98. |
| $48,000.00 consulting agreement for 2 year(s). |
| # of Units: | 1,550,000 | |||
| Unit Ticker: | - | Unit Price: | $6.05 | |
| Warrant Ticker: | SHWDW | Warrant Price: | $0.10 | |
| Warrant Exercise Date: | Warrant Exercise Price: | $7.50 | ||
| Warrant Expiration Date: | ||||
| Warrant Detachable: | Yes | Warrant Detach Date: | ||
| Warrant Callable: | No |
| Unit Composition: 1 Class A Common Share + .5 Class A Warrant |
| Warrant Entitlement: 1 Class A Common Share |