| IPO Company Profile |
| SEC Filings | Peer IPO Companies |
| Asia Construction Technologies-USA, Incorporated |
| 935 North Industrial Park Drive, Orem, UT 84057 * (801) 935-1656 |
| The company is a development stage company formed to hold the master license of a wall construction technology from Integrated Masonry Systems International, Inc. of Orem Utah and to license said construction technology in Asia. |
| Manager | Tier | Phone |
| A.R. Josselyn Inc. | Lead Manager |
| Employees: | 3 | Construction: | SIC 1522 | |
| Type of Shares: | Common Shares | Filing Date: | 2/5/98 | |
| U.S. Shares Filed: | 300,000 | Filing Price: | $16.67 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $5,001,000 | |
| Primary Shares: | 300,000 | Expenses: | $0 | |
| Secondary Shares: | 0 | Post-IPO Shares: | 1,000,000 |
| Issuer's Law Firm: | General Counsel |
| Auditor: | Pritchett, Siler & Hardy, P.C. |
| Competition |
| Competitors include manufacturers of red brick, conventional cement/cinder blocks and all other forms of construction. The Construction Industry is noted for slow and gradual change in materials, methods and technologies. The testing of new materials usually requires a minimum of 5-6 years in addition to getting building trade workers to shed long-term habits and become comfortable with new ways of doing things. The Company may compete for market share with companies that are larger and better financed than the Company. It is also possible that other companies may be developing construction materials and technologies comparable to IMSI's. There can be no assurance that either existing or new competitors will not develop technologies that are superior to or more cost-effective than or that otherwise achieve greater market acceptance. There is also no assurance that the Company will be able to compete successfully against existing competitors or future entrants into the market. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay the pre-start up expenses of the company, to purchase the necessary inventory and for general corporate purposes. |