| IPO Company Profile |
| SEC Filings | Peer IPO Companies |
| Havana Group, Inc. The |
| 4450 Belden Village Street, N.W., Suite 406, Canton, OH 44718 * (330) 492-8090 |
| The company is a direct marketer which publishes a catalog selling pipes, tobacco and smoking products. |
| Manager | Tier | Phone |
| VTR Capital, Inc. | Lead Manager | (212) 422-6930 |
| Employees: | 1 | Retail: | SIC 5999 | |
| Type of Shares: | Common Shares | Filing Date: | 2/9/98 | |
| U.S. Shares Filed: | 460,000 | Filing Price: | $6.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $0 | |
| Primary Shares: | 460,000 | Expenses: | $434,000 | |
| Secondary Shares: | 0 | Post-IPO Shares: | 1,860,000 |
| Issuer's Law Firm: | Lester Morse, P.C. |
| Bank's Law Firm: | Mintz & Gold, LLP |
| Registrar/Transfer Agent: | Harris Trust Company of NY |
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: | $1.66 | $1.01 | $1.22 | Assets: | $1.11 |
| Net Income: | -$0.12 | -$0.02 | -$0.12 | Curr Assets: | $1.02 |
| EPS: | -$0.12 | -$0.02 | -$0.12 | Liabilities: | $0.15 |
| Prior EPS: | -$0.06 | Curr Liab: | $0.87 | ||
| Cash Flow/Oper: | $0.03 | -$0.18 | -$0.07 | Equity: | $0.96 |
| Cash Flow/Fin: | -$0.04 | $0.19 | $0.06 | Cash: | $0.01 |
| Cash Flow/Inv: | -$0.01 | Working Cap: | $0.15 | ||
| Competition |
| The Company believes that there are currently approximately 1,000 to 1,500 full line smoke shops in the United States. While certain retail smoke shops have adopted catalogs and mail order techniques as a method for creating additional revenue, the Company believes that the number of retailers involved in this area of distribution to be relatively small in number. The Company has identified three companies that are involved in mail order as a primary method of sales and distribution, and believes that this constitutes the Company's primary current mail order competition. The three identified competitors, which include 800 JR Cigar, Thompson's Cigar and Fink are all mail order cigar businesses that are substantially larger than the Smokeshop. Management believes that the largest competitor in the mail order cigar business is 800 JR Cigar. Competition in all aspects of the Company's business is intense with many competitors having more experience and greater financial resources than the Company. No assurances can be given that the Company will be able to successfully compete in all aspects of its business in the future. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for the purchase of inventory, humidor construction, the repayment of debt and stock dividends and working capital and general corporate purposes. |
| Additional Underwriter Compensation |
| Additional compensation of $46,000. |
| Warrant to purchase 46 shares/units at a nominal price. |
| Exercise price of $9.00 for 4 year(s), 1 year(s) from . |
| $100,000.00 consulting agreement for 2 year(s). |
| # of Units: | 460,000 | |||
| Unit Ticker: | - | Unit Price: | ||
| Warrant Ticker: | ZZZ | Warrant Price: | ||
| Warrant Exercise Date: | Warrant Exercise Price: | |||
| Warrant Expiration Date: | ||||
| Warrant Detachable: | Yes | Warrant Detach Date: | ||
| Warrant Callable: | No |
| Unit Composition: 1 Common Share + 2 Class A Warrants |
| Warrant Entitlement: 1 Common Share |