| IPO Company Profile |
| SEC Filings | Peer IPO Companies |
| Performance Printing Corporation |
| 3012 Fairmount, Dallas, TX 75201 * (214) 665-1000 |
| The company is a specialty printing and display manufacturing company that is a single-source supplier of point-of-purchase and promotional marketing materials. |
| Manager | Tier | Phone |
| First London Securities Corporation | Lead Manager | (800) 248-9461 |
| Employees: | 160 | Manufacturing: | SIC 2791 | |
| Type of Shares: | Common Shares | Filing Date: | 2/11/98 | |
| U.S. Shares Filed: | 1,200,000 | Filing Range: | $4.00 - $6.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $6,000,000 | |
| Primary Shares: | 1,200,000 | Expenses: | $500,000 | |
| Secondary Shares: | 0 | Post-IPO Shares: | 5,600,000 |
| Issuer's Law Firm: | Garza & Staples, P.C. |
| Bank's Law Firm: | Crouch & Hallet |
| Registrar/Transfer Agent: | ChaseMellon Shareholder Services, L.L.C. |
| Auditor: | Travis Wolff & Company |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Audited Income | Balance Sheet | ||
| 12/31/97 | 12/31/97 | ||||
| Revenue: | $20.11 | Assets: | $9.82 | ||
| Net Income: | $0.36 | Curr Assets: | $5.96 | ||
| EPS: | $0.08 | Liabilities: | $8.57 | ||
| Prior EPS: | $0.03 | Curr Liab: | $5.59 | ||
| Cash Flow/Oper: | $0.49 | Equity: | $1.25 | ||
| Cash Flow/Fin: | -$1.20 | Cash: | $0.76 | ||
| Cash Flow/Inv: | $0.66 | Working Cap: | $0.37 | ||
| Competition |
| The commercial printing industry is extremely competitive and fragmented. The Company has no patented or proprietary products. The Company competes with numerous large and small printing companies, some of which have greater financial resources, and the number of printing companies providing UV curing of inks and coatings is greater at this time than it has been in prior years. The Company competes on the basis of ongoing customer service, quality of finished products and price. No assurance can be given that the Company will be able to compete effectively in the future. |
| Business Plan |
| Historically, the Company has grown and profited by increasing its capacity and adding services complimentary to its existing specialties. The Company has a two-point growth strategy for the future: (I) Internal Growth and (ii) Acquisitions. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay outstanding indebtedness, fund capital expenditures and provide additional working capital. |