| IPO Company Profile |
| SEC Filings | Peer IPO Companies |
| Oasis Car Wash, Inc. |
| 15209 Addison Road, Addison, TX 75248 * (972) 239-5180 |
| The company is an innovative chain of upscale, full-service car washes providing the convenience of full service gas, washing and detailing in a modern, customer-oriented environment. |
| Manager | Tier | Phone |
| First London Securities Corporation | Lead Manager | (800) 248-9461 |
| Employees: | 101 | Service: | SIC 7542 | |
| Type of Shares: | Common Shares | Filing Date: | 2/11/98 | |
| U.S. Shares Filed: | 2,000,000 | Filing Price: | $5.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $0 | |
| Primary Shares: | 2,000,000 | Expenses: | $992,032 | |
| Secondary Shares: | 0 | Post-IPO Shares: | 7,255,000 |
| Issuer's Law Firm: | Jackson & Walker |
| Bank's Law Firm: | Phillips & Haddan |
| Auditor: | Killman, Murrell & Company |
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: | $6.33 | $5.68 | $4.54 | Assets: | $14.08 |
| Net Income: | -$0.38 | -$0.95 | -$0.17 | Curr Assets: | $0.61 |
| EPS: | -$0.08 | -$0.19 | -$0.03 | Liabilities: | $14.06 |
| Prior EPS: | $0.02 | Curr Liab: | $4.93 | ||
| Cash Flow/Oper: | $0.28 | -$0.55 | $0.21 | Equity: | $0.02 |
| Cash Flow/Fin: | $11.82 | $2.88 | $11.87 | Cash: | $0.06 |
| Cash Flow/Inv: | -$11.99 | -$2.43 | -$11.77 | Working Cap: | -$4.32 |
| Competition |
| The car wash industry is highly competitive. Competition is based primarily on location, facilities, customer service, available services and rates. The Company's competitors may have significantly greater financial and operating resources than the Company. The Company faces competition from sources outside the car wash industry, such as gas stations, that offer automated car wash services. Because barriers to entry in the general car wash industry are relatively low, competition may arise from new sources not currently competing with the Company. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to fund its acquisition strategy, for capital expenditures for existing car wash locations, to repay indebtedness and for working capital and for general corporate purposes. |