| IPO Company Profile |
| SEC Filings | Peer IPO Companies |
| Massimo Enterprises, Inc. |
| 8643 Grenadier Drive, Dallas, TX 75238 * (214) 340-3506 |
| The company is a development stage company which was formed in May 1994, the company has developed and patented an applicator for applying hair relaxer and a line of hair care products to be marketed primarily to African Americans. |
| Manager | Tier | Phone |
| Non Underwritten Offering | Lead Manager |
| Employees: | 0 | Manufacturing: | SIC 2844 | |
| Type of Shares: | Common Shares | Filing Date: | 11/25/98 | |
| U.S. Shares Filed: | 1,000,000 | Filing Price: | $4.25 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $4,250,000 | |
| Primary Shares: | 1,000,000 | Expenses: | - | |
| Secondary Shares: | 0 | Post-IPO Shares: | 1,700,033 |
| Issuer's Law Firm: | General Counsel |
| 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 | ||
| 12/31/97 | 9/30/98 | 9/30/97 | 9/30/98 | ||
| Revenue: | $0.00 | $0.00 | $0.00 | Assets: | $0.28 |
| Net Income: | -$0.09 | -$0.08 | -$0.03 | Curr Assets: | $0.21 |
| EPS: | -$0.18 | -$0.13 | -$0.07 | Liabilities: | $0.00 |
| Prior EPS: | -$0.25 | Curr Liab: | $0.00 | ||
| Cash Flow/Oper: | $0.09 | $0.08 | $0.03 | Equity: | $0.27 |
| Cash Flow/Fin: | $0.15 | $0.14 | $0.03 | Cash: | $0.13 |
| Cash Flow/Inv: | $0.00 | $0.00 | Working Cap: | $0.21 | |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to provide additional funds for marketing and product development and for working capital and other general corporate purposes. |