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Leisure Time Casinos & Resorts, Inc.
4258 Communications Drive, Norcross, GA 30093 * (770) 923-9900
Business Description Leisure Time principally develops, manufactures and sells programmable touch screen video gaming machines that offer players a choice of up to 12 different games of chance on one machine.
Offering
Information

Company has
gone public

Trading As  LTCR (NASNTL) Industry  Service (SIC 7011)
Type of Stock Offered  Common Shares Filing Date  05/04/1999
Domestic Shares Offered  700,000 Offer Date  09/15/1999
Foreign Shares Offered  0 Filing Range  $11.00 - $13.00
Company Shares  700,000 Offer Price  $12.00
Selling Shrhldrs Shares  0 Gross Spread  $0.960
Gross Proceeds  $8,400,000 Selling  $0.500
Expenses  - - Reallowance  $0.100
Post-IPO Shares  5,922,000 Employees  234
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Schneider Securities, Inc. Lead Manager (303) 837-9200
Income
Statement
and
Cash Flow
Summary
  Prior
Audited
Income
Latest
Unaudited
Income
  Full Year Audited Figures 6 Months Ending
Figures in U.S. millions except per share data     06/30/1996 06/30/1997 06/30/1998 12/31/1997 12/31/1998
Revenues   - - 0.000 29.838 28.643 19.405 29.008
Income from Oper.   - - -1.397 6.426 1.917 5.227 4.347
Net Income   - - -1.397 4.688 -0.929 1.371 2.738
E.P.S   - - -0.350 1.080 -0.210 0.300 0.590
Revenue Growth (%)      - - - -4.005   49.49
Net Income Growth (%)      - - - -   99.71
Oper. Profit Margin (%)    - - - 21.54 6.69 14.99 26.94
Net Profit Margin (%)    - - - 15.71 - 9.44 7.07
Cash Flow - Oper.     0.68 4.59 5.84
Cash Flow - Inv.     -1.19 -2.60 -4.03
Cash Flow - Fin.     0.30 0.79 0.84
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 12/31/1998 Financial Ratios
Total Assets    29.41 Current Assets    8.84 Current Ratio    0.80
Total Liab.    22.15 Current Liab.    10.99 Debt Ratio    75.32%
Total Equity    7.26 Working Cap.    -2.16 Debt to Equity Ratio    3.05
Cash    3.54    Return on Assets   9.31%
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Smith, McCullough & Ferguson, P.C.
Bank's Law Firm  Berliner Zisser Walter & Gallegos
Registrar/Transfer Agent  America Securities Transfer
Auditor  Ehrhardt Keefe Steiner & Hottman
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Last updated: 09/29/1999 3:51:42 AM
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