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| Training Devices International, Inc. |
| 7367 S. Revere Parkway, Bldg. #2-C, Englewood, CO 80112 * (303) 792-3792 |
| Business Description | The company develops and manufactures technology-based full flight simulators and flight training devices for the training of commercial aviation pilots. |
|
Filing Information IPO has been | |||
| To Trade As | - - (NASSCM) | Industry | Manufacturing (SIC 3699) |
| Type of Stock Offered | Common Shares | Filing Date | 8/18/99 |
| Domestic Shares Filed | 1,200,000 | Filing Range | $6.00 - $8.00 |
| Foreign Shares Filed | 0 | Offering Amount | $8,400,000 |
| Company Shares | 1,200,000 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | 3,268,530 |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Kashner Davidson Securities Corporation | Lead Manager | (941) 951-2626 |
| 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 | 12/31/97 | 12/31/98 | 6/30/98 | 6/30/99 | |||
| Revenues | - | - | - | 2.201 | 1.498 | 0.484 | 0.856 |
| Income from Oper. | - | - | - | -0.450 | -1.625 | -0.758 | -0.485 |
| Net Income | - | - | - | -0.454 | -1.637 | -0.756 | -0.513 |
| E.P.S | - | - | - | -0.660 | -1.290 | -0.600 | -0.390 |
| Revenue Growth (%) | - | - | - | -31.940 | 76.86 | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -0.52 | -0.72 | -0.53 | ||||
| Cash Flow - Inv. | -0.21 | -0.19 | -0.05 | ||||
| Cash Flow - Fin. | 0.19 | 0.19 | 0.40 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 6/30/99 | Financial Ratios | ||||
| Total Assets | 0.45 | Current Assets | 0.16 | Current Ratio | 0.15 |
| Total Liab. | 1.17 | Current Liab. | 1.02 | Debt Ratio | 260.85% |
| Total Equity | -0.72 | Working Cap. | -0.87 | Debt to Equity Ratio | - |
| Cash | 0.00 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to repay 14% Notes in the principal amount of $890,000, to fund the development and manufacture of simulators for the NEXUS program and our proposed initial training centers, to fund general corporate purposes including overhead and operating losses, and possibly to make complementary acquisitions of existing simulators or businesses with simulators for training pilots. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Holland & Knight |
| Bank's Law Firm | McAfee & Taft |
| Registrar/Transfer Agent | American Securities Transfer, Inc |
| Auditor | Arthur Andersen |
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