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Jeremy's Microbath Ice Creams, Inc.
3401 Market St., Suite 312, Philadelphia, PA 19104 * (215) 823-6885
Business Description The company develops, markets and sells super-premium ice cream using high-quality ingredients.
Offering
Information

Company has
gone public

Trading As  JMIC (NASSCM) Industry  Retail (SIC 5451)
Type of Stock Offered  Common Shares Filing Date  10/25/99
Domestic Shares Offered  1,200,000 Offer Date  2/14/00
Foreign Shares Offered  0 Filing Range  $5.00 - $7.00
Company Shares  1,200,000 Offer Price  $6.00
Selling Shrhldrs Shares  0 Gross Spread  $0.600
Gross Proceeds  $7,200,000 Selling  $0.360
Expenses  - - Reallowance  $0.180
Post-IPO Shares  3,000,000 Employees  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
First Montauk Securities Corp. Lead Manager (908) 842-4700
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   - - - - 0.416 0.135 0.854
Income from Oper.   - - - - -0.951 -0.428 -0.825
Net Income   - - - -0.281 -0.956 -0.433 -0.858
E.P.S   - - - -0.010 -1.660 -1.050 -0.820
Revenue Growth (%)      - - - -   530.53
Net Income Growth (%)      - - - -   -
Oper. Profit Margin (%)    - - - - - - -
Net Profit Margin (%)    - - - - - - -
Cash Flow - Oper.     -0.93 -0.44 -0.98
Cash Flow - Inv.     -0.04 -0.04 -0.36
Cash Flow - Fin.     1.05 0.50 1.20
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 6/30/99 Financial Ratios
Total Assets    0.83 Current Assets    0.49 Current Ratio    0.90
Total Liab.    0.58 Current Liab.    0.54 Debt Ratio    69.15%
Total Equity    0.26 Working Cap.    -0.06 Debt to Equity Ratio    2.24
Cash    0.04    Return on Assets   -
Use Of
Proceeds
The proceeds from the proposed offering will be used for working capital, advertising and promotions and repayment of debt.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Eckert Seamans Cherin & Mellott, LLC
Bank's Law Firm  Goldstein & Digioia, L.L.P.
Registrar/Transfer Agent  StockTrans, Inc.
Auditor  BDO Seidman
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Principal
Shareholders
Name of Shareholder% Owned
Before
% Owned
After
Bluestem Capital Partners, II, L.P. 75.61  
Strive, Inc. 17.96  
Note: represents ownership of 5% or more prior to the offering.

Last updated: 5/29/00 12:56:40 AM
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