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| Shochet Holding Corp. |
| 2351 East Hallandale Beach Boulevard, Hallandale, FL 33998 * (954) 454-0304 |
| Business Description | The company provides its customers a broad range of financial services through its subsidiary, Shochet Securities, including full service, discount brokerage services. |
|
Filing Information Not yet | |||
| To Trade As | SHOC (NASSCM) | Industry | Financial (SIC 6211) |
| Type of Stock Offered | Common Shares | Filing Date | 2/23/00 |
| Domestic Shares Filed | 1,000,000 | Filing Range | $7.00 - $9.00 |
| Foreign Shares Filed | 0 | Offering Amount | $8,000,000 |
| Company Shares | 1,000,000 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | 2,200,000 |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Gaines Berland | Lead Manager | (516) 470-1529 |
| Shochet Securities, Inc. | Co-manager |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 9 Months Ending | ||||||
| Figures in U.S. millions except per share data | 1/31/98 | 1/31/99 | 10/31/98 | 10/31/99 | |||
| Revenues | - | - | - | 6.607 | 7.753 | 5.609 | 6.002 |
| Income from Oper. | - | - | - | 0.052 | 0.075 | 0.007 | -0.149 |
| Net Income | - | - | - | 0.052 | -0.327 | -0.264 | -0.644 |
| E.P.S | - | - | - | 0.040 | -0.270 | -0.220 | -0.540 |
| Revenue Growth (%) | - | - | - | 17.345 | 7.01 | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | 0.79 | 0.97 | - | 0.12 |
| Net Profit Margin (%) | - | - | - | 0.79 | - | - | - |
| Cash Flow - Oper. | -0.24 | -0.27 | -0.39 | ||||
| Cash Flow - Inv. | -0.57 | -0.53 | -0.17 | ||||
| Cash Flow - Fin. | 0.63 | 0.38 | 0.81 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 10/31/99 | Financial Ratios | ||||
| Total Assets | 3.86 | Current Assets | - | Current Ratio | - |
| Total Liab. | 2.25 | Current Liab. | - | Debt Ratio | 58.27% |
| Total Equity | 1.61 | Working Cap. | - | Debt to Equity Ratio | 1.40 |
| Cash | 0.81 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for advertising and promotion, repayment of debt owed Research Partners, branch office expansion, hiring of personnel, technology improvements, working capital and general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Atlas, Pearlman, Trop & Borkson |
| Bank's Law Firm | Graubard Mollen Horowitz Pomeranz & Shapiro |
| Registrar/Transfer Agent | Continental Stock Transfer & Trust Co |
| Auditor | KPMG LLC |
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| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| Research Partners International, Inc. | 100.00 | |
| Note: represents ownership of 5% or more prior to the offering. | ||