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Company Links |
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Major Stock Holders
(Prior To
Offering) |
Name |
Class A |
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James P. Wilson |
54.45% |
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Keith D. Spickelmier |
44.54% |
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Michael H. McConnell |
1.00% |
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Major Stock Holders
(After Offering) |
Name |
Common Stock |
Class A |
Class B |
Class C |
Class L |
ADS |
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James P. Wilson |
0% |
10.81% |
0% |
0% |
0% |
0% |
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Keith D. Spickelmier |
0% |
8.91% |
0% |
0% |
0% |
0% |
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Company Strategy |
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A blank check company incorporated in Delaware on May 11, 2005, in order to serve as a vehicle for a business combination with an operating business. |
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Product/Services Portfolio |
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To date, the Company has not selected or approached any target business on which to concentrate its search for a business combination. Subject to the limitations that a target business must have a fair market value of at least 80% of the Company’s net assets at the time of the acquisition, it will have virtually unrestricted flexibility in identifying and selecting a prospective acquisition candidate. Although the Company will focus on acquiring an operating business in the industrial manufacturing and distribution sector, it may acquire companies operating in any industry it chooses. To the extent the Company effects a business combination with an entity in its early stage of development or growth, including entities without established records of sales or earnings, it may be affected by numerous risks inherent in the business and operations of early stage or potential emerging growth companies.
The Company anticipates that target business candidates will be brought to its attention from various unaffiliated sources, including investment bankers, venture capital funds, private equity funds, management buyout funds and other members of the financial community, who may present solicited or unsolicited proposals. The Company’s officers and directors as well as their affiliates may also bring to its attention target business candidates.
Subject to the requirement that the Company’s initial business combination must be with a target business with a fair market value that is at least 80% of its net assets at the time of such acquisition, its management will have virtually unrestricted flexibility in identifying and selecting a prospective target business.
The structure of a particular business combination may take the form of a merger, capital stock exchange, asset acquisition or other similar structure. The Company may issue a substantial number of additional shares of its common stock or preferred stock, a combination of common and preferred stock, or debt securities, to complete a business combination.
At the time the Company seeks stockholder approval of any business combination, it will offer each public stockholder the right to have such stockholder’s shares of common stock converted to cash if the stockholder votes against the business combination and the business combination is approved and completed.
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Investment Analysis |
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The Company has neither engaged in any operations nor generated any revenues to date.
The Company’s entire activity since inception has been to prepare for its proposed fundraising through an offering of its equity securities.
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Income Data (Thousand $ Except EPS) |
| Year |
Revenues |
Costs |
Oper Income |
Taxes |
Net Income |
EPS |
| 2005
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0.00 |
0.00 |
0.00 |
0.00 |
-3,012 |
0.00 |
| *As of period Ended May 11 to 18, 2005
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Balance Sheet Data
(Thousand $) |
Year |
Cash |
Acct Recv. |
Inventory |
Total Cur Assets |
Total Cur Liability |
PPE |
Total Assets |
LT Debt |
SH Equity |
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2005 |
124,988 |
0.00 |
0.00 |
0.00 |
103,000 |
0.00 |
124,988 |
0.00 |
21,988 |
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| Cash
Flow Summary
(Thousand $) |
Year |
Net Cash-Ops |
Net Cash-Inv |
Net Cash-Fin |
Net Change |
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2005 |
-12 |
0.00 |
125,000 |
124,988 |
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*As of period Ended May 11 to 18, 2005
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- Value Gap 
- Short-Term Growth
- Long-Term Growth 
- Long-Term Value 