7/25/2019 Dig 101861

1/3

CURITI AND

XCHANG COMMI ION

h1mW~ IDU@m~~

A

e

rief summ ry of fin nci l propos ls filed with nd ctions y the S E C

III .,4I.,lnl

f.1I

toxt

f

R.I.o...

1r01ll Publicotlo l

U:tlt.

cit.

IIUIII

It.,

Washington 25,D

FOR R E L E SE . . . . . ; : ; o~c. : ; ; t o~b; . ; : e. =. . r. . . : l ~9; . : : ; 6

SEC

TO

PARTI CI PATE

I N

TRUSTORS'

CORP.

REORGANI ZATI ON.

The

SEC

has

ent ered

i t s

appear ance

i n

t he

Chapt er X proceedi ngs f or t he r eorgani zat i on of Trustors' Corpor ati on. of Los Angel es. The Debt or operat ed

pr i nc i pal l y

i n

Southern

Cal i f or ni a

w t h

of f i c es

i n

Los

Angel es.

I t s

busi ness

was

t he

pur chase

and

r esal e

of second t r us t deed not es. I nvestors i n t hese not es wer e prom sed an annual return of 10~ on t hei r i nvest -

ment .

The

not es

wer e

ret ai ned

i n

t he

possessi on

of

t he

Debt or

whi ch

servi ced

t hem f o r

i t s

cust omer s

by

att endi ng t o such matt ers as col l ec t i ons and del i nquenci es. Some 1, 800 i nvestors hol d about $8. 9 m l l i on

i n f ace amount of not es. $1. 5 m l l i on of whi ch ar e t he Debt or' s own obl i gat i ons secured by var i ous of i t s

assets. Many of t he t r us t not es ar e now i n def aul t .

The

Debt or

al so

has

out st andi ng

42. 834

shares

of

6~ cumul at i ve

pref er r ed

stock,

$5

par

val ue,

hel d

by

492 shar ehol der s. Al l of t he pref erred stock was sol d t o t he publ i c f ol l ow ng r egi s t r a t i on under t he Secur i

t i es Act of 1933. Al l of t he out st andi ng common stock hel d by of f i c er s of t he company.

As of J anuar y 31, 1961, t he Debt or' s unaudi t ed bal ance sheet showed asset s t ot al l i ng about $9. 8 m l l i o n ,

consi st i ng of $3. 3 m l l i on i n real estate and $6. 5 m l l i on r ecei vabl e under cont racts by whi ch i t had sol d

real estate. As of t he same dat e, l i abi l i t i es consi st ed of $8. 9 m l l i on i n mor t gages payabl e.

NUTRI - BI O

CORP.

FI LES

FOR

SECONDARY.

Nut r i - Bi o

Corpor ati on,

291

South

La

Ci enega

Bl vd. ,

Beverl y

Hi l l s .

Cal i f f i l ed a r egi s t r a t i on st at ement ( F i l e 2- 19144) w t h t he SEC on Oct ober 17t h seeki ng r egi s t r at i on of

1. 200. 000

out st andi ng

shares

of

common

stock,

t o

be

of f ered

f or

publ i c

sal e

by

t he

present

hol der s

t hereof .

The

of f er i ng

w l l

be

made

at

$5

per

shar e

t hrough

under wr i t ers

headed

by

Vi ckers,

MacPher son

Warw ck.

I nc.

whi ch w l l recei ve a 50 per share comm ssi on and $35, 000 f or expenses. The r egi s t r at i on st at ement al so i n-

cl udes

120. 000

out st andi ng

shares

under l yi ng

l 8-mont h

warr ant s

t o

be

sol d

t o

t he

under wr i t ers

by

t he

s el l i ng

st ockhol der s

f or

$1. 200.

exerci sabl e

at

$5

per

share.

The

under wr i t ers

w l l

del i ver

warr ant s

t o

pur chase

20, 000 of such shares t o Mur r ay Gi l ber t f or servi ces i n connect i on w t h t hi s of f er i ng. The prospectus state

t hat 600. 000 of t he shares bei ng of fered w l l be reserved f or pr i or of f e r i ng t o cer t ai n of t he company' s

di s t r i buto r s

at

t he

publ i c

of f er i ng

pr i ce.

The company i s engaged pr i mar i l y i n t he sal e and di s t r i but i on t hr oughout t he Uni t ed States of vi t amn.

m neral

and

pro tei n

di etary

f ood

suppl ement s

f or

human

consumpt i on.

I t

has

out st andi ng

3. 547. 985

shares

of

common stock ( a f t e r gi vi ng ef fect t o a r ecent 33S- f or - l stock s p l i t ) , of whi ch J . Ear l Shoaf f , presi dent and

board chai r man, and F. Ri chard Schnackenber g. J . Harr y Ebber t , J ames C, Lew s . Rober t Cumm ngs and Paul R.

Wat son,

seni or

v i ce

presi dent s,

own

16. 74~,

10. 76~,

15. 62~,

14. 90%

l 5. 99~ and

l 4. 90~,

respect i vel y .

and

propose

t o

sel l

200, 000

shares

each.

HOERNER BOXES FI LES STOCK PLAN. Hoer ner Boxes, I nc . , 600 Mor gan Street , Keokuk, I owa, f i l ed a r egi s t r a -

t i on

st at ement

( F i l e

2- 19147)

w t h

t he

SEC

on

Oct ober

16t h

seeki ng

r egi s t r at i on

of

64, 000

shares

of

common

stock. t o be of f ered pursuant t o i t s 1960 Key Empl oyees ' Rest r i c ted Stock Opti on Pl an.

POPULAR LI BRARY FI LES ~9R SECONDARY. Popul ar L i brary , I nc . , 355 Lexi ngt on Avenue. New York, f i l ed a r e

i s t r at i on st at ement ( F i l e 2- 19148) w t h t he SEC on Oct ober 17t h seeki ng r egi s t r a t i on of 127, 500 out st andi ng

shares of capi t al st ock, t o be of fered f or publ i c sal e by Ned L. Pi nes, presi dent . The of f er i ng w l l be

made on an al l or none basi s t hrough under wr i t ers headed by Sutro Br os. Co. The publ i c of f er i ng pr i c e and

underwri t i ng t er ms ar e

t o

be suppl i ed by amendment . The r egi s t r a t i on st at ement al so i ncl udes I 50, 000

shares i ssuabl e upon conver si on of t he 4~ conver t i bl e not es of t he company, and ( 2) 20, 000 out st andi ng shar

previ ous l y sol d by Pi ne~ t o ~ert ai n pers ons and compani es. Of t he l at t er stock, 10, 000 shares ( and 10. 000

shares

whi ch

t he

underwr l t ~r

w l l

reserve

f or

sal e

t o

Harol d

Capl i n.

an

associ ate

of

t he

under wr i t er,

and

t o associ ates of hi s , at t he publ i c of f er i ng pr i ce) may be sol d f r om t i me t o t i me at pr i vate sal e or i n t he

over- t he- counter

mar ket

or

on

an

exchange,

i f

t he

stock

i s

l i s t ed,

at

pr i ces

r e l ated

t o

t he

mar ket

pr i ces

pre

vai l i ng at t he t i me of ~a1e

The company i s pr i ~~r i l y engaged i n t he publ i cat i on and sal e of pocket - s i ze paper back books and al so

publ i shes

and

s el l s

magazi nes.

I n

addi t i on

t o

cer t ai n

i ndebt edness.

t he

company

has

out st andi ng

466, 000

shares of capi t al st o~k. of whi ch Pi nes owns 446. 000 shares and pr oposes t o sel l t he 127, 500 shares. I n

Sept ember

1961.

t he

company

sol d

$200, 000

of

4~~ conver t i bl e

not es

t o

cer t ai n

of

t he

partners

i n

Sutro

Bros,

and t o Harol d S. Capl i n. The not es ar e conver t i bl e at t he r a te of 25 shares f or each $100 of not es. Pi nes

sol d

t he

sai d

20. 000

shares

i n

Sept ember

1961

as

f ol l ows:

7, 500

t o

Frank

P.

Lual di

f or

$20, 000;

2. 500

t o

partners and a f ormer p~r t ner i n Whi t ehor n Corw n f or $10. 000; 5, 000 t o Frankel , Abr aham Company f or

$20, 000;

and

5, 000

t o

McGol dri ck,

Dannet t ,

Horow tz

Gol ub

f or

$20. 000.

As

i ndi cat ed

above,

t he

shares

owned

by

t he

l at t er

t wo

f i rms

ar e

i ncl uded

i n

t he

st at ement.

I NTERNATI ONAL

AFRI ~AMERCLAN

SEEKS ORDER.

I nternat i onal

Af r i can

Amer i can

Corpor ati on.

New York

i nves

ment company, has appl i ed t o t he SEC f or an exempt i on order under t he I nvestment Company Act w t h respect t o

t he exerci se of cer t A, . ; ' ll tinl119 t o pur chase secur i t i es and t he subsequent sal e of such secur i t i es t o a f f i l i a t

per sons;

and

t he

Comm ss i on

has

i ssued

an

or der

( Rel ease

l C- 3336)

gi vi ng

i nterested

pers ons

unt i l

Oct ober

30

t o

r equest

a beari ng

t h~r con,

OVI R

7/25/2019 Dig 101861

2/3

NEWS DI GEST, OCTOBER 18. 1961

Page

2

The appl i cant ( l I l AACI t )was organi zed f or t he pur pose of acqui r i ng, expl or i ng and devel opi ng a m ni ng

cessi on i n L i ber i a. I n 1953 i t obt ai ned a m ni ng concessi on f r om t he L i ber i an gover nment and organi zed

L i ber i an Amer i can- Swedi sh M nera l s Company ( Lamco ) , a L i ber i an cor porati on, t o operat e t he concessi on;

50% of

Lamco' s

stock

was

i ssued

t o

l AAC

and

t he

bal ance

t o

t he

L i ber i an

gover nment

i n

l i e u

of

al l

t axes

r wi se payabl e by Lamco. Subsequentl y, l AAC t r ans f er r ed one- hal f of i t s i nteres t ( or 25% of Lamco' s

t o a group of s i x l arge Swedi sh I ndust r i al concerns known as t he Swedi sh Lamco Syndi cate. The i nt e r -

l AAC and t he Syndi cate i n Lamco wer e l at e r t r ans f er r ed t o L i ber i an I r on Or e Li m t ed ( I I LI O ) ; and by

of cer t ai n comm t ment s and i nvest ment s by t he Syndi cate i n L10, I AAC' s i nt eres t i n LI O now approxi -

at es 16% Beth l ehem Steel Cor p. i n 1958 obt ai ned a 25% i nt eres t i n t he concessi on by ent er i ng i nt o a j Oi nt

nt ur e wi t h Lamco t o devel op t he concessi on. By J une 14, 1961, ar r angement s wer e compl et ed f or t he f i nan-

ng of Lamco' s por t i on of t he expenses of t he j oi nt venture under whi ch about $125. 000, 000 i s t o be made

vai l abl e

t o

Lamco

f or

f ur t her

devel opment

of

t he

concessi on.

Under recent agr eement s and i n or der t hat l AAC m ght r egai n a por t i on of i t s f or mer equi t y i nt eres t i n

O and Lamco. I AAC has been grant ed t he f ol l owi ng opt i ons: ( a) Opti ons t o pur chase f r om LI O al l or any

of 40, 000 LI O shares f or an opt i on pr i c e i n cash of $10 per share; ( b) Opti ons t o pur chase f r om t he

yndi cate

al l

or

any

par t

of

237, 412

LI O

shares

f or

an

opt i on

pr i c e

i n

cash

equal

t o

$15

per

share

pl us

i n-

at t he r a te of 6% per annum f r om December 31, 1960 t o t he date of payment of t he opt i on pr i ce; and ( c

pti ons t o pur chase f r om t he Syndi cate al l or any par t of $6, 000, 000 of LAMeO debentures and 180, 000 LI O

i n uni ts cons i s t i ng of three LI O shares and one $100 pr i nc i pal amount LAMeO debenture at an opt i on

r i c e i n cash of $100 pl us accrued i nt eres t f or each uni t . l AAC proposes t o i s sue t o i t s st ockhol ders, pr o

and wi t hout cost , three c l asses of t rans f erabl e r i ght s c er t i f i cat e s r epr esent i ng r i ght s t o pur chase t he

and debentur es cover ed by each of t he three c l asses of opt i ons at l AAC' s exer c i se pr i ce. Some of such

ockhol ders ar e af f i l i at ed per sons of l AAC. l AAC may sel l unexer ci sed opt i ons or exerc i se sueh opt i ons and

l l t he secur i t i es t hus acqui r ed.

FEDERATED

FUND

SEEKS

ORDER.

Feder at ed

Fund,

Bost on,

has

appl i ed

t o

t he

SEC

f or

an

or der

under

t he

I n-

t ment Company Act decl ar i ng t hat i t has ceased t o be an i nvest ment company; and t he Comm ssi on has i ssued

or der ( Rel ease I C- 3337) gi vi ng i nt eres ted per sons unt i l November 3d t o r equest a hear i ng t her eon. Pur-

t o a pl an appr oved by shar ehol der s i n 1956, al l of Federat ed' s assets wer e t r ans f er r ed t o I ncome Found

on Fund, I nc. , i n exchange f or t he l at t er ' s shar es, whi ch have been d~st r i but ed i n exchange f or Feder at ed

e res

,

STARDUST

MOTEL

ASSOCI ATES

FI LES

FOR

OFFERI NG.

Star dust

Mot el

Associ ates,

122

East

42nd

Street ,

New

f i l ed a r egi s t r at i on st at ement ( F i l e 2- 19151) wi t h t he SEC on Oct ober 17t h seeki ng r egi s t r a t i on of

15, OOO of Li m t ed Part nershi p I nt eres ts , t o be of f ered f or publ i c sal e i n 71 uni t s . The of f er i ng wi l l be

,i. at $5, 000 per uni t on a best e f f o r t s al l or nothi ng basi s by Nat Ber ger Associ ates, I ncor porated,

hi ch

wi l l

recei ve

a

$375

per

uni t

s el l i ng

comm SSi on

and

$11, 375

f or

expenses.

Associ ates i s a l i m t ed par t ner shi p organi zed under New York l aw i n Oct ober 1961 f or t he pur pose of

i ' L r chas i ng t he f ee t i t l e t o t he Star dust Mot or Hotel , l ocated i n Boi se, I daho. An Agr eement t o pur chase t he

~\ ) t el , ar bi t r ar i l y val ued at $50, 000, was cont r i but ed t o Associ ates by Harol d Agl er, Abr aham M. Karrass,

:~mil

Tauber

and

Nat

Ber ger ,

as

or i gi nal

Li m t ed

Partners,

f or

whi ch

t hey

r ecei ved

Subor di nat ed

Li m t ed

i dr t nershi p I nt e res t s i n t he amount s of $10, 000, $10, 000, $5, 000 and $25, 000, r espect i vel y . I n addi t i on,

' . l er and Karrass each cont r i but ed $5, 000 cash t o t he Part nershi p as t h ei r capi t al cont r i but i on as General

' ar t ners . They wi l l r ecei ve $82, 500 f r om t he Part nershi p and wi l l pay al l expenses i n connecti on wi t h t hi s

01[ er i ng

and

i n

connecti on

wi t h

t he

f ormati on

of

t he

Par t nershi p.

I n

Sept ember

1961,

t he

nom nee

of

t he

v~ gi nal Li m t ed Partners exerci sed an opt i on t o acqui r e t he Mot el f rom Mot or Hotel s, I nc . The pur chase

, ' dc e i s $1, 160, 000, payabl e $245, 000 i n cash, of whi ch $15, 000 was advanced as a deposi t by t he General

P~r t ner s, and t he bal ance by t aki ng t he property subj ect t o a f i r s t mor t gage i n t he amount of $450, 000 and

, \ pur chase money second mor t gage i n t he amount of $465, 000. A brokerage comm ssi on of $37, 500 i s due t o

l ' r l UlP. Zi nner , t he to ta l cost of t he Mot el t heref or bei ng $1, 197, 500. The Mot el wi l l be operat ed by Mot el

u~erat i ng Cor p. under a net l ease wi t h Associ ates.

J OHN NUVEEN CO. FI LES OFFERI NG. J ohn Nuveen Co. , 135 South LaSal l e Street , Chi cago, f i l ed regi s -

, r at i on

st at ement s

( F i l es

2- 19149

and

2- 19150)

W t h

t he

SEC

on

Oct ober

17t h

seeki ng

r egi s t r at i on

of

( 1)

$15, 300, 000 of uni t s r epr esent i ng f rac t i onal undi vi ded i nt e res t s i n t he Nuveen Tax- Exempt Bond Fund, Ser i es

3,

and

( 2)

a

l i k e

amount

of

uni ts

~n

t he

Nuveen

Tax- Exempt

Bond

Fund,

Ser i es

4.

J AYL I S I NDUSTRI ES FI LES FI NANCI NG PLAN. J a y l i s I ndust r i es , I nc . , 514 West Ol ympi c Bl vd. , Los Angel es,

roday f i l ed a r egi s t r at i on st at ement ( F i l e 2- 19152) wi t h t he SEC seeki ng r egi s t r at i on of $850, 000 of 6~%

subordi nat ed s i nk i ng f und debentures due 1971 and 212, 500 shares of Cl ass A commop st ock, t o be of f ered f or

ub

I I c sal e i n uni ts cons i s t i ng of $100 of debentur es and 25 shares. The of f er i ng wi l l be made at $200

, r

uni t

t hrough

underwr i t ers

headed

by

D. E. Li eder man

Co. ,

I nc . ,

whi ch

wi l l

r ecei ve

a

$20

per

uni t

com

~I ss i on and $15, 000 f or expenses. The r egi s t r a t i on st at ement al so i ncl udes ( 1) 30, 000 Cl ass shares under-

i yi ng f i ve- year war r ant s sol d t o t . h eunder wr i t er a~ l per war r ant , exer c i sabl e i ni t i al l y at $5 per share,

.nd

( 2) 21. 000 out st andi ng Cl ass A shares and 21, 000 out st andi ng Cl ass B shares sol d t o t he pr i nc i pal under-

r i t er by t he previ ous hol ders t hereof at $1. 30 and $1 per share, r espect i vel y .

The

company

i s

engaged

i n

t he

manuf act ure,

d ts

t

r f b u

t

ton

,

promot i on

and

sal e

of

t he

I t J ayl i s l l pat ent ed

t raverS i ng

screen

f or

use

as

wi ndow cover i ngs,

r OOI D

di Vi ders,

f ol di ng

door s,

c l oset

encl osur es

and

s i m l a r

vpp l LcatLons , The $1, 475, 000 est i mated net proceeds f r om t he stock sal e wi l l be used as f ol l ows :

1

$130, 000

f or

t he

r epayment

of

out st andi ng

Shol t - t e rm bank

l oans,

t he

proceeds

of

whi ch

wer e

ut i l i zed

by

t he

; ompany

f or

expansi on

of

di s t r i but i on

f a c i l i t i e s

and

wor ki ng

capi t a l ,

( 2)

$57, 000

f or

payment

of

t he

bal ance

G~e on t he pur chase pr i c e of t he bUSi ness and assets of J a y l i s of t he Pac i f i c , a di s t r i buto r of t he

7/25/2019 Dig 101861

3/3

SEC NEWS DI GEST, OCTOBER 18, 1961

Page

3

company' s pr oducts; ( 3) $150, 000 f or t he est abl i shment of a r egi onal of f i c e, company- owned di s t r i but o r s hi p

and

model

r et a i l

out l et

i n

t he

c i t y

of

New York;

( 4)

$250, 000

f or

t he

est abl i shment

of

not

l es s

t han

t wo

addi t i onal company- owned di s t r i buto rshi ps i n maj or market i ng areas t o be sel ect ed by t he company; ( 5)

$100, 000

f or

i ndependent

f r anchi sed

di s t r i buto r

organi zat i on,

r ec r ui t i ng

and

t r ai ni ng;

( 6)

$53, 000

f or

de-

s i gn and pr oduct i on of sal es ai d materi al s; ( 7) $260, UOO f or manuf act uri ng f a c i l i t i e s and addi t i onal tool i n

and ( 8) t he bal ance, or approxi mat el y $475, 000, wi l l be added t o worki ng capi t al and used f or gener al corpo

at e pur poses.

Purs uant t o a proposed recapi ta l i zat i on, t he 20, 000 capi t al shares now out standi ng wi l l be exchanged f

250, 000

new Cl ass

A

shares.

Pr i or

t o

t hi s

of f er i ng,

7, 800

shares

of

Cl ass

common

stock

wi l l

be

i ssued

t o

Uni ver se

Product s

Company

i n

cancel l at i on

of

a

not e

of

t he

company

i n

t he

amount

of

$31, 202,

based

upon

cas

advances

t o

t he

company,

and

4, 836

shares

wi l l

be

i ssued

t o

Paragon

Tool ,

Di e

Engi neeri ng Co. i n cancel l a

t i on

of

a

not e

of

t he

company

i n

t he

amount

of

$19, 345

ar i s i ng

out

of

t he

pur chase

of

cer t ai n

t ool i ng.

At

t he

same

t i me,

300, 000

shares

of

Cl ass

B

common

stock

wi l l

be

i ssued

t o

Uni ver se

Product s

Company,

a

l i m t e

part nershi p of whi ch J ames Hi rashi k i , presi dent of t he company, i s t he s ol e gener al partner, 1n exchange f o

t he

t ransf er

t o

t he

company

of

cer t ai n

l i c ens i ng

and

royal ty

agr eement s

wi t h

r espect

t o

f ore i gn

r i ght s

t o

t he

t l J ayl i s s cr een

and

as

f i nal

consi derat i on

f or

a

pr i or

l i c ens i ng

agr eement

and

stock

of

J a y l i s

Sal es

Corpor ati on. Gi vi ng ef f ect t o t hese t r ansact i ons and s ai d recapi ta l i zat i on, t he company wi l l have out st and

i ng

262, 636

Cl ass

A

and

300, 000

Cl ass

B

shar es,

of

whi ch

Uni ver se

Product s

Company

wi l l

own

50. 51.

and

911. ,

respect i vel y . Hi rashi k i hol ds a 50% i nte rest i n Uni ver se Product s Company. The present book val ue of out -

st andi ng

stock

( a f te r

combi ni ng

Cl ass

A

and

Cl ass

B

shares)

i s

about

25

per

shar e.

Af t er

sal e

of

t he

uni t

book

val ue

wi l l

be

i ncreased

t o

about

$1. 28

per

shar e.

CARI BBEAN SHOE CORP. FI LES FOR_OFFERI NG AND SECONDARY, Cari bbean Shoe Corp. , 253 S. W 8t h Street ,

M am ,

Fl a. ,

t oday

f i l ed

a

r egi s t r a t i on

st at ement

( F i l e

2- 19153)

wi t h

t he

SEC

seeki ng

r egi s t r a t i on

of

149, 794 shares of common stock, of whi ch 146, 667 shares ar e t o be of f ered f or publ i c sal e by t he company

and

3, 127

shares,

bei ng

out st andi ng

stock,

by

W l l i am Rei d,

a

f or mer

di recto r .

The

of f er i ng

wi l l

be

made

a

$6

per

share

t hrough

under wr i t ers

headed

by

Rober t

L.

Fer man

Co. ,

I nc . ,

whi ch

wi l l

recei ve

a

60

per

shar

comm ssi on. The r egi s t r a t i on st at ement al so i ncl udes ( 1) 14, 167 out st andi ng shares s ol d t o t he pr i nc i pal

under wr i t er by Mr s. Ni col as Stern (wi f e of t he company' s pr esi dent ) f or $11, 475. 27, and ( 2) 8, 000 out st and-

i ng

shares

whi ch

may

be

o f fe red

f r om t i me

t o

t i me

i n

t he

over- t he- counter

mar ket

by

Mr s.

Ster n.

The

company

( f ormer l y

Cari bbean

Modes,

I nc . )

i s

engaged

i n

t he

deSi gn,

manuf act ur e

and

di s t r i but i on

of

cust om made

shoes

f or

women,

bot h

i n

dress

and

casual

cat egor i es.

Of

t he

$730, 000

esti mated

net

proceeds

f r om t he

company' s

sal e

of

addi t i onal

stock,

$173, 000

wi l l

be

used

t o

r epay

exi s t i ng

obl i gat i ons

t o

banks

and

l endi ng

i ns t i t u t i ons

i ncurr ed

dur i ng

1961

f or

~orki ng

capi t al

pur poses,

$80, 000

t o

r epay

obl i gat i ons

du

t o

W l l i am Rei d,

$100, 000

f or

i nvent ory

bui l d- ups ,

$15, 000

f or

advert i s i ng

and

merchandi si ng,

and

t he

bal an

wi l l

be

added

t o

gener al

f unds

and

ut i l i z ed

i n

l i e u

of

bank

and

other

i ns t i t u t i onal

bor r OW ngs,

f or

product

desi gn

and

as

requi r ed

f or

other

worki ng

capi t al

and

corporate

pur poses.

I n

addi t i on

t o

cer t ai n

i ndebt edness,

t he

company

has

out st andi ng

249, 166

shares

of

common

stock

( a f t e r

gi vi ng

ef f ect

t o

a

r ecent

r e capi t a l i z at i on

wher eby

t he

81

shares

t hen

out st andi ng

wer e

r e cl as si f i ed

i nt o

234, 166 new common shares), of whi ch Ni col as St ern, preSi dent , owns 39. 021. ( i nc l udi ng 62, 367 shar es owned b

Mr s.

Stern),

and

management

o f f i c i a l s

as

a

gr o~p

42. 80%

SECURI TI ES

ACT

REGI STRATI ONS.

Ef f ec t i ve

Oct ober

18:

Automat ed

Bui l di ng

Component s,

I nc .

( F i l e

2- 18604

Guy' s

Food,

I nc .

( F i l e

2- 18629) ;

I nte r s ta te

Fi r e

Casual t y

Co.

( F i l e

2- 18755) ;

Ni agara

Mohawk

Power

Cor p.

( F i l e

2- 18995);

Panor am c

El ectr oni cs ,

I nc.

( F i l e

2- 18703);

Pennsauken

Mont gomeryvi l l e

Co.

( F i l e

2- 18619);

Pomer oy

Sm t h- Ewi ng

Hungi v i l l e,

62

Ltd.

( F i l e

2- 18670);

Ti l l i e

Lewi s

Foods,

I nc .

( F i l e

2- 18454) .

W t hdr awn Oct ober 18: Ver de Expl orat i on, Ltd. ( F i l e 2- 16972).

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