Business Transaction: Ballantyne of Omaha

Ballantyne of Omaha, Inc.
4350 McKinley Street
Omaha, NE 68112
(402) 453-4444

Ballantyne of Omaha, Inc., manufactures capital equipment for the theater and restaurant industries and distributes them worldwide.

The companyÆs theater product line consists of commercial motion picture projection equipment and long-range follow spotlights. Through acquisitions and internal growth, the company estimates that it has garnered approximately 65% of the commercial motion picture projection equipment market in the U.S. The companyÆs equipment is used by movie companies such as AMCEntertainment, Cineplex Odeon and Regal Cinemas.

The company also manufactures, assembles and distributes customized commercial motion picture projection equipment for use in special venues, such as motion simulation rides, large screen format presentations and other forms of entertainment which employ visual special effects.

The company also manufactures long-range follow spotlights. These high-intensity general illumination products are used in, among other venues, the Toronto SkyDome, the Hoosier Dome, the Byrne Arena in the New Jersey Meadowlands and the Sheffield Arena in the United Kingdom.

The companyÆs restaurant product line consists of pressure fryers, barbecue/slow cooking ovens, rotisserie ovens, seasonings and marinades, paper serving products and point of purchase displays.
The company will receive no proceeds from the offering.


Salient Data
Filing: S-1 on 9/6/95
Terms: 1.2 million shares @ $6.50. All shares sold by one stockholder, ARC.
% Shares Sold: 30%
Estimated Post IPO Shares Outstanding: 4,000,000 (non-diluted shares)
Estimated Market Value: $26,000,000
Ticker Listing: BTN (American Stock ExchÆg)
Price to Sales as of 12/31/94: 90.4%
Price to Earnings as of 12/31/94 after tax: 13.22
Price to Adjusted Book as of 12/31/94: 7.50

Comments: The company received no proceeds from the sales of common stock. The selling stockholder, ARC, still retains 70% of the companyÆs stock and also control. In addition, ARC pulled $8 million out of equity and replaced the money with a line of credit with Norwest. The new debt is secured by ARCstock. Based on nine months ended September 30, 1995, BTN will reach or exceed its projections. The stock has been trading between $6.90 (low) to $7.85 (high) since going public.

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