L. L. Knickerbocker Files S-3 Registration Statement for
Shares Underlying Recently Completed $5 Million Private
Placement
LAKE FOREST, Calif. Oct. 3 /PRNewswire/ -- The L. L. Knickerbocker Co., Inc.
(Nasdaq:KNIC) announced today it has filed an S-3 Registration Statement with the Securities and
Exchange Commission registering the shares of common stock underlying the $5 million, 6%
Convertible Debenture, purchased from the Company in September 1997 by a single institutional
investor.
The registration statement covers 135% of the maximum shares issuable upon conversion of the
debentures, plus accrued interest over the next three years. Any registered shares which are not
issued, either because a lower number of shares are issuable upon conversion, or because the
Company elects to redeem the debentures rather than permit conversion, will be subsequently
deregistered by post-effective amendment of the Registration Statement.
The L. L. Knickerbocker Co., Inc. markets a wide variety of branded collectibles, jewelry and
accessories and consumer products. The Company's primary focus is to create and build Brands
which can be marketed through a variety of channels, including national and international retail and
direct response mail. The Company has a 38.3% equity investment interest in Pure Energy
Corporation, the exclusive worldwide licensee to an alternative fuel. Recently, the U. S. Patent
Office issued a Notice of Allowance for claims covering the alternative fuel which is patent pending.
In addition, the Company has a substantial equity interest (approximately 3l%) in Ontro, Inc. and
Insta-Heat, Inc., involved in the development of containers which self- heat food and beverages. The
Company recently entered into a joint venture with Arkenol Holdings, LLC to construct biorefineries
in a number of Southeast Asian countries. Visit The L. L. Knickerbocker Company web site at
www.knickerbocker.com.
SOURCE L. L. Knickerbocker Co., Inc.
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......................... Bob |
