Market Guide Summary Planet Entertainment Corp Ticker: PNEC Page 1 of 10
Complete Financials: May 1999 Exchange OTC
FY END AUG
ISSUE DATA (12/03/99) PER SHARE DATA RATIOS
Price $ 1.13 EPS (TTM) $ 0.00 P/E (TTM) NM
52W High $ 7.31 Div. Rate $ 0.00 Yield 0.00 %
52W Low $ 1.06 Book Value $ 0.31 Price/Book 3.63
Shrs Out 11.98 Mil Cash $ 0.05 ROE (TTM) 0.00 %
Float 2.30 Mil Rev (TTM) $ NA ROA (TTM) 0.00 %
Mon. Vol 0.65 Mil Curr. Ratio 1.23
Beta -0.07 LT Dbt/Eqty 0.53
BRIEF: Planet Entertainment is a diversified entertainment
company specializing in music production, wholesale
distribution and marketing of front line music, video and
DVD titles as well as its proprietary CD compilation albums.
For the 9 months ended 5/99, revenues totaled $33.8M, up
from $314K. Net loss totaled $1M, up from $405K. Results
reflect expanded customer base, offset by the loss of
Meijer.
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Planet Entertainment Corp QUARTERLY SUMMARY Page 2 of 10
HISTORICAL QUARTERLY RESULTS(Thousands of U.S. Dollars)
REVENUE 1998 1999
1st Qtr NOV 223 14,983
2nd Qtr FEB 59 11,406
3rd Qtr MAY 32 7,417
4th Qtr AUG 45
EPS (U.S. Dollars per share)
1st Qtr NOV -0.010 0.030
2nd Qtr FEB -0.020 -0.030
3rd Qtr MAY -0.010 -0.090
4th Qtr AUG -0.350
10/98 Co. acquired NEOS, and changed its FY end to 8/31.
FY'98 Sum. Qs reflect period of 12 months ended 8/98.
DIVIDENDS EMPLOYEES
Last Dividend Decl. $ NA # Employees 150
Last Div Ex-Date NA Sales/Employee (TTM) NM
Last Div Pay Date NA Net. Income/Empl.(TTM) 0
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Planet Entertainment Corp COMPANY COMPARISON Page 3 of 10
TO THE LEISURE & RECREATION AND S&P 500 AGGREGATES
VALUATION RATIOS: COMPANY INDUSTRY S&P 500
P/E Ratio NM 39.96 38.79
Dividend Yield 0.00 0.53 1.11
Price to Tangible Book -2.32 8.34 12.42
Price to Book 3.63 3.74 9.46
Price to Free Cash Flow NA 45.46 48.12
GROWTH STATISTICS:
3 Yr Rev Growth NA 22.51 15.40
3 Yr EPS Growth NA 8.29 18.69
3 Yr Div Growth NA 16.64 11.46
Reinvestment Rate 100.00 94.14 72.61
PROFITABILITY RATIOS:
Net Profit Margin NM 9.39 11.51
Return on Equity 0.00 7.72 22.27
Interest Coverage NM 6.99 9.83
FINANCIAL STRENGTH RATIOS:
Current Ratio 1.23 1.84 1.47
LT Debt to Equity 0.53 0.58 0.77
Total Debt to Equity 0.67 0.64 0.98
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Planet Entertainment Corp TRADING & PRICE PERFORMANCE Page 4 of 10
INSTITUTIONAL OWNERSHIP INSIDER TRADING (Prev. 6 months)
% Shares Out. Owned 0.03 % Net Insider Trades 1
# of Institutions 1 # Buy Transactions 1
Total Shs Held 0.003 Mil # Sell Transactions 0
3 Mo. Net Purch. -0.016 Mil Net Shares Bought 0.002 Mil
3 Mo. Shs Purch. 0.000 Mil # Shares Bought 0.002 Mil
3 Mo. Shs Sold 0.016 Mil # Shares Sold 0.000 Mil
4 Week Price % Change -18.2% 4 Week Rel. Price % Change -21.8%
13 Week Price % Change -69.0% 13 Week Rel. Price % Change -70.6%
26 Week Price % Change -76.9% 26 Week Rel. Price % Change -78.6%
52 Week Price % Change -78.6% 52 Week Rel. Price % Change -82.4%
YTD Week Price % Change -75.7% YTD Week Rel. Price % Change -79.1%
MARKET MAKERS: NITE FRAN SHRP MHMY HILL
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Planet Entertainment Corp EQUITY, OFFICERS & ADDRESS Page 5 of 10
Common Stock $.001 Par, 5/99, 50M auth., 11,976,055 issd.
Insiders control approx. 76%. Gulf Coast Music, Inc. owns
5%. 10/9/96, Co. formed through a reverse acquisition
between Ampro International Golf Tour, Inc. and Planet
Entertainment Corp. (As of 8/98) STD: $150K @ 10%. LTD: $1M
@ 9.75%. Prfd. Stock $.0001 Par, 10M auth., 500 issd.
OFFICERS: Wallace M. Giakas, Chmn./Secy., John S. Arnone,
Pres./CEO, Joseph Venneri, Exec. VP, Richard Bluestine,
Exec. VP/CFO. TRANSFER AGENT: Signature Stock Transfer,
Inc. Company incorporated 1996 in DE. Direct inquiries
to: Director of Investor Relations.
ADDRESS & PHONE NUMBERS
Planet Entertainment Corp
222 Highway 35
P. O. Box 4085
Middletown, NJ 07748
PHONE: (732) 530-8819
FAX: (732) 530-1165
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Planet Entertainment Corp ANNUAL INCOME STATEMENT Page 6 of 10
(Thousands of U.S. Dollars)
12M 12/31/97 8M 08/31/98
Royalty 4 23
Sales 49 51
Studio 240 35
Total Revenue 293 109
Cost of Sales 19 11
Sell./General/Admin. 794 659
Depreciation/Amort. 41 34
Interest Expense 0 0
Interest Exp.-Rel. P 144 98
Bad Debt Expense 105 0
Total Expenses 1,103 802
Operating Income -810 -693
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Planet Entertainment Corp ANNUAL INCOME STATEMENT Page 7 of 10
(Thousands of U.S. Dollars)
12M 12/31/97 8M 08/31/98
Operating Income -810 -693
Interest/Divid. Inc. 0 47
Income Before Taxes -810 -646
Income Taxes 0 0
Income After Taxes -810 -646
Pref. Dividend 0 -88
Dividend Return 0 -3,621
Pri/Bas EPS Ex. XOrd -0.079 -0.368
Pri/Bas EPS In. XOrd -0.079 -0.368
Primary/Basic Avg Sh 10,211.25 11,827.31
Common Dividends/Shr 0.0000 0.0000
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Planet Entertainment Corp SELECTED INCOME STATEMENT Page 8 of 10
(Thousands of U.S. Dollars)
QUARTERS YEAR TO DATE
3M 05/31/98 3M 05/31/99 9M 05/31/98 9M 05/31/99
Revenue 32 7,417 314 33,806
Operating Expenses 166 8,399 719 34,616
Operating Income -134 -982 -405 -810
Non-Operating Income 0 4 0 40
Non-Operating Expenses 0 0 0 0
Income Before Taxes -134 -978 -405 -770
Income Taxes 0 0 0 0
Adjustments to Income 0 -88 0 -264
Inc. for Primary EPS -134 -1,066 -405 -1,034
Pri/Bas EPS Ex. XOrd -0.011 -0.089 -0.035 -0.086
Disc Opns + Xord Items 0 0 0 0
Pri/Bas EPS In. XOrd -0.011 -0.089 -0.035 -0.086
Primary/Basic Avg Sh 11,925.96 11,976.06 11,138.96 11,976.06
Dilutd EPS Excl XOrd -0.011 -0.089 -0.035 -0.091
Dilutd EPS Incl XOrd -0.011 -0.089 -0.035 -0.091
Common Dividends/Shr 0.000 0.000 0.000 0.000
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Planet Entertainment Corp SELECTED BALANCE SHEET Page 9 of 10
(Thousands of U.S. Dollars)
YEAR ENDING QUARTER ENDING
12/31/97 08/31/98 05/31/99
Cash & ST Investments 4 3,850 573
Receivables 205 210 5,187
Total Current Assets 328 4,532 13,121
LT Investments 0 0 0
Fixed Assets 189 173 1,393
Total Assets 7,149 11,319 24,049
Accounts Payable 0 0 0
ST Debt & Curr LTD 500 400 1,243
Total Current Liab. 1,306 1,400 10,680
LT Debt & Cap Leases 750 750 4,623
Total Liabilities 2,056 2,150 15,334
Preferred Stock 0 5,000 5,000
Common/Paid In Capital 5,954 9,298 9,618
Retained Earnings -862 -5,129 -5,902
Total Equity 5,092 9,169 8,716
Shares Outstanding 11,422 11,976 11,976
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Planet Entertainment Corp SELECTED STMT OF CASH FLOWS Page 10 of 10
INDIRECT METHOD (Thousands of U.S. Dollars)
ANNUAL YEAR TO DATE
12M 12/31/97 8M 08/31/98 9M 05/31/98 9M 05/31/99
Net Income -809 -645 -405 -773
Depreciation & Amort. 41 34 34 310
Non Cash Items 345 248 570 2
Total Operating CF -295 -311 -71 -14
Capital Expenditures -10 0 -10 -673
Total Investing CF -10 -225 -10 -2,286
Dividends Paid 0 0 0 0
Sale (Purch.) of Stock 84 5,000 0 18
Net Borrowings 100 -100 -50 -818
Total Financing CF 303 4,382 87 -977
Exchange Rate Effect 0 0 0 0
Net Change In Cash -3 3,846 7 -3,277
Oper CF-Cap Exp-Div Pd -305 -311 -81 -687
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