Company Overview
| Company Name |
ADELMAN ENTERPRISES, INC. |
| Company Address |
798 MOORPARK AVENUE
MOORPARK, CA 93021 |
| Company Phone |
818-436-0410 |
| Company Website |
www.adelmanenterprises.com |
| CEO |
Charles Adelman |
| Employees (as of 11/3/2011) |
3 |
| State of Inc |
DE |
| Fiscal Year End |
12/31 |
| Status |
Withdrawn (10/12/2012) |
| Proposed Symbol |
-- |
| Exchange |
OTCBB |
| Share Price |
$2.50 |
| Shares Offered |
1,200,000 |
| Offer Amount |
$3,000,000.00 |
| Total Expenses |
-- |
| Shares Over Alloted |
-- |
| Shareholder Shares Offered |
-- |
| Shares Outstanding |
20,815,100 |
| Lockup Period (days) |
180 |
| Lockup Expiration |
-- |
| Quiet Period Expiration |
-- |
| CIK |
0001435613 |
The Company is planning for the Anthus Channel to launch up to 40 original
television shows on a new social media and broadcast television network.
The shows will be created in-house by production teams in order to control
costs and maintain the integrity of the programming. The television shows
will consist of both scripted and unscripted programming. Funds will be
used to (i) develop shows, and (ii) continue building the online social
community.
In addition, the Company may invest a portion of the proceeds of this
offering in Menache Adelman LLC with respect to radio frequency motion
capture technology, to the extent that Menache Adelman LLC has not been
dissolved or that the patents have not been reassigned to Alberto Menache.
As part of the R&D budget, a portion of the funds may be used by Menache
Adelman LLC in its next phase of development including (i) miniaturization
of the radio frequency tags and sensors and (ii) development of manufacturing
systems in order to deploy the systems to licensees. This means that
a portion of the proceeds of this offering could be used as the funds to
create the “field systems” that will be deployed to film sets, video game
studios, and other clients of the Company to use the technology on their
projects, to the extent the Company is able to obtain some rights in the
technology through the Company’s ownership in Menache Adelman LLC, which is
not assured as of the date of this offering.
The Company may require additional funds to accomplish the purposes for which
the proceeds described above are obtained. Circumstances may require that
the Company obtain additional funds to accomplish its business plan.
Obtaining those additional funds may adversely affect investors purchasing
Units in this offering. The Company may use a portion of its working
capital repay certain existing obligations.
The expected use of net proceeds from this offering represents our intentions
based upon our present plans and business conditions. We cannot predict with
certainty all of the particular uses for the proceeds of this offering or the
amounts that we will actually spend on the uses set forth above. The amount
and timing of actual expenditures may vary significantly depending upon
a number of factors, such as the progress of our product development efforts,
regulatory requirements, commercialization efforts, the amount of cash used
by operations and progress in reimbursement. Accordingly, our management
will have significant flexibility in applying the net proceeds of this
offering.
Pending their use, we intend to invest the net proceeds of this offering in
a variety of capital-preservation investments, including short- and
intermediate-term, interest-bearing, investment-grade securities.
Competition for the content and theme of the Anthus Channel comes from
broadcast and cable channels competing for viewers and advertisers. The
company believes that large broadcast companies attempt to incorporate
health and social conscious themes through their existing programming, but
do so only on a transitory basis during celebrations of Earth Day or other
recognized events. The Company believes that large broadcasting networks
cannot adhere to a positive message similar to that designed by the Anthus
Channel. Because they have larger corporate infrastructure and a larger
bottom line, the networks need to respond to larger advertisers and special
interest groups who may have little or no regard to the principles of good
health, wellness and positivity.
The Company believes that its Anthus programming will compete with the cable
conglomerate Discovery Channel. The Discovery Channel produces the type of
non-scripted documentary programming which comprises the bulk of the
programming that the Company anticipates will be shown on Anthus. The
Discovery Channel produced a channel called “Discovery Health” which was
not continued, and the Company believes that it was not continued because
of its limited focus on health care. The Company believes that there is
a strong demand among the television viewing audience for preventative
treatment programming, good news, and positivity – a need that will be met
by Anthus.
While there is some existing competition, the Company believes that Anthus
will provide unique niche programming that is technologically superior and
will thus attract a sizable audience. The expertise of management, the
innovative nature of its marketing approach, and the advanced technology
at its disposal should set the Company apart from its competitors.
Company Description
The Company is designed to become a diversified global media and technology
company. Currently, it has one subsidiary, Anthus, and has an ownership
interest in Menache Adelman LLC, a company that has no assets at present.
The Company believes it can offer investors the combined assets of
purpose
driven content, mobile platforms and social networking along with the next
generation in motion and data capture with far reaching patented
applications. The Company's goal is to be a leading custom-content producing,
technology-based, socially conscious media company.
The Company was incorporated in Delaware in March, 2006, as Hightower
Acquisition Corporation, a Delaware corporation (“Hightower”). In May, 2008,
Hightower filed a Form 10 with the Securities and Exchange Commission thereby
becoming a reporting company with the Securities and Exchange Commission
pursuant to the Securities Exchange Act of 1934. In April, 2010, in
connection with a change of control of Hightower, the Company changed its
name, changed majority shareholder control and elected new officers and
directors.
The Company, through its subsidiary Anthus, has received limited revenues
from operations during 2011. No other revenues have been generated during
any of the three fiscal years immediately before the filing of the
registration statement relating to this prospectus. The following is
a description of the Company’s plan of operation for the remainder of the
fiscal year.
The Company intends to be a diversified global media and technology company
developing the Anthus Channel. The Company believes it offers investors the
combined assets of purpose driven content, mobile platforms and social
networking and the next generation motion and data capture with far reaching
patented applications. The Company's objective is to be the leading
custom-content producing, technology-based, socially conscious media
company.
Management will use proceeds from this offering to further develop the Anthus
Channel and to possibly invest in Menache Adelman, LLC in order to assist
Menache Adelman in procuring and developing certain technology that the
Company believes may be of interest to its marketplace and customers.
However, the technology may not be available by the time this offering is
complete.
In the early stages of development the Company’s business will be
significantly dependent on the Company’s management team. The Company’s
success will be particularly dependent upon: Charles Adelman, Douglas Ridley
and Bob Denton.
The Company plans to expand its business through the introduction of a social
media platform and by soliciting carriage providers to gain commitments for
channel placement of Anthus. The Company plans to implement an online
distribution outlet for the network that will expand the reach of programming
and increase audience share. The Company believes that it will be able to
develop a customer base comprised of home consumers and viewers of television
programming and develop a large customer base through the marketing and
promotion of the television channel and the online presence. The Company
believes that its programming and delivery avenues offer advantages over
competitive companies and products.
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The Company’s offices are located at 798 Moorpark Avenue, Moorpark, California
93021 and its telephone number is 818-436-0410.
Website: www.adelmanenterprises.com.
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