Company Overview
| Company Name |
SICHUAN LEADERS PETROCHEMICAL CO |
| Company Address |
6371 BUSINESS BLVD STE 200
SARASOTA, FL 34240 |
| Company Phone |
727-535-1917 |
| Company Website |
www.qualitywallbeds.com |
| CEO |
Catherine A. Bradaick |
| Employees (as of 7/31/2012) |
3 |
| State of Inc |
FL |
| Fiscal Year End |
12/31 |
| Status |
Filed (8/7/2012) |
| Proposed Symbol |
-- |
| Exchange |
OTCBB |
| Share Price |
$0.10 |
| Shares Offered |
3,374,980 |
| Offer Amount |
$337,498.00 |
| Total Expenses |
$14,038.68 |
| Shares Over Alloted |
-- |
| Shareholder Shares Offered |
3,374,980 |
| Shares Outstanding |
9,375,000 |
| Lockup Period (days) |
180 |
| Lockup Expiration |
-- |
| Quiet Period Expiration |
-- |
| CIK |
0001547355 |
Upon registration with the U.S. Securities Exchange Commission, 3,374,980 of
our outstanding shares of common stock will be eligible for sale under the
Securities Act. We will not receive any proceeds from the sale of the common
stock offered through this prospectus. We will however incur all costs
associated with this registration statement and prospectus. There is no
minimum amount of shares that must be sold during this offering.
To compete effectively in our industry, a company must understand and then
respond to the specific needs of the client. Many of our competitors have
greater financial resources than we have, enabling them to finance
acquisition and development opportunities or develop and support their own
operations. In addition, many of these companies can offer additional product
offerings not provided by us. Many also have greater name recognition. Our
competitors may have the luxury of sacrificing profitability in order to
capture a greater portion of the market. Consequently, we may encounter
significant competition in our efforts to achieve our growth objectives. Our
competitors have methods of operation that have been proven over time to be
successful.
Since we are in a recessionary period our large competitors have chosen to
advertise low prices in an effort to gain sales. Our former President Lloyd
Burkley chose not to compete on a price basis and continued an advertising
campaign based on quality. Our incoming President, Catherine A. Bradaick,
has extensive experience in advertising and the company has chosen to compete
by offering quality products and time sensitive installations as the main
selling points of our services. It is too early to be able to analyze the
results of this new advertising approach.
Company Description
Since incorporation on June 29, 2000, Quality WallBeds, Inc. has engaged in
the operation of a furniture retail store specializing in the design,
construction and installation of wall beds, closets and shelving.
Quality WallBeds, Inc. will continue to rely on its experience to try to be
competitive in the marketing of its specialty wall bed systems, closets and
shelves. We believe that because we use personnel experienced as space-saving
specialists for the home and business we may have a competitive advantage.
Our company will continue to use personnel with experience in the design and
installation of our product to try to maintain what we believe is a strong
competitive edge. Due to recession that began in 2008 we have seen a
fluctuation in the number of clients utilizing our space saving options. We
believe we can increase our market share due to the quality of our organizing
systems; however, there is no guarantee we will be able to do so. By analyzing
the advertising of other competitive companies, we know that a low price
advertising campaign for us will not be successful because competition has
brought the pricing of our type of products to essentially the same price.
We believe that by concentrating our efforts on the quality of our products
while providing for cost effectiveness we can grow and expand our business
however there is no guarantee that we will be successful at achieving growth
and expansion. Our St. Petersburg store is our sole location and our efforts
at expansion are focused solely on gaining additional market share for this
location through a concentrated advertising effort.
While our key personnel have over twelve (12) years’ experience in this
business, we do not believe that we have a competitive advantage as a result
of this experience. Our competitors have personnel with more experience that
may place us at a disadvantage with larger projects. Due to the number of
competitors that have entered our target market, experience has become less
of a competitive advantage. Being in a market segment with a high number of
competitors makes any investment in our Company a high risk.
We do compete with many national wall bed businesses such as Murphy’s Bed
Outlet; Closets by Design; Bedder Bed; and Comfort Zone Wall Beds. These
firms have experienced personnel, years in business, capitalization, and a
reputation that make it difficult for us to compete with. As a result of
such competition, we will concentrate our efforts on trying to more fully
develop the personal relationship approach to our business to try to
differentiate our company while utilizing high quality 3D design software.
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We were incorporated in Florida on June 29, 2000. Our principal address is
2820 16th Street North, St. Petersburg, Florida, 33704. Our phone number is
(727) 535-1917. Our website is www.qualitywallbeds.com.
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