DYNAMIC MEDIA INC SPO
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|Company Name||DYNAMIC MEDIA INC|
|Company Address||2000 HAMILTON STREET
PHILADELPHIA, PA 19130
|CEO||Ian D. Jones|
|Employees (as of 5/30/2001)||11|
|State of Inc||FL|
|Fiscal Year End||12/31|
|Shares Over Alloted||--|
|Shareholder Shares Offered||--|
|Lockup Period (days)||180|
|Quiet Period Expiration||--|
We are seeking a new investment through this offering to finance and expand our current operations immediately. Achieving this goal and objective includes producing and creating our own content so that we own our proprietary and published interactive DVDs and distribute them worldwide, and, in addition, create a network of nationwide QuickTV support centers to enhance our potential growth and sales of our products and services. To accomplish this goal, we need to raise $2,200,000, which is the basis of our minimum cash offering. If we are unable to raise these minimum funds, we will modify our present primary plan as presently contemplated by management in accordance with funds received. If the minimum amount required is not raised, we intend to reduce research and development expenditures and if necessary obtain new funding with the aid of financial experts that are available to us. The maximum net proceeds from this offering may be as high as $ 4,000,000 in cash. If we are unable to sell all of the shares offered, the net proceeds would be lower. In the table below, we have detailed the minimum amount of capital required for us to operate our business as currently planned. In addition, we have outlined in order of priority , the manner in which we have available use of the funds raised, assuming that we sell all of the shares offered. The net proceeds we would receive from the issuance of all the 2,200,000 shares by this offering are estimated to be approximately $4,000,000. For lesser percentages of shares sold see the table following. The table also shows how we will use the proceeds of the offering. Dynamic Media, Inc. Minimum Amount Maximum Amount Required Required -------------- -------------- Proceeds from the Offering $2,000,000 $4,000,000 Use of Proceeds: Research and Development $ 100,000 $ 300,000 Office and Equipment 50,000 100,000 Marketing, Advertisement & Promotion 250,000 500,000 Project/Content Development 750,000 1,200,000 Working Capital, Operating Expenses 850,000 1,900,000 ---------- ---------- Total of Proceeds $2,000,000 $4,000,000 The table above contains amounts of proceeds to be used for general working capital needs, such as salaries, rent and utilities, or such amounts may be used to build up inventory levels of supplies used in the creation of digital media.
The market for consumer and business products and services provided from the Company is extremely competitive and highly fragmented. There are no significant barriers to entry and we expect that competition will intensify in the future. Many of our competitors and potential competitors have substantially larger libraries of content, longer operating histories, greater name recognition and more established relationships with distributors and retail vendors. Such competitors may be able to undertake more extensive marketing campaigns, adopt more aggressive pricing policies and devote substantially more resources to developing digital media products. There can be no assurances that we will be able to compete successfully against current or future competitors or that competitive pressures faced by us will not materially adversely affect our business, operating results or financial condition. Further, as a strategic response to changes in the competitive environment, we may make certain pricing, service or marketing decisions or enter into acquisitions or new ventures that could have a material adverse effect on our business, operating results or financial condition.
THE COMPANY We were formerly known as Dynamic Imaging Systems Corporation and before that as Brickell Foreclosure Properties, Inc., and were organized under the laws of the state of Florida in 1996. Our Common Stock is currently listed Over the Counter (OTC) under the trading symbol
"DYMI". Our strategy is to capitalize on the market opportunities created by the popularity of interactive DVDs including entertainment and education. . Our focus is on the development and marketing of effective interactive DVD programs that improve teaching and learning and provide next generation DVD entertainment. We are paving the way with new multimedia and interactive DVD ideas that work...Ideas that produce high earnings and extraordinary growth by staying ahead of digital technologies with proprietary DVD solutions. We will customize instruction and allow for individualized learning so that students at home, young and old, can achieve success at their own pace and level. We now provide advanced digital media services to our Fortune 1000 clients and others for every commercial purpose including that of education, marketing, religion and communications enhancement. Our clients include the Fox Broadcasting Company and all its' subsidiaries, Paramount Pictures, the US Army, Lockheed-Martin, Spelling Entertainment, Briggs and Stratton, Pax TV, Lions Gate Entertainment, the Los Angeles Lakers, Footlocker, Burger King, and many others. We have also served or currently serve vital governmental clients which include The Smithsonian Institute, The National Library of Medicine, and The Maryland Port Authority. We are a full service, fully interactive DVD and Multimedia Broadcasting Company. We are entirely equipped with state of the art technology and equipment in order to provide advanced quality products and services. We are ready to propel those businesses that have "lined up" for the right assistance, into the 21st century with digital business advantages. Digital multimedia will help customers compete in the worldwide and fast paced economy of today. Dynamic Media, Inc. began in 1996 by creating projects for the National Security Agency of the United States. Using the magic of animation and graphics, the Company was responsible for designing classified information in multimedia form - which was used daily by the Director of the National Security Agency and his staff. These National Security Agency multimedia presentations were instrumental in briefing foreign dignitaries, heads of state, and everyone from high-ranking military commanders to elected civilians at the highest level of the CIA and the U.S. Congress. This new "digital" way of communicating was revolutionary in overcoming the complicated task of explaining highly technical issues to world leaders. We continued our work as a consultant to the Defense Intelligence Agency inside the Pentagon for advanced classified DVD nuclear war programs used to further train intelligence officers. Interactive Entertainment and Education Dynamic Media, Inc., has received three internationally recognized awards for its work on the "Sherlock Holmes - Consulting Director" DVD video game. Given the huge competition for "games" awards, these were major achievements. Dynamic Media, Inc. is one of only a very few companies in the world to produce advanced DVD programming and scripting that permits game players to save and restore their game on a regular DVD player. We feel that our milestones in breakthrough technology are essential for our Company turning the corner into the 21st century. We capitalize on new possibilities which sets us apart from the few competitors that we have. We have integrated touch screens for our interactive DVD kiosks. These developments were heavily used by the Maryland Port Authority which enabled student visitors to be educated about the activities and workings of the seaport. We have shown that our Company has the ability to secure and fulfill major commercial contracts such as a current interactive DVD "Titanic Exhibit" and government contracts such as the current one with the National Library of Medicine. The digital video communication industry is the most rapidly growing business in the world. In the year 2000, annual sales encompassed over $28 billion dollars a year, with sales today - annually increasing exponentially. In 1997, two million prerecorded DVD discs were sold. In twenty-four months, sales had skyrocketed to 65 million. We see that as simply just the beginning of the growth. Last year, 183 million discs were sold and for the next sixty months, the number is expected to climb by approximately 140 million annually and 870 million units per year by 2005. We see those sales far exceeding the VHS 1998 peak of 657 million tapes sold that year. The highest number ever sold being only 757 million. We are in an active expansion phase to take advantage of these remarkable digital multimedia advancements. We are in current development of a major mainstream entertainment/education project which will teach needed leadership skills to young people around the nation. Our innovative technologies will lead the way that others can only follow. QuickTV Suppport Centers We have developed, designed and are ready to implement QuickTV support centers that will enhance the way businesses communicate and interact with each other forever. We will provide local support for our customers to enhance their learning and entertainment experience. QuickTV Support Centers will offer a full array of CD and DVD multimedia products and services to small businesses with special kiosk displays in high traffic locations. These products and services will provide effective digital communication by publishing and "burning" information right onto CDs and DVDs...plus - that data can be immediately streamlined directly to the Internet. Business to Business Video Yellow Pages We understand that small and medium size businesses need help dealing with other businesses. We recognize that our customers need a better way to promote their sales and promotions. We know they may not have the same capabilities as their larger competitors and also understand that many of our customers are at a disadvantage in buying power. Our goal is to level the playing field by using our Internet service which will boost our clients in all their commercial areas. In doing so, we will tie our video directory business into the broader range of our Company's media services. We will provide customers the opportunity to take their ideas and new businesses to the marketplace in a way they never dreamed. They can capture and store their customer's informational content using Dynamic Media's technologies. They can convert that information into the proper formats, making it intelligent and interactive. Finally, they will have the ability to channel all their processed information to the desired forms of output. The days of huge funding for successful new business launches are over. We help our customers reach the mainstream instantly, at costs heretofore thought impossible. We will continue to create multimedia websites with substance and style. This will allow customer businesses to grow as their customers needs grow. We will create digital images of every product customers want to sell and we will store those images in a database that can be accessed at any time, from anywhere in the world. Customers can track sales results according to which images are viewed, used and how the product was priced. Interactive Programs on DVD There are now more than 125 DVD player models marketed under 50 different consumer electronics brands. DVD players are available at practically all consumer electronics retailers and have become the focal point of the home theater category. Software shipments continue to accelerate. Nearly 140 million DVD movies and music video titles were shipped in the first 90 days of 2001, more than double the number shipped in the same quarter of last year. This tells us that "content" has an increasing electronic relationship. In year 2000, over 7.8 million DVD players were sold half of that number was sold in the fourth quarter. This means that a "Critical Mass" has been reached with regard to DVD player devices and that the new digital publishing formats are here to stay. We have combined the advantages of the digital technologies to be in a position to market a powerful combination of interactive DVD and CD technologies coupled with the Internet. In short, we feel strongly that the future is here and it's in CD and DVD interactive technologies. . . . technologies increasingly tied to the Internet, entertainment, education and business. We have reorganized to take advantage of the new market changes which are occurring at a record rate. New markets are being created and existing ones enhanced.
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