|
IPO Profile Interactive Health
3030 Walnut Avenue, Long Beach, California 90807-5222.
Tel: 562-426-8700
Web:
Ticker: IHTT
Stock Exchange: Nasdaq
Shares Issued: 0.00
Price Offered: $0.00
Amount Raised: $80,000,000.00
Underwriters:
Thomas Weisel Partners LLC
Wachovia Securities
Company Description:
We are a leading producer and marketer of a broad line of technologically advanced, branded robotic massage chairs and zero gravity chairs. We have been selling massage chairs for over 20 years and believe that we are the largest provider of robotic massage chairs in the U.S. We believe that we have significantly expanded the demand for robotic massage chairs in recent years through the introduction of new features that represent substantial improvements in functionality and style. For example, we believe that the patented HTT Human Touch Technology, which we license from a third party, represents a substantial improvement over prior technology in the mechanical emulation of massage and chiropractic techniques used for muscle relaxation and back and spinal care. Additionally, our iJoy series, which was introduced in May 2003, offers new casual styling and lower price points than had been previously available for robotic massage chairs. From Fiscal 2001 through Fiscal 2003, we increased our net sales at a compound annual growth rate of 70.5%. In Fiscal 2003, we generated net sales of $73.6 million and sold over 106,000 robotic massage chairs.
|
|