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Just Released!
LAST UPDATED: 05/18/2013, 2:15 PM EDT
GLACIER WATER SERVICES INC has reported these experts in their SEC filings. From underwriters to attorneys, these are the people influencing GLACIER WATER SERVICES INC’s IPO.
Raised in IPO
IPO Shares
Expected Share Price
| Proposed Symbol | --- |
| Proposed Exchange | Nasdaq National Market |
| Expected Share Price | --- |
| Offer Amount | $86,250,000 |
| Total Expenses | $0 |
| Shares Over-Allotted | $0 |
| Shareholder Shares Offered | $0 |
| Shares Outstanding | $0 |
| Locked Up Period Days | 180 |
| Locked Up Expiration | --- |
| Quiet Period Expiration | --- |
| Stockholders' Equity | $-56,753,000 |
Form 10-Q
Form 10-K
Form SC 13D
Form SC 13D/A
Form 8-K
Form DEF 14A
Form 8-K
Form 10-Q
Form 8-K/A
Form SC 13D/A0 of Positive Articles have been written about GLACIER WATER SERVICES INC.
GLACIER WATER SERVICES INC IPO offering is $86,250,000.00.
GLACIER WATER SERVICES INC withdrew its IPO.
Company Description
We own and operate the largest network of filtered drinking water vending
machines in the United States and Canada, with approximately 19,950 machines
in place as of July 3, 2011 at food, drug, convenience, mass and other major
retailers. We believe that our vending machines, located in 42
states and
Canada, represent approximately 60% of all industry units.
Our machines apply a five-step, technologically advanced filtration process
that removes particles and impurities to produce high-quality, great-tasting
drinking water that is dispensed by our machines into one-gallon or
five-gallon containers provided by the consumer. This business model
eliminates the bottling and distribution infrastructure required to deliver
traditional bottled water, thereby significantly reducing cost and the adverse
environmental impact. We believe continued growth in our market will be driven
by these factors and by the perceived health benefits and growing concerns
about the taste and quality of municipal tap water that we believe are driving
increased demand for bottled water generally.
Our extensive network of self-service coin-operated and non-coin-operated
water vending machines is supported by our in-house national field service
organization, the only one in the industry. Our team of highly trained
technicians regularly service our machines, generally on a weekly or
bi-weekly basis, to ensure that consistent quality standards are met; apart
from this scheduled maintenance and service, our machines require little
attention.
Our solution requires no upfront investment from our retail partners and
enables them to monetize typically unused retail space. The retailers
benefit from incremental customer traffic and predictable commission revenue
while incurring no labor, inventory or shrinkage expense. We have long-term
relationships with key national and regional retail accounts as a result of
our brand recognition, high-quality product, reliable service and compelling
value proposition. Among our highly diversified retail partners are Circle K,
CVS, Family Dollar, H-E-B, Kroger, Publix, Rite Aid, Safeway, SuperValu,
Wal-Mart, Walgreens and Winn-Dixie.
Our origins date back to the founding of our predecessor, Bottle Water
Vending, Inc., in 1983. In 2001, Brian McInerney, a former executive of
Honeywell International, joined us as our chief executive officer and
Charles Norris, the former President of McKesson Water Products, joined
us as chairman. Our management team has driven growth principally by adding
self-service vending machines to existing and new geographic areas and with
existing and new retail partners, as well as through the successful completion
and integration of three acquisitions in the past 10 years.
We have a strong commitment to growth. Over the past five years we have
focused on building a national organization with a scalable platform which
can support this growth. In 2004 and 2005, we invested over $30 million in
machine upgrades, incorporating advanced functionality and appearance
enhancements. From January 2008 through December 2010, we installed
approximately 2,800 net new machines, representing a compound annual
growth rate of 5.4%, and we installed 300 net new machines in the first
quarter of 2011. We believe that we are now poised to benefit from highly
attractive industry dynamics as well as the maturation of our upgraded and
newly installed machines.
We believe that our value proposition in the vended water market will also
help us compete effectively in the vended ice market. We recently began
testing self-service ice vending machines, and have deployed approximately
150 units as of July 3, 2011. We believe that our placement of ice vending
machines will contribute to our brand awareness and future growth in both
the vended water and the vended ice businesses.
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We were incorporated
