l_ ICEDEIJGHTS

StoreExpenses
898-196

The Company estimatesstore level operating expensesas follows (asa percentageof sales):

(%l
. Cost of product (includingpackaging) g5
. Payroll 15
. Rent (1000 to 1200 square feet T
required)
. Royalty 5
. Shipping g
. Advertising 1
. Other (telephone,cleaning,etc.) z
TotalExpenses 6gyo

Amortization
The $10O000developmentrights are amortized over the twenty-year life of the agreement.

THE ATTACHED PROTECTIONS REPRESENTOUR ASSESSMENTOF THE T'OTENTIALFORTHE

FLORIDA MARKET. THESEESTIMATESARE BASEDON DISCUSSIONSWIfi{ MANAGEMENT
AND OUR OWN INVEST{GATION OF THE E)OSTINGOPERATION, WE BELIEVEfi{AT fi{ESE
[- - FIGURESARE PdPRESENTATTVE OF CURRENTOPERATIONSAND DO FAIRLY REIILECTTHE
V LEVEL OF OPERATIONS ANTICIPATED IN FLORIDA. NONETI{ELESS, THEY ARE ONLY
PROJECTTONS,AND MUST BE VTEWEDASSUCH.

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 89&196

Exhibit 9

Theaffering
Summary of Changesto the Offering
ICEDELIGI{TS

lL

Company is offering 25 investrnent units. Each unit

consists of 150 sharesof its Class A
common stock (no par valui), offered for
$5,000and $25,000of the Company,s10%debentures.
PerUnit
Equity $ 5,000 $125,000
Debentures 25.000 625.000
Total $30,000 $750,000

-All subscriptiottr
rtutt U" foilIl6fr^e tull unit. The Company currently plans to call for each
subscriptionaccordingto thefollowingschedule:

Amounl
Per
lmmediately 2,s00 Equig
July 1-September
1, 1995 17,500 Equityand3 Debentures
January1-March1, 1996 10,000 2 Debentures
company t"t"*es
, Tu contributions as its
r,rvestors
iSfl|::"'T#"?.:11-I11 ql"f"estors thirtytgojaiy, ;iit"r, ,,oti." of suchrequirements.
whoareunable"to meet;;;;;J''t'-"iJjr"i...-'"*il;#r"l,H|TllJ,"rT#i
contributions to date, unless a suitable substitute
can be found by the investor.
Thesecuritiesofferedherul".ut" not registeredunder \-
the securitiesAct of 1933,asamendedand
may not be sold, transferred,hypotheciteaot
out"*i* J"f"r"a of by an investor unlessso
registeredor' in theopinionof counselfor thecompany,
registrationis not requiredundersaidAct.

Capitalization

the companv,as of the conclusionof the offering,assuming

,"rff;Tjt::i;;,rT*Jt all units are

Debt $675,000
Equity 150.000
Total $825,000
The capital corsists or $zso^oooraised by the offering
plus 925,0@contributed by the fo'nders.
f?unders will purchase 6,250sharesof the
T: Company's class B common stock for 925,000and
will alsocontribute$50,000in debt.

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