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PaddleWheel Productions, Inc. Prospectus
8
E.	A. Allen	15	.42%
Jane Brown 1	.03%
Total	100%
Preferred 1000	New Investors 984	98.40%
E.	A. Allen 15	1.50%
Jane Brown 1	.10%
Total	100%
Unaudited Balance Sheet
Assets:
Tangible Assets (See Appendix)	$131,344
Total Assets	$ 131,344
Liabilities:
Accrued interest	$872.00.*
Stockholders Equity:	$130.472
Total Liabilities and Stockholders	Equity	$131,344
*(Not to be paid until the theatre is in operation, as directed by the Board of Directors.)
Approximate Expenses Associated with the Offering
Legal Fees	$	5,000
Printing costs	2,000
Travel	2,000
Miscellaneous	1.000
$10,000
Financial Summary
PaddleWheel Productions, Inc., is a new business. It has never been in operation, but expects to open early in the year 2002. It was organized in 1993, but a series of unexpected occurrences (buildings expected to be leased or purchased and for which renovation plans were drawn became unavailable or unacceptable: one was reclaimed for municipal use; one is being purchased by the federal government at more than PaddleWheel could bid; one was discovered to be structurally unfit for auditorium renovation; one was found to be environmentally contaminated) prevented the actual start-up of the business. The above statement reflects assets as of May, 2001.
Use of Investment Money. PaddleWheel Productions intends to use money provided by investors to provide the equity on the loan being arranged to purchase the land and build the theatre, to buy and install equipment and furniture necessary to open The Troubadours Theatre, and to cover all pre-opening expenses, including rehearsals, insurance, legal expense, and other