As filed with the Securities and Exchange Commission on January 23, 1996
Registration No. 33-61477
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SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
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POST EFFECTIVE AMENDMENT NO. 1
FORM S-2
Registration Statement Under The Securities Act of 1933
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ILX INCORPORATED
(formerly International Leisure Enterprises Incorporated)
(Exact name of registrant as specified in its charter)
ARIZONA 6531 86-0564171
(State or other jurisdiction (Primary Standard (I.R.S. Employer
incorporation or organization) Industrial Classification Identification No.)
Code Number)
2777 East Camelback Road
Phoenix, Arizona 85016
(602) 957-2777
(Address, and telephone number, of registrant's principal executive offices)
JOSEPH P. MARTORI
Chief Executive Officer
ILX Incorporated
2777 East Camelback Road
Phoenix, Arizona 85016
(602) 957-2777
(Name, address, and telephone number, of agent for service)
Copies to:
Carol A. Colombo, Esq. Ronald Warner, Esq.
Colombo & Bonacci, P.C. Thelen, Marrin, Johnson & Bridges
2525 East Camelback Rd., Ste. 840 333 South Grand Avenue, 34th Fl.
Phoenix, Arizona 85016 Los Angeles, California 90071
(602) 956-5800 (213) 229-2066
Approximate date of commencement of proposed sale to public:
As soon as practicable after the Registration Statement becomes effective
If any of the securities being registered on this form are to be offered on a
delayed or continuous basis pursuant to Rule 415 under the Securities Act of
1933, check the following box. [X] If the registrant elects to deliver its
latest annual report to its security holders, or a complete and legible
facsimile thereof, pursuant to Item 11(a)(1) of this form, check the following
box. [ ] If this Form is filed to register additional securities for an offering
pursuant to Rule 462(b) under the Securities Act, check the following box and
list the Securities Act registration statement number of earlier effective
registration statement for the same offering. _____________ [ ] If delivery of
the prospectus is expected to be made pursuant to Rule 434, check the following
box. [ ]
<TABLE>
<CAPTION>
CALCULATION OF REGISTRATION FEE
<S> <C> <C> <C> <C>
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Title of Each Class Amount to be Proposed Maximum Proposed Maximum Amount of
of Securities to be Registered Registered Offering Price Per Unit(1) Aggregate Offering Price(1) Registration Fee
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Convertible Adjustable
Secured Bonds due 2000 $5,000,000 100% $5,000,000 $3,965.51
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Common Stock, no par value,
issuable upon Conversion of
Convertible Adjustable Secured -- -- -- --
Bonds (2)
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Placement Agent's Warrants(3) 100,000 $3.60 $360,000 $413.79
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(1) Estimated solely for the purpose of computing the registration fee.
(2) Such indeterminate number of shares of ILX common stock as may be issuable
upon conversion of the CAS Bonds being registered hereunder. Such shares of
common stock will, if issued, be issued for no additional consideration and
therefor no registration fee is required.
(3) Brookstreet Securities Corporation will receive warrants to purchase a
minimum of 40,000 shares and a maximum of 100,000 shares of ILX common
stock, determined in increments of 1,000 shares of common stock for every
$50,000 in aggregate principal amount of CAS Bonds sold.
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</TABLE>
<PAGE>
DEREGISTRATION OF UNSOLD SECURITIES
Pursuant to the terms of the registration of Convertible Adjustable
Secured Bonds Due 2000 (the "CAS Bonds") of ILX Incorporated (the "Company"),
which was declared effective by the Securities Exchange Commission on November
28, 1995, the offering of CAS Bonds expired at 5:00 p.m. December 15, 1995. The
Company did not receive subscriptions for the $2,000,000 minimum amount of CAS
Bonds and hence, pursuant to the terms of the registration, no CAS Bonds were
sold. Accordingly, the Company requests that the Commission deregister all of
the CAS Bonds, the Company's common stock into which the CAS Bonds would have
been converted and the 100,000 Placement Agent Warrants for the Company's common
stock that may have been issuable on the closing of the sale of CAS Bonds, all
of which were registered pursuant to registration number 33-61477.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
Registrant has duly caused this Registration Statement to be signed on its
behalf by the undersigned, thereunto duly authorized, in the City of Phoenix,
State of Arizona, on January 10, 1996.
ILX INCORPORATED
By /s/Nancy J. Stone
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Nancy J. Stone, President
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed by the following persons in the
capacities and on the dates indicated.
Signature Title Date
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/s/Joseph P. Martori Chairman/Chief Executive 1/10/96
- --------------------- Officer/Director --------------------
Joseph P. Martori
/s/Nancy J. Stone President/Chief Financial 1/10/96
- --------------------- Officer/Director --------------------
Nancy J. Stone
/s/Denise Janda Controller 1/10/96
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Denise Janda
/s/ Ronald D. Nitzberg Director 1/10/96
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Ronald D. Nitzberg
/s/ Edward J. Martori Director 1/10/96
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Edward J. Martori
/s/James W. Myers Director 1/10/96
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James W. Myers
/s/Steven R. Chanen Director 1/10/96
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Steven R. Chanen
/s/ Luis C. Acosta Director 1/10/96
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Luis C. Acosta
