PART II
Item 5. Market for Common Equity and Related Stockholder Matters.
Until March 31, 1997 Alfa's Old Common Stock traded in the
over the counter market and was listed on the OTC Electronic
Bulletin Board under the symbol "ALFE". In January 1997, concurrent
with the effectiveness of the Company's reverse split of the Old
Common Stock pursuant to the Plan, the Company applied for and was
assigned, a new trading symbol - "TYBR" - for its Common Stock. On
March 19, 1997 an NASD member firm was cleared to quote the
Company's Common Stock on the OTC Bulletin Board. That firm subsequently
failed to maintain their market. Another NASD member firm has
applied for clearance to begin making a market in the Company's
Common Stock under the TYBR symbol, but no assurance can be given
at this time that any such market-maker will actually make such a
market.
The Company also issued shares of its Common Stock pursuant
to the Plan. (SEE: "Legal Proceedings").
Pursuant to the I.B. Agreement the Company issued 1,250,000
shares of its Common Stock to Old Dominion. As of the date hereof
Old Dominion is obligated to return to the Company for cancellation
the aforementioned 1,250,000 shares of Common Stock. (SEE:
"Description of Business" and "Management's Discussion and Analysis
or Plan of Operation").
Under a stock grant approved by the Board of Directors in
December 1996, the Company issued 164,175 shares of its Common
Stock to its President, Frank J. Drohan and 60,000 shares of its
Common Stock to its Vice-President, Charles P. Kuczynski, all at
a price of $.01 per share.
Pursuant to the Merger, the Company issued 984,408 shares of
its Common Stock to the shareholders of TYNY in exchange for all
of the outstanding capital stock of TYNY. (SEE: "Description of
Business" and "Management's Discussion and Analysis or Plan of
Operation").
At March 15, 1997 the Company had 3,543,896 shares of its
Common Stock issued and outstanding and there were approximately
1,900 holders of record of such Common Stock. As of the date hereof
the Company has no shares of preferred stock issued or outstanding.
The Company has never declared any dividends and it is
anticipated that any earnings will be retained for the Company's
business in the foreseeable future. Any declaration in the future
of any cash or stock dividends will be at the discretion of the
Board of Directors and will depend upon, among other things,
earnings, the operating and financial condition of the Company,
capital requirements, and general business conditions.
The transfer agent for the Company's Common Stock is
Continental Stock Transfer and Trust Company, 2 Broadway, New York,
New York 10004.
