| Navidec, Inc. | |||
| (www.navidec.com) | |||
| Ticker: | NVDC | 14 Inverness Drive, Building F, Suite 116 | |
| Exchange: | NASDAQ-Small Cap Market | Englewood, CO 80112 | |
| Industry: | High-Tech (SIC Code 7373) | (303) 790-7565 | |
| Type of Shares: | Common Shares | Filing Date: | 10/18/96 | |
| U.S. Shares: | 1,000,000 | Offer Date: | 2/10/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $6.50 - $7.50 | |
| Primary Shares: | 755,000 | Offer Price: | $5.90 | |
| Secondary Shares: | 245,000 | Gross Spread: | $0.59 | |
| Offering Amount: | $7,000,000 | Selling: | $0.29 | |
| Expenses: | $515,000 | Reallowance: | $0.00 | |
| Shares Out After: | 2,804,721 |
| Manager | Tier | Phone |
| Joseph Charles & Associates, Inc. | Lead Manager | (310) 274-4402 |
| Issuer's Law Firm: | Cohen Brame & Smith Professional Corporation |
| Bank's Law Firm: | Berliner Zisser Walter & Gallegos |
| Auditor: | Hein & Associates |
| Registrar/Transfer Agent: | American Securities Transfer, Inc |
Dollar amounts in U.S. millions except for per share data | |||||
| 9 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 9/30/96 | 9/30/96 | |||
| Revenue: | $4.12 | $4.22 | Assets: | $2.31 | |
| Net Income: | $0.02 | -$0.71 | Curr Assets: | ||
| EPS: | -$0.02 | -$0.35 | Liabilities: | $2.32 | |
| Prior EPS: | -$0.61 | -$0.05 | Curr Liabilities: | ||
| Cash Flow/Oper: | -$0.10 | Equity: | -$0.01 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is a leading provider of comprehensive Internet and Intranet solutions for regional, national and international business organizations. The company also serves as a distributor of various high technology and other products through traditional and electronic channels. The company provides its services and distributes its products to over 500 customers as of the date of this Prospectus. The company's Internet/Intranet Solution focus on all aspects of commercial Internet and Intranet presence, including design and development of World Wide Web sites, marketing, database integration, electronic commerce and order fulfillment. Product distribution includes the sale and installation of high technology systems and components from third party manufacturers principally through traditional distribution channels. The company's core competencies in Internet/Intranet technology and traditional product marketing and distribution for its business model of providing complete Internet/Intranet solutions. These solutions include computer and network infrastructure equipment, software and services, content and aggregation, electronic commerce and fulfillment of orders. |
| Competition |
| Existing competitors to the Internet/Internet Solutions business include Online Systems Services, Inc., Eagle River Interactive, Inc. and Open Market, Inc., all public companies traded on NASDAQ, as well as a large number of regional firms providing similar services to those of the company. Potential competitors in this business include browser software vendors, PC and UNIX software vendors and on-line service providers. Additional competition comes from numerous client/server companies, database companies, multimedia companies, advertising agencies, document management companies, networking software companies, network management companies and educational software companies. |
| Business Plan |
| The company's goal is to enhance its position as a leading provider of comprehensive networking and electronic marketing and distribution solutions to regional, national and international clients. To achieve this objective, the company is pursuing the following strategies. 1) Leverage expertise and core competencies; 2) exploit recurring revenues streams; 3) develop strategic relationships; 4) maintain expertise; 5) emphasize client return on investment; 6) promote intranets; 7) expand traditional distribution channels. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for purchase of capital equipment, development of Internet/Intranet solutions, advertising and marketing, repayment of loans and working capital and other general corporate purposes. |
| Additional Underwriter Compensation |
| Additional compensation of $200,000. |
| Warrant to purchase 100,000 shares/units at $100.00 per share/unit. |
| Exercise price of $7.38 for 4 year(s), 1 year(s) from 2/10/97. |
| $72,000.00 consulting agreement for 2 year(s). |
| # of Units: | 1,000,000 | |||
| Unit Ticker: | NVDCU | Unit Price: | $6.00 | |
| Warrant Ticker: | NVDCW | Warrant Price: | $0.10 | |
| Warrant Exercise Date: | 02/10/1997 | Warrant Exercise Price: | $7.20 | |
| Warrant Expiration Date: | 02/10/2002 | |||
| Warrant Detachable: | Yes | Warrant Detach Date: | 02/10/1997 | |
| Warrant Callable: | Yes | Warrant Call Date: | 02/10/1998 |
| Unit Composition: 1 Common Share + 1 Warrant |
| Warrant Entitlement: 1 Common Share |
| Warrants are callable at $0.05 if the common stock trades at $8.40 for 20 of 30 consecutive trading days. |