| Scoop Inc. | |||
| Ticker: | SCPI | 254 Red Hill Avenue, Suite 100 | |
| Exchange: | NASDAQ-Small Cap Market | Santa Ana, CA 92705 | |
| Industry: | Service (SIC Code 7375) | (714) 225-6000 | |
| # of Employees: | 28 | ||
| Type of Shares: | Common Shares | Filing Date: | 11/5/96 | |
| U.S. Shares: | 1,450,000 | Offer Date: | 4/9/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $5.00 - $6.00 | |
| Primary Shares: | 1,450,000 | Offer Price: | $4.50 | |
| Secondary Shares: | 0 | Gross Spread: | $0.42 | |
| Offering Amount: | $7,975,000 | Selling: | $0.15 | |
| Expenses: | $750,000 | Reallowance: | $0.10 | |
| Shares Out After: | 5,202,497 |
| Manager | Tier | Phone |
| Shamus Group | Lead Manager |
| Issuer's Law Firm: | Latham & Watkins |
| Bank's Law Firm: | Jeffer, Mangels, Butler & Marmaro |
| Auditor: | Deloitte & Touche |
| Registrar/Transfer Agent: | American Stock Transfer & Trust Co |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/96 | 12/31/96 | ||||
| Revenue: | $1.40 | Assets: | $0.98 | ||
| Net Income: | -$2.17 | Curr Assets: | $0.58 | ||
| EPS: | -$0.64 | Liabilities: | $3.44 | ||
| Prior EPS: | $0.13 | Curr Liabilities: | $0.98 | ||
| Cash Flow/Oper: | -$1.66 | Equity: | -$2.45 | ||
| Cash Flow/Fin: | $2.08 | Cash: | $0.26 | ||
| Cash Flow/Inv: | -$0.17 | Working Cap: | -$0.40 | ||
| Business Description |
| The company is in the process of developing SCOOP!, an Internet delivered business information service designed to enable customers to efficiently satisfy their daily information needs. SCOOP! Customers will have access to an extensive array of well-recognized news and information sources which the companylicenses from UMI Company, a wholly-owned subsidiary of Bell & Howell Operating Company and one of the world's leading aggregators of articles from newspapers, periodicals and other information sources. SCOOP! Is designed to provide users with three distinct information toos: (I) a personalized electronic newspaper feature which provides current information tailored to the individual user's preferences, (ii) research tools for efficient retrieval of information from the company's licensed content databases and (iii) Web navigation tools for accessing information available on the Internet's World Wide Web. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for working capital and other general corporate purposes including product development, sales and marketing expenses, repayment of debt, capital expenditures, initiation of Scoop! Operations center and to fund anticipated operating losses. |
| Additional Underwriter Compensation |
| Additional compensation of $195,750. |
| Warrant to purchase 145,000 shares/units at $50.00 per share/unit. |
| Exercise price of $5.40 for 4 year(s), 1 year(s) from 4/9/97. |