| e-Net, Inc. | |||
| Ticker: | ETEL | 7-4 Metropolitan Court | |
| Exchange: | NASDAQ-Small Cap Market | Gaithersburg, MD 20878 | |
| Industry: | High-Tech (SIC Code 7372) | (301) 548-8880 | |
| Type of Shares: | Common Shares | Filing Date: | 4/22/96 | |
| U.S. Shares: | 1,500,000 | Offer Date: | 4/7/97 | |
| Non-U.S. Shares: | 0 | Filing Price: | $5.00 | |
| Primary Shares: | 1,500,000 | Offer Price: | $5.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.50 | |
| Offering Amount: | $7,500,000 | Selling: | $0.25 | |
| Expenses: | $1,000,000 | Reallowance: | ||
| Shares Out After: | 5,750,000 |
| Manager | Tier | Phone |
| Barron Chase Securities, Inc. | Lead Manager | (800) 747-1202 |
| Issuer's Law Firm: | Prousalis, Thomas T. |
| Bank's Law Firm: | Carter, David A. |
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 | ||
| 12/31/96 | 12/31/96 | ||||
| Revenue: | $0.44 | Assets: | $1.37 | ||
| Net Income: | -$6.33 | Curr Assets: | |||
| EPS: | -$1.59 | Liabilities: | $1.16 | ||
| Prior EPS: | Curr Liabilities: | ||||
| Cash Flow/Oper: | Equity: | $0.21 | |||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company develops, markets and supports open client, server and integrated applications software that enables local, national and international telephone communications, information exchange and commerce over the Internet and private Internet Protocol. The company's software products are designed to deliver high levels of performance, ease of use and security. These software products allow individuals and organizations to execute secure voice communications across the Internet, through the use of authentication technology, for local national and international telephone communications, information exchange and commerce. In addition, through the use of the company's software, organizations can extend their internal information systems and enterprise applications to geographically dispersed facilities, remote offices and mobile employees. |
| Competition |
| The market for Internet and intranet-based software and services is new, intensely competitive, rapidly evolving and subject to rapid technological change. The company expects competition to persist, intensify and increase in the future, from start-up companies to major technology and telecommunications companies. Almost all of the company's current and potential competitors have longer operating histories, greater name recognition, larger installed customer bases and significantly greater financial, technical and marketing resources than the company. Such comeptition may materially adversely affect the company's business, operating results or financial condition. The company's current and potential competitiors can be divided into several groups,: Microsoft, browser software vendors, Web server software and service vendors, PC and Unix software vendors and online service providers. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for administrative expenses, operating and working capital, including software support and development, capital equipment, marketing and sales, mergers and acquisitions and the repayment of debt. |