| Ticker: KTWO | 80 East 11 Street, Suite 619 | |
| Exchange: NASDAQ-National Market | New York, New York 10003 | |
| Industry: Service | (212) 614-0191 |
| Type of Shares: | Common Shares | Filing Date: | 5/22/96 | |
| U.S. Shares: | 1,000,000 | Offer Date: | 7/26/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $6.00 - $8.00 | |
| Primary Shares: | 1,000,000 | Offer Price: | $6.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.60 | |
| Offering Amount: | $7,000,000 | Selling: | $0.30 | |
| Expenses: | - | Reallowance: | ||
| Shares Out After: | 3,495,482 |
| Manager | Tier | Phone |
| Donald & Co. Securities Inc. | Lead Manager | (908) 530-9898 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $1.20 | $0.51 | $0.03 | Assets: | $0.56 |
| Net Income: | $0.01 | -$0.12 | $0.05 | Liabilities: | $0.49 |
| EPS: | $0.01 | -$0.06 | Equity: | $0.07 | |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The Company's primary business is the design and creation of sites ("Web sites") for commercial organizations on that part of the Internet known as the World Wide Web. The Company has designed and created more than 35 Web sites, including Web sites for the customers of MCI Telecommunications Corporation ("MCI"), a subsidiary of MCI Communications Corporation, and for Prudential Securities, America Online Incorporated and International Business Machines, Inc., among others. Accordingly, management believes that the Company is a recognized provider of these services. Web sites are increasingly being utilized as a new medium for advertisement, promotion and technical support of an organization's products and services. The Company believes Web sites can provide commercial organizations benefits in addition to those available through conventional media, including the ability to engage and entertain consumers, provide in-depth information, reduce selling and operating costs, expand distribution channels, promote major sporting and entertainment events and monitor popularity of content and make timely changes in response to real-time feedback. Web sites also offer businesses the ability to obtain certain information about visitors to their sites. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for working capital and general corporate purposes. |
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