| Ticker: NETL | 584 Broadway | |
| Exchange: NASDAQ-Small Cap Market | New York, New York 10012 | |
| Industry: High-Tech | (212) 343-7082 |
| Type of Shares: | Common Shares | Filing Date: | 5/20/96 | |
| U.S. Shares: | 950,000 | Offer Date: | 8/12/96 | |
| Non-U.S. Shares: | 0 | Filing Price: | $5.50 | |
| Primary Shares: | 950,000 | Offer Price: | $5.50 | |
| Secondary Shares: | 0 | Gross Spread: | $0.55 | |
| Offering Amount: | $5,225,000 | Selling: | $0.28 | |
| Expenses: | $158,940 | Reallowance: | ||
| Shares Out After: | 2,600,000 |
| Manager | Tier | Phone |
| May Davis Group, Inc. | Lead Manager |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 3/31/96 | 3/31/96 | ||||
| Revenue: | $0.00 | Assets: | $0.28 | ||
| Net Income: | $0.24 | Liabilities: | $0.25 | ||
| EPS: | -$0.19 | Equity: | $0.03 | ||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| NetLive Communications, Inc. is a development stage company recently organized to provide live, one-on-one, videoconferenced entertainment, educational and counseling services over the Internet. The Company is developing and intends to utilize technologies that will allow customers to view and communicate with the Company's professionals and entertainment performers over the Internet in an interactive and user-friendly environment. It is intended that, at such time as the Company either develops or licenses technology from others, customers will be able to simultaneously view and speak with the Company's live professionals. The Company plans to bill its customers according to the length of time that they remain on-line. No assurance can be given as to when, if ever, such technology will be ready to be used commercially or that it will be commercially accepted. To date, other than the continued development of its technology and business plan and raising financing, the Company has not conducted any business nor generated any revenues or profits and no assurance can be given, that it will be able to do so in the future. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for expansion of operations, development of proposed business, capital expenditures and for working capital. |
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