| Auto-By-Tel Corporation | |||
| Proposed Ticker: | ABTL | 18872 MacArthur Boulevard, Suite 200 | |
| Exchange: | NASDAQ-National Market | Irvine, CA 92612 | |
| Industry: | High-Tech (SIC Code 7375) | (714) 225-4500 | |
| Type of Shares: | Common Shares | Filing Date: | 1/31/97 | |
| U.S. Shares Filed: | 4,000,000 | Filing Range: | $9.50 - $11.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $41,000,000 | |
| Primary Shares: | 3,600,000 | Expenses: | - | |
| Secondary Shares: | 400,000 | Shares Out After: |
| Manager | Tier | Phone |
| Montgomery Securities | Lead Manager | (415) 627-2100 |
| Cowen & Company | Co-manager | (212) 495-6000 |
| Robertson, Stephens & Company | Co-manager | (415) 989-8500 |
| Issuer's Law Firm: | Wilson, Sonsini, Goodrich & Rosati |
| Bank's Law Firm: | Skadden, Arps, Slate, Meagher & Flom |
| Auditor: | Arthur Andersen |
| Registrar/Transfer Agent: | ChaseMellon Shareholder Services, L.L.C. |
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: | $5.03 | Assets: | $12.30 | ||
| Net Income: | -$6.04 | Curr Assets: | |||
| EPS: | -$0.38 | Liabilities: | $4.30 | ||
| Prior EPS: | -$0.07 | Curr Liabilities: | |||
| Cash Flow/Oper: | -$3.61 | Equity: | $8.00 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is establishing a nationally branded Internet based marketing service for new and used vehicle purchasing and related consumer services. The company's Web site enables consumers to gather valuable information about automobiles and light duty trucks and shop for vehicles and related consumer services from the convenience of their home or office. This convenience, coupled with low, haggle-free pricing and quick and courteous service, improves consumers' overall buying experiences. The company's Internet based alternative to traditional vehicle retailing dramatically reduces participating dealerships' selling costs per vehicle and increases sales volumes by channeling a large number if ready-to-buy, well-informed consumers to Auto-By--Tel participating dealerships. The company's Internet-based services are free to consumers and, to date, the company has derived substantially all of its revenues from fees paid by subscribing dealerships. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for working capital and for general corporate purposes. |