| Sportsline USA, Inc. | |||
| Proposed Ticker: | SPLN | 6340 N.W. 5th Way | |
| Exchange: | NASDAQ-National Market | Fort Lauderdale, FL 33309 | |
| Industry: | High-Tech (SIC Code 7375) | (954) 351-2120 | |
| Type of Shares: | Common Shares | Filing Date: | 4/16/97 | |
| U.S. Shares Filed: | 0 | Filing Price: | - | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $46,000,000 | |
| Primary Shares: | 0 | Expenses: | - | |
| Secondary Shares: | 0 | Shares Out After: |
| Manager | Tier | Phone |
| Robertson, Stephens & Company | Lead Manager | (415) 989-8500 |
| Cowen & Company | Co-manager | (212) 495-6000 |
| Montgomery Securities | Co-manager | (415) 627-2100 |
| Issuer's Law Firm: | Greenberg Traurig Hoffman Lipoff Rosen & Quentel |
| Bank's Law Firm: | Brobeck, Phleger & Harrison |
| Auditor: | Arthur Andersen |
| Registrar/Transfer Agent: | SunTrust Bank of Atlanta |
Dollar amounts in U.S. millions except for per share data | |||||
| 3 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/97 | 3/31/96 | 3/31/97 | ||
| Revenue: | $2.44 | $1.25 | $0.10 | Assets: | $30.86 |
| Net Income: | -$12.86 | -$4.60 | -$2.37 | Curr Assets: | |
| EPS: | Liabilities: | $4.33 | |||
| Prior EPS: | -$3.56 | -$2.35 | Curr Liabilities: | ||
| Cash Flow/Oper: | -$10.91 | Equity: | $26.52 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is a leading Internet-based sports media company that provides branded, interactive information and programming as well as merchandise to sports enthusiastic worldwide. cbs.sportsline.com, the company's flagship site on the World Wide Web, delivers real-time, in-depth and compelling sports content and programming that capitalizes on the Web's unique graphical and interactive capabilities. The company's other Web sites include those devoted to sports superstars such as Joe Namath, Shaquille O'Neal (shaq.com), Cal Ripken, Jr. (2131.com) and Wayne Gretzky (gretzky.com) and to electronic odds and information on major sports events (vegasinsider.com). The company's objective is to become the leading Internet-based sports media company and to create a global sports brand. To this end, the company focuses exclusively on sports and distinguishes itself from other content providers by offering innovative, timely and comprehensive sports content. Traffic on the company's Web sites has increased significantly since the commercial launch of the company's first Web site in August 1995 to a daily average of 1,200,000 page views and 155,000 visits during March 1997, and the company's Web sites page views and 155,000 visits during March 1997, and the company's Web sites had approximately 33,000 paying members as of March 31, 1997. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for working capital and other general corporate purposes including possible acquisitions. |