| Didax, Inc. | |||
| (www.didax.com) | |||
| Ticker: | AMEN | 4501 Daly Drive, Suite 103 | |
| Exchange: | NASDAQ-Small Cap Market | Chantilly, VA 20151 | |
| Industry: | High-Tech (SIC Code 7371) | (703) 968-4808 | |
| Type of Shares: | Common Shares | Filing Date: | 4/29/97 | |
| U.S. Shares: | 2,000,000 | Offer Date: | 9/23/97 | |
| Non-U.S. Shares: | 0 | Filing Price: | $5.00 | |
| Primary Shares: | 2,000,000 | Offer Price: | $5.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.50 | |
| Offering Amount: | $10,000,000 | Selling: | ||
| Expenses: | - | Reallowance: | ||
| Shares Out After: | 3,542,588 |
| Manager | Tier | Phone |
| Barron Chase Securities, Inc. | Lead Manager | (800) 747-1202 |
| Issuer's Law Firm: | Berman, Wolfe & Rennert |
| Bank's Law Firm: | Carter, David A. |
| Auditor: | Hoffman, Morrison & Fitzgerald, P.C. |
| Registrar/Transfer Agent: | American Stock Transfer & Trust Co |
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 | ||
| 12/31/96 | 3/31/97 | 3/31/96 | 3/31/97 | ||
| Revenue: | $0.18 | $0.09 | $0.00 | Assets: | $1.20 |
| Net Income: | -$2.46 | -$0.47 | -$0.53 | Curr Assets: | |
| EPS: | -$2.18 | -$0.39 | -$0.54 | Liabilities: | $2.58 |
| Prior EPS: | -$0.12 | -$0.58 | -$0.46 | Curr Liabilities: | |
| Cash Flow/Oper: | -$2.02 | Equity: | -$1.39 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is a research and development company which provides limited technology consulting services and other related Internet services to Christian organizations. The company's website, and Internet-based alternative to traditional means of communications by Christian ministries and Christian content publishers and retailers is intended to provide its target constituent base, the Christian consumer, with resources and information provided by Christian and secular retailers, publishers, charities and ministries. The company's website is also intended to reduce its clients' costs of contacting their target constituents and markets while expanding the potential reach and duration of that contact. Access to CCN is currently provided free of charge to persons who have Internet access. TO date, the company has derived all of its revenues from 1) providing website development and other technology consulting services to Christian organizations. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to retire company indebtedness, including amounts owed to officers of the company, for marketing sales and consulting services, product development, working capital and for general corporate purposes. |