| IPO Company Profile |
| SEC Filings | Peer IPO Companies | Company's Home Page |
| Galacticomm Technologies, Inc. |
| 4101 S.W. 47th Avenue, Suite 101, Ft. Lauderdale, FL 33314 * (954) 583-5990 |
| The company develops, markets, licenses and supports software that enables users to communicate and conduct business over the Internet, intranets, or other online communications systems. |
| Manager | Tier | Phone |
| Security Capital Trading Corp. | Lead Manager |
| NASSCM: | GALA | Internet: | SIC 7373 | |
| Type of Shares: | Common Shares | Filing Date: | 11/7/97 | |
| U.S. Shares Filed: | 1,800,000 | Filing Range: | $4.00 - $6.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $9,000,000 | |
| Primary Shares: | 1,800,000 | Expenses: | $791,400 | |
| Secondary Shares: | 0 | Post-IPO Shares: | ||
| Employees: | 33 |
| Issuer's Law Firm: | Lucio, Mandler, Croland, Brownstein & Garbett |
| Bank's Law Firm: | Akerman, Senterfitt & Eidson |
| Registrar/Transfer Agent: | Continental Stock Transfer & Trust Co |
| Auditor: | KPMG Peat Marwick |
Dollar amounts in U.S. millions except for per share data | |||||
| 6 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/96 | 6/30/97 | 6/30/96 | 6/30/97 | ||
| Revenue: | $1.69 | $1.79 | $0.31 | Assets: | $3.61 |
| Net Income: | -$1.04 | -$1.08 | -$0.13 | Curr Assets: | $0.79 |
| EPS: | -$0.36 | -$0.25 | -$0.05 | Liabilities: | $2.82 |
| Prior EPS: | -$1.36 | -$0.16 | Curr Liab: | $1.43 | |
| Cash Flow/Oper: | -$0.45 | $0.38 | $0.31 | Equity: | $0.79 |
| Cash Flow/Fin: | $2.54 | -$0.08 | -$0.12 | Cash: | $0.41 |
| Cash Flow/Inv: | -$0.63 | Working Cap: | -$0.64 | ||
| Competition |
| The communications software industry is intensely competitive. Many of the Company's competitors are substantially larger and have much greater financial resources and name recognition than the Company. They also have longer operating histories in the Internet and intranet markets and greater technical and marketing resources than the Company. To maintain or increase its position in the industry, the Company will need to continually enhance its current product line, and introduce new products and services. There can be no assurance, however, that the Company will be able to compete successfully in the future, or that competition will not have a material adverse effect on the Company's business, financial condition and results of operations. The Company's Worldgroup product faces competition from a number of products that permit information exchange in ways similar to Worldgroup, including: (i) Microsoft Back Office; (ii) Lotus Domino, (iii) Novell's Intranet Ware; and (iv) Netscape's SuiteSpot. While these and other competitive products offer features similar to Worldgroup, the Company believes that Worldgroup maintains a competitive advantage over these products in terms of price, availability of add-on applications, ease of use and administration. WebCast, the Company's software for Web cameras, competes with products offered by White Pine Software, Inc., Progressive Networks, Vxtreme, Inc., Xing Technology Corporation, NetSpeak, VocalTec, Vivo Software, Inc. and VDOnet Corporation. Actibase, the Company's Internet database connectivity program, competes with, among others, Claris' Filemaker Pro, Microsoft's InterDev and Topspeed's Clarion. The Company competes against these products in terms of price and the fact that no special client software, other than Netscape Navigator 2.0 or above or Microsoft's Internet Explorer 4.0 or above web browser, is required to view the WebCast video or audio stream. Actibase, the Company's Internet database connectivity program, competes with, among others, Claris' Filemaker Pro, Microsoft's InterDev and Topspeed's Clarion. |
| Business Plan |
| Pursuant to its business strategy, the Company expects to continue to make expenditures on new product introductions, marketing, and research and development, all of which will adversely affect operating results until revenues from sales of such products reach a level at which these costs are supported. There can be no assurance that the Company will achieve or sustain profitability. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for advertising and marketing programs, repayment of indebtedness, research and development, working capital and capital expenditures. |
| Name of Shareholder | % Owned Before | % Owned After |
| Peder Sager Wallenberg Charitable Trust | 42.20% | |
| Mees Pierson Management (Guernsey) Limited | 42.20% | |
| Bayard Trust Company, Limited | 42.20% | |
| Yannick Tessier | 27.80% | |
| Peter Berg | 27.80% | |
| Timothy Mahoney | 5.30% |
| Officer Name | Title | Age |
| Peter Berg | Chairman, Chief Executive Officer and Secretary | 42 |
| T. Michael Love | Chief Financial Officer | 32 |
| Yannick Tessier | President and Director | 29 |
| # of Units: | - | |||
| Unit Ticker: | GCOMU | Unit Price: | ||
| Warrant Ticker: | GCOMW | Warrant Price: | ||
| Warrant Exercise Date: | Warrant Exercise Price: | |||
| Warrant Expiration Date: | ||||
| Warrant Detachable: | Yes | Warrant Detach Date: | ||
| Warrant Callable: | Yes | Warrant Call Date: |
| Unit Composition: 1 Common Share + 1 Common Stock purchase warrant |
| Warrant Entitlement: 1/2 Common Share |