| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies | Company's Home Page |
| Icon CMT Corp. |
| 1200 Harbor Blvd., Weehawkin, NJ 07087 * (201) 601-2000 |
| The company is an Internet solutions provider that offers a comprehensive range of services and products that enable corporate customers to implement their Internet, intranet and Extranet strategies. |
| Manager | Tier | Phone |
| CS First Boston | Lead Manager | (212) 325-2000 |
| BancAmerica Robertson Stephens | Co-manager | (415) 989-8500 |
| Donaldson, Lufkin & Jenrette Securities Corp. | Co-manager | (212) 371-0641 |
| Tucker Anthony Incorporated | Co-manager | (800) 453-8205 |
| NASNTL: | ICMT | Internet: | SIC 7373 | |
| Type of Shares: | Common Shares | Filing Date: | 10/21/97 | |
| U.S. Shares: | 3,850,000 | Offer Date: | 2/11/98 | |
| Non-U.S. Shares: | 0 | Filing Range: | $12.00 - $14.00 | |
| Primary Shares: | 3,850,000 | Offer Price: | $10.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.70 | |
| Offering Amount: | $50,050,000 | Selling: | $0.42 | |
| Expenses: | $0 | Reallowance: | $0.10 | |
| Post-IPO Shares: | - | |||
| Employees: | 225 |
| Issuer's Law Firm: | Parker Chapin Flattau & Klimpl |
| Bank's Law Firm: | Cravath, Swaine & Moore |
| Registrar/Transfer Agent: | American Stock Transfer & Trust Co |
| Auditor: | Price Waterhouse |
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: | $38.11 | $19.40 | $17.44 | Assets: | $12.85 |
| Net Income: | -$8.04 | -$5.68 | -$3.37 | Curr Assets: | $8.79 |
| EPS: | -$0.75 | -$0.52 | Liabilities: | $6.16 | |
| Prior EPS: | -$6.76 | -$2.75 | Curr Liab: | $6.16 | |
| Cash Flow/Oper: | -$4.99 | $8.41 | $6.39 | Equity: | $6.69 |
| Cash Flow/Fin: | $8.58 | -$1.12 | -$1.92 | Cash: | $1.04 |
| Cash Flow/Inv: | -$3.70 | Working Cap: | $2.63 | ||
| Competition |
| The markets served by the Company are extremely competitive. The Company expects competition to persist, intensify and increase in the future. Because there are no substantial barriers to entry, an influx of new market entrants is expected to continue in response to the growing demand for information and data communication technology services and products. Most of the Company's current and potential competitors enjoy a greater market presence and possess substantially greater technical, financial and marketing resources than the Company. |
| Business Plan |
| The company is an Internet solutions provider that offers a comprehensive range of services and products that enable corporate customers to implement their Internet, intranet and extranet strategies. The company's mission is to provide end-to-end solutions to its customers by facilitating the distribution of customers' information and applications over Icon's communications infrastructure as well as access to such information and applications. Unlike many of its competitors who focus on a single service or product, the Company continuously expands the breadth of its services and its engineering expertise to provide customized turnkey solutions to meet the increasingly demanding requirements of corporate customers. In order to provide end-to-end solutions, the company offers communications and professional services, as well as product resale capabilities. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for expansion and upgrade of the company's communications infrastructure and for working capital and general corporate purposes including acquisitions. |
| Name of Shareholder | % Owned Before | % Owned After |
| MVMA, Inc. | 7.40% | |
| Mellon Ventures, L.P. | 7.40% | |
| Tudor Investment Corporation | 6.20% |
| Officer Name | Title | Age |
| Scott A. Baxter | President, Chief Executive Officer and Chairman of the Board of Directors | 34 |
| Susan A. Massaro | Senior Vice President -- Professional Services | 41 |
| Frank C. Cicio, Jr. | Senior Vice President -- Sales and Business Development | 43 |
| Kenneth J. Hall | Senior Vice President, Chief Financial Officer and Treasurer | 39 |
| Scott Harmolin | Senior Vice President, Chief Technology Officer and Director | 38 |
| David L. Goret | Vice Presdietn -- Business Affairs, General Counsel and Assistant Secretary | 33 |
| Michael J. Gold | Vice President -- Corporate Development | 33 |
| Richard M. Brown | Vice President -- Information Technologies, Secretary and Director | 48 |
| Robert J. Thalman, Jr. | Vice President -- Strategy Marketing | 45 |
| Anthony R. Scrimenti | Vice President and Chief Information Officer | 43 |