| GlobalTel Resources, Inc. | |||
| Proposed Ticker: | - | 1520 Eastlake Avenue East | |
| Exchange: | American Stock Exchange | Seattle, WA 98102 | |
| Industry: | Service (SIC Code 4813) | (206) 720-7250 | |
| # of Employees: | 29 | ||
| Type of Shares: | Common Shares | Filing Date: | 12/22/97 | |
| U.S. Shares Filed: | 0 | Filing Price: | - | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $20,700,000 | |
| Primary Shares: | 0 | Expenses: | - | |
| Secondary Shares: | 0 | Shares Out After: |
| Manager | Tier | Phone |
| Cruttenden Roth Incorporated | Lead Manager | (800) 678-9147 |
| Issuer's Law Firm: | Heller, Ehrman, White & McAuliffe |
| Bank's Law Firm: | Stoel Rives Boley Jones & Grey |
| Auditor: | Arthur Andersen |
| Registrar/Transfer Agent: | ChaseMellon Shareholder Services, L.L.C. |
Dollar amounts in U.S. millions except for per share data | |||||
| 9 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/96 | 9/30/97 | 9/30/96 | 9/30/97 | ||
| Revenue: | $9.14 | $10.64 | $5.83 | Assets: | $4.00 |
| Net Income: | -$5.87 | -$4.44 | -$4.10 | Curr Assets: | $1.62 |
| EPS: | Liabilities: | $11.41 | |||
| Prior EPS: | Curr Liabilities: | $7.44 | |||
| Cash Flow/Oper: | Equity: | -$7.41 | |||
| Cash Flow/Fin: | Cash: | $0.24 | |||
| Cash Flow/Inv: | Working Cap: | -$5.82 | |||
| Business Description |
| The company provides international telecommunications services principally to small and medium sized business customers in developing telecommunications markets. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to preay certain indebtedness and for capital expenditures, working capital and for general corporate purposes. |