| netValue, Inc. | |||
| Proposed Ticker: | - | 1960 Bronson Road Building No 2 | |
| Exchange: | NASDAQ-Small Cap Market | Fairfield, CT 06430 | |
| Industry: | Service (SIC Code 7319) | (203) 319-7000 | |
| Type of Shares: | Common Shares | Filing Date: | 12/30/97 | |
| U.S. Shares Filed: | 2,400,000 | Filing Price: | $5.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $12,000,000 | |
| Primary Shares: | 2,400,000 | Expenses: | $300,000 | |
| Secondary Shares: | 0 | Shares Out After: | 13,086,006 |
| Manager | Tier | Phone |
| J. B. Sutton Group L.L.C. | Lead Manager | (516) 498-2100 |
| Issuer's Law Firm: | Bernstein & Wasserman |
| Bank's Law Firm: | Klehr, Harrison, Harvey, Branzburg & Ellers LLP |
| Auditor: | LJ Soldinger Associates |
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: | $0.00 | $0.00 | $0.00 | Assets: | $0.75 |
| Net Income: | -$3.31 | -$6.81 | -$1.00 | Curr Assets: | $0.06 |
| EPS: | -$0.63 | Liabilities: | $6.38 | ||
| Prior EPS: | -$3.94 | -$0.29 | Curr Liabilities: | $3.83 | |
| Cash Flow/Oper: | -$1.84 | $4.14 | $2.45 | Equity: | -$5.63 |
| Cash Flow/Fin: | $2.45 | -$0.48 | -$0.01 | Cash: | $0.03 |
| Cash Flow/Inv: | -$0.31 | -$0.48 | Working Cap: | -$3.77 | |
| Business Description |
| netValue is a development stage company which provides electronic commerce and database marketing services to Internet advertisers and publishers. The Company's first product, Coupons Online, allows marketers to deliver targeted, secure coupons and other incentives to consumers from any Internet web site. Consumers use the Company's web-browser plug-in software to access and print coupon offers from the web site of netValue's clients. The Company's systems provide online targeting and validation for each consumer and coupon. In July 1997, the Company commenced commercial operations of its Coupons Online service. The Company's second product, i-Value, is a service to which consumers subscribe to receive periodic "electronic packages" of incentives delivered to their personal computers. Promotional offers can be individually tailored to each consumer's product preferences and shopping habits. netValue provides client retailers with consumer software, targeting, validation and reporting services. The Company expects to commercially launch its i-Value program in the second quarter of 1998. |
| Competition |
| The Company faces significant competition from many consumer promotion and advertising companies which compete, directly or indirectly, for consumer advertising and promotion business from advertisers and for consumers' time and attention. Many of these advertising and promotion companies have longer operating histories, greater market presence, and substantially greater financial and other resources than the Company. Many of these companies, including Catalina Marketing Corporation, Money Mailer, Val-Pak Direct Marketing Systems and Interactive Coupon Network, have initiated or are planning to initiate programs and services involving the Internet. Additionally, the Internet is a relatively new format upon which retailers and consumers conduct business. As the Internet evolves and consumers gain greater confidence in the Internet and other means of electronic commerce, it is likely that competition will increase. Accordingly, there can be no assurance that competition will not increase from existing competitors, that established or new companies will not enter the market, that competitors will not offer comparable products and services at lower prices than the Company, or that the Company will be able to compete successfully with such existing or new competitors. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay short term notes payable, to repay outstanding accounts payable, to provide funds for working capital and for general corporate purposes. |