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Navigant International, Inc.
84 Inverness Circle East, Englewood, CO 80112 * (303) 706-0800

The company provides corporate travel management services in the U.S., Canada and the U.K. The company was created by the consolidation of 11 regional travel agencies, TDOP provides reservations, ticketing, accounting and information consulting services.

Primary Underwriting Group
ManagerTierPhone
Salomon Smith BarneyLead Manager (212) 723-7300
Nationsbanc Montgomery Securities, Inc.Co-manager (415) 627-2100
Raymond James & Associates, Inc.Co-manager (813) 573-8108

Offering Information
NASNTL:FLYR Transportation: SIC 4724
Type of Shares:Common Shares Filing Date:3/6/98
U.S. Shares:2,000,000 Offer Date:6/9/98
Non-U.S. Shares:0 Filing Range:$11.00 - $13.00
Primary Shares:2,000,000 Offer Price:$9.00
Secondary Shares:0 Gross Spread:$0.63
Offering Amount: $24,000,000 Selling:$0.37
Expenses:$0 Reallowance:$0.10
Post-IPO Shares:13,100,000
Spin out parent firm: U.S. Office Products
Employees:2400

Legal Counsel, Auditor and Registrar
Issuer's Law Firm: Wilmer, Cutler & Pickering
Bank's Law Firm: Cleary, Gottlieb, Steen & Hamilton
Auditor: Price Waterhouse

Selected Financial Data

Dollar amounts in U.S. millions except for per share data
6 Month Ending Financials
Full Year
Audited
Income
Latest
Unaudited
Income
Prior
Audited
Income
Balance
Sheet
4/26/97 10/25/97 10/26/96 10/25/97
Revenue:$57.68$46.56$29.01Assets:$133.44
Net Income:$3.34$2.56$2.69Curr Assets:$29.22
EPS:Liabilities:$35.06
Prior EPS:Curr Liab:$20.43
Cash Flow/Oper:Equity:$98.38
Cash Flow/Fin:Cash:$4.49
Cash Flow/Inv:Working Cap:$8.79

Use of Proceeds
The proceeds from the proposed offering will be used to repay debt and for general corporate purposes.

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