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| International Smart Sourcing, Inc. |
| 320 Broad Hollow Road, Farmingdale, NY 11735 * (516) 752-1950 |
| Business Description | The company has over 28 years of experience in the design, marketing and manufacture of injection molded plastic components and assemblies, including consumer, industrial and military knobs and custom and mechanical assemblies including Micro Veniers. |
| Offering Information Company has | |||
| Trading As | ISMT (NASSCM) | Industry | Manufacturing (SIC 3089) |
| Type of Stock Offered | Common Shares | Filing Date | 03/26/1998 |
| Domestic Shares Offered | 1,250,000 | Offer Date | 04/23/1999 |
| Foreign Shares Offered | 0 | Filing Range | $4.50 - $5.00 |
| Company Shares | 1,250,000 | Offer Price | $4.50 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $0.450 |
| Gross Proceeds | $5,625,000 | Selling | - - |
| Expenses | $1,350,000 | Reallowance | - - |
| Post-IPO Shares | 3,195,000 | Employees | 105 |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Network Capital Corporation | Lead Manager | (801) 364-5222 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | - - Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/27/1997 | ||||||
| Revenues | - | - | - | - | 6.055 | - | - |
| Income from Oper. | - | - | - | - | - | - | - |
| Net Income | - | - | - | - | 0.246 | - | - |
| E.P.S | - | - | - | 0.020 | 0.080 | - | - |
| Revenue Growth (%) | - | - | - | - | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | 4.06 | - | - |
| Cash Flow - Oper. | 0.67 | - | - | ||||
| Cash Flow - Inv. | -0.19 | - | - | ||||
| Cash Flow - Fin. | -0.20 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 12/27/1997 | Financial Ratios | ||||
| Total Assets | 2.91 | Current Assets | 2.17 | Current Ratio | 1.50 |
| Total Liab. | 2.46 | Current Liab. | 1.45 | Debt Ratio | 84.50% |
| Total Equity | 0.45 | Working Cap. | 0.73 | Debt to Equity Ratio | 5.45 |
| Cash | 0.35 | Return on Assets | 8.44% | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for product development, working capital and general corporate purposes and potential acquisitions. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Koerner Silberberg & Weiner, LLP |
| Bank's Law Firm | Morrison Cohen Singer & Weinstein |
| Registrar/Transfer Agent | Continental Stock Transfer & Trust Co |
| Auditor | Feldman Radin & Co. |
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| Additional Underwriter Compensation |
| Warrant to purchase 125,000 shares/units at a nominal price. |