| IPO Company Profile |
| SEC Filings | Peer IPO Companies |
| Phytotech, Inc. |
| 1 Deer Park Drive, Suite I, Monmouth Jct, NJ 08852 * (732) 438-0900 |
| The company is a biotechnology company engaged in the development and commercialization of products and services based on the control of biochemical processes in selected plants. |
| Manager | Tier | Phone |
| Paulson Investment Company, Inc. | Lead Manager | (503) 243-6028 |
| Employees: | 18 | Manufacturing: | SIC 2834 | |
| Type of Shares: | Common Shares | Filing Date: | 4/22/98 | |
| U.S. Shares Filed: | 2,000,000 | Filing Range: | $5.00 - $6.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $11,000,000 | |
| Primary Shares: | 2,000,000 | Expenses: | - | |
| Secondary Shares: | 0 | Post-IPO Shares: | 4,556,489 |
| Issuer's Law Firm: | Shanley & Fisher, P.C. |
| Bank's Law Firm: | Stoel Rives Boley Jones & Grey |
| Registrar/Transfer Agent: | Registrar and Transfer Company, New Jersey |
| Auditor: | KPMG Peat Marwick |
Dollar amounts in U.S. millions except for per share data | |||||
| 3 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Audited Income | Balance Sheet | ||
| 12/31/97 | 3/31/98 | 3/31/97 | 3/31/98 | ||
| Revenue: | $0.46 | $0.19 | $0.13 | Assets: | $0.75 |
| Net Income: | -$2.96 | -$0.51 | -$0.69 | Curr Assets: | $0.28 |
| EPS: | -$1.16 | -$0.20 | -$0.27 | Liabilities: | $3.39 |
| Prior EPS: | -$1.03 | Curr Liab: | $2.02 | ||
| Cash Flow/Oper: | -$2.01 | -$0.46 | -$0.52 | Equity: | -$2.64 |
| Cash Flow/Fin: | $1.51 | $0.51 | $0.00 | Cash: | $0.05 |
| Cash Flow/Inv: | -$0.02 | -$0.01 | $0.00 | Working Cap: | -$1.74 |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to fund research and development, nutritional studies, marketing and commercialization, to repay certain promissory notes and for working capital and for general corporate purposes. |
| Additional Underwriter Compensation |
| Warrant to purchase 200,000 shares/units at a nominal price. |
| # of Units: | 2,000,000 | |||
| Unit Ticker: | - | Unit Price: | ||
| Warrant Ticker: | Z | Warrant Price: | ||
| Warrant Exercise Date: | Warrant Exercise Price: | |||
| Warrant Expiration Date: | ||||
| Warrant Detachable: | Yes | Warrant Detach Date: | ||
| Warrant Callable: | Yes | Warrant Call Date: |
| Unit Composition: 1 Common Share + 1 Warrant |
| Warrant Entitlement: 1 Common Share |
| Warrants are callable at $0.25 if the common stock trades at $0.00 for 20 of 30 consecutive trading days. |