| IPO Company Profile |
| SEC Filings | Peer IPO Companies |
| Logisticare, Inc. |
| One Crown Center, Suite 306 1895 Phoenix Boulevard, College Park, GA 30349 * (770) 907-7596 |
| The company manages non-emergency transportation services for government health and human service agencies and for managed care organizations. |
| Manager | Tier | Phone |
| Hambrecht & Quist Incorporated | Lead Manager | (415) 439-3626 |
| Everen Securities, Inc. | Co-manager | (312) 574-6859 |
| NASNTL: | LGTC | Transportation: | SIC 4729 | |
| Type of Shares: | Common Shares | Filing Date: | 5/11/98 | |
| U.S. Shares Filed: | 3,300,000 | Filing Range: | $10.00 - $12.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $36,300,000 | |
| Primary Shares: | 3,300,000 | Expenses: | - | |
| Secondary Shares: | 0 | Post-IPO Shares: | 11,321,510 | |
| Employees: | 140 |
| Issuer's Law Firm: | Proskauer Rose Goetz & Mendelsohn |
| Bank's Law Firm: | Katten Muchin & Zavis |
| Auditor: | Price Waterhouse |
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: | $11.50 | $11.72 | $1.36 | Assets: | $6.88 |
| Net Income: | -$4.21 | $0.23 | -$0.23 | Curr Assets: | $5.72 |
| EPS: | -$0.59 | $0.03 | -$0.04 | Liabilities: | $9.32 |
| Prior EPS: | -$0.02 | Curr Liab: | $9.08 | ||
| Cash Flow/Oper: | -$0.42 | $3.15 | -$0.21 | Equity: | -$2.45 |
| Cash Flow/Fin: | $1.32 | -$0.03 | $0.49 | Cash: | $3.68 |
| Cash Flow/Inv: | -$0.33 | -$0.08 | -$0.05 | Working Cap: | -$3.37 |
| Business Plan |
| The Company's goal is to become the nation's leading provider of non- emergency transportation management services to government agencies, MCOs and other third-party payors by establishing itself as the central contact for three constituencies: third-party payors, transportation carriers and Recipients. Key components of the Company's strategy for achieving these objectives include: (I) Build Recurring Revenue, (ii) Expand Within New and Existing Regional Markets, (iii) Pursue Long-Term Capitated Contracts, (iv) Create Networks of Transportation Carriers and (v) Realize Operational Efficiencies. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for working capital and general corporate purposes including providing collateral security for performance bonds in connection with new contracts, business development, operations expansion, internal software development and potential acquisitions. |