| IPO Company Profile |
| SEC Filings | Peer IPO Companies | Company's Home Page |
| World Wide Magic Net, Inc. |
| 320 S. Garfield Avenue, Suite 318, Alhambra, CA 91801 * (626) 588-3660 |
| The company's mission is to make electronic commerce easy, practical, efficient and inexpensive for buyers and sellers in the consumer products wholesale industry. |
| Manager | Tier | Phone |
| Non Underwritten Offering | Lead Manager |
| Employees: | 0 | High-Tech: | SIC 7375 | |
| Type of Shares: | Common Shares | Filing Date: | 8/4/98 | |
| U.S. Shares Filed: | 2,500,000 | Filing Price: | $4.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $10,000,000 | |
| Primary Shares: | 2,500,000 | Expenses: | - | |
| Secondary Shares: | 0 | Post-IPO Shares: | 5,750,000 |
| Issuer's Law Firm: | Evers & Hendrickson, LLP |
| Auditor: | KPMG Peat Marwick |
Dollar amounts in U.S. millions except for per share data | |||||
| 9 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Audited Income | Balance Sheet | ||
| 6/30/97 | 3/31/98 | 3/31/97 | 3/31/98 | ||
| Revenue: | $0.04 | $0.05 | $0.02 | Assets: | $0.61 |
| Net Income: | -$0.59 | -$0.42 | -$0.41 | Curr Assets: | $0.50 |
| EPS: | -$0.13 | -$0.08 | -$0.09 | Liabilities: | $0.03 |
| Prior EPS: | Curr Liab: | $0.03 | |||
| Cash Flow/Oper: | -$0.50 | -$0.41 | -$0.35 | Equity: | $0.58 |
| Cash Flow/Fin: | $1.05 | $0.50 | $1.05 | Cash: | $0.49 |
| Cash Flow/Inv: | -$0.54 | $0.40 | -$0.69 | Working Cap: | $0.48 |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for expansion of current operations, including establishing Internet Sourcing Networks with EDI, upgrading its existing networks with Internet EDI, upgrading its existing computer infrastructure and Internet access and for working capital and general corporate purposes. |