| IPO Company Profile |
| SEC Filings | Peer IPO Companies | Company's Home Page |
| IT Partners Inc. |
| 9881 Broken Land Parkway, Suite 102, Columbia, MD 21046 * (410) 309-9800 |
| The company is a growing information technology solutions provider that delivers comprehensive, value-added IT solutions to middle-market and Fortune 1000 companies throughout the U.S. and selected Western European countries. |
| Manager | Tier | Phone |
| Friedman, Billings, Ramsey & Co., Inc. | Lead Manager | (703) 312-9571 |
| Piper Jaffray Incorporated | Co-manager | (612) 342-6220 |
| NASNTL: | ITPI | High-Tech: | SIC 7371 | |
| Type of Shares: | Common Shares | Filing Date: | 8/10/98 | |
| U.S. Shares Filed: | 6,000,000 | Filing Range: | $14.00 - $16.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $90,000,000 | |
| Primary Shares: | 6,000,000 | Expenses: | - | |
| Secondary Shares: | 0 | Post-IPO Shares: | 13,667,218 | |
| Employees: | 735 |
| Issuer's Law Firm: | Swidler & Berlin, Chartered |
| Bank's Law Firm: | Wilmer, Cutler & Pickering |
| Registrar/Transfer Agent: | American Stock Transfer & Trust Co |
| Auditor: | Arthur Andersen |
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: | $23.78 | $6.22 | $0.00 | Assets: | $86.96 |
| Net Income: | -$4.09 | -$3.78 | -$0.68 | Curr Assets: | $20.14 |
| EPS: | -$3.45 | -$1.00 | -$1.82 | Liabilities: | $68.95 |
| Prior EPS: | Curr Liab: | $12.81 | |||
| Cash Flow/Oper: | -$3.04 | -$3.98 | $0.01 | Equity: | $18.00 |
| Cash Flow/Fin: | $18.39 | $17.46 | $0.00 | Cash: | $1.06 |
| Cash Flow/Inv: | -$13.99 | -$13.77 | $0.00 | Working Cap: | $7.33 |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay certain seller notes payable to fomer stockholders of the partner companies, to repay debt under the credit facility, to redeem all Series A preferred and Series C preferred and for working capital. |