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| Netsolve, Incorporated |
| 12331 Riata Trace Parkway, Austin, TX 78727 * (512) 340-3000 |
| Business Description | The company offers a range of remote network management and security services that allow companies to selectively outsource, or "out-task," activities related to the design, implementation and management of their wide area networks and local area networks. |
| Offering Information Company has | |||
| Trading As | NTSL (NASNTL) | Industry | Telecommunications (SIC 4813) |
| Type of Stock Offered | Common Shares | Filing Date | 10/15/98 |
| Domestic Shares Offered | 3,700,000 | Offer Date | 9/28/99 |
| Foreign Shares Offered | 0 | Filing Range | $11.00 - $13.00 |
| Company Shares | 3,530,000 | Offer Price | $13.00 |
| Selling Shrhldrs Shares | 170,000 | Gross Spread | $0.910 |
| Gross Proceeds | $48,100,000 | Selling | $0.550 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 13,378,500 | Employees | 116 |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| BancBoston Robertson Stephens | Lead Manager | (415) 989-8500 |
| Thomas Weisel Partners LLC | Co-manager | (415) 364-2500 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 6 Months Ending | ||||||
| Figures in U.S. millions except per share data | 3/31/96 | 3/31/97 | 3/31/98 | 9/30/97 | 9/30/98 | ||
| Revenues | - | - | 3.670 | 6.316 | 14.523 | 6.683 | 11.985 |
| Income from Oper. | - | - | -2.093 | -3.753 | -3.154 | -1.993 | -0.167 |
| Net Income | - | - | 0.456 | 10.295 | -2.226 | -1.411 | -0.096 |
| E.P.S | - | - | - | - | -0.290 | - | -0.010 |
| Revenue Growth (%) | - | - | 72.10 | 129.940 | 79.34 | ||
| Net Income Growth (%) | - | - | 2,157.68 | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | 12.43 | 163.00 | - | - | - |
| Cash Flow - Oper. | -2.90 | -2.72 | -0.43 | ||||
| Cash Flow - Inv. | -5.38 | -4.35 | -1.05 | ||||
| Cash Flow - Fin. | 1.49 | 0.74 | 0.26 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 9/30/98 | Financial Ratios | ||||
| Total Assets | 14.01 | Current Assets | 8.89 | Current Ratio | 2.08 |
| Total Liab. | 5.50 | Current Liab. | 4.28 | Debt Ratio | 39.26% |
| Total Equity | 8.51 | Working Cap. | 4.62 | Debt to Equity Ratio | 0.65 |
| Cash | 0.12 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for general corporate purposes, including working capital and acquisitions. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Worsham, Forsythe & Woolridge, L.L.P. |
| Bank's Law Firm | Foley Hoag & Eliot |
| Registrar/Transfer Agent | ChaseMellon Shareholder Services, L.L.C. |
| Auditor | Ernst & Young |
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