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| Nichols TXEN Corporation |
| 10 Inverness Center Parkway, Suite 500, Birmingham, AL 35242 * (205) 995-9898 |
| Business Description | The company is a leading provider of outsourcing solutions for information technology and administrative services in the managed care and physician practice management markets within the health care industry. |
|
Filing Information IPO has been | ||||
| To Trade As | NTXN (NASNTL) | Industry | Service (SIC 8741) | |
| Type of Stock Offered | Common Shares | Filing Date | 1/22/99 | |
| Domestic Shares Filed | 2,625,000 | Filing Range | $11.00 - $13.00 | |
| Foreign Shares Filed | 0 | Offering Amount | $31,500,000 | |
| Company Shares | 2,625,000 | Est. Expenses | - - | |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | 9,625,000 | |
| Being spun off from | Nichols Research Corporation | |||
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| CIBC World Markets | Lead Manager | (212) 667-7400 |
| Friedman, Billings, Ramsey & Co., Inc. | Co-manager | (703) 312-9571 |
| Robinson-Humphrey Company, Inc., The | Co-manager | (404) 266-6450 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 3 Months Ending | ||||||
| Figures in U.S. millions except per share data | 8/31/94 | 8/31/95 | 8/31/96 | 8/31/97 | 8/31/98 | 11/30/97 | 11/30/98 |
| Revenues | 8.357 | 9.382 | 10.370 | 12.438 | 43.480 | 8.958 | 12.236 |
| Income from Oper. | 0.332 | 0.112 | 0.343 | -8.222 | 5.539 | 1.209 | 1.445 |
| Net Income | 0.228 | 0.071 | 0.320 | -7.673 | 3.252 | 0.709 | 0.867 |
| E.P.S | - | - | - | - | 0.430 | 0.090 | 0.120 |
| Revenue Growth (%) | 12.27 | 10.53 | 19.94 | 249.574 | 36.59 | ||
| Net Income Growth (%) | -68.86 | 350.70 | - | - | 22.28 | ||
| Oper. Profit Margin (%) | 3.97 | 1.19 | 3.31 | - | 12.74 | 11.81 | 13.50 |
| Net Profit Margin (%) | 2.73 | 0.76 | 3.09 | - | 7.48 | 7.09 | 7.91 |
| Cash Flow - Oper. | 6.32 | 1.43 | 0.82 | ||||
| Cash Flow - Inv. | -4.75 | -1.28 | -1.77 | ||||
| Cash Flow - Fin. | - | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 11/30/98 | Financial Ratios | ||||
| Total Assets | 59.07 | Current Assets | 14.30 | Current Ratio | 1.74 |
| Total Liab. | 9.12 | Current Liab. | 8.22 | Debt Ratio | 15.44% |
| Total Equity | 49.95 | Working Cap. | 6.08 | Debt to Equity Ratio | 0.18 |
| Cash | 0.86 | Return on Assets | 1.47% | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for working capital, to fund possible acquisitions and other general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Lanier Ford Shaver & Payne, P.C. |
| Bank's Law Firm | Alston & Bird |
| Auditor | Ernst & Young |
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