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Rampart Capital Corporation
700 Louisiana, Suite 2550, Houston, TX 77002 * (713) 223-4610
Business Description The company is a specialty financial services company that acquires undervalued financial services, primarily commercial debt portfolios and real estate at substantial discounts.
Offering
Information

Company has
gone public

Trading As  RAC (AMEX) Industry  Financial (SIC 6159)
Type of Stock Offered  Common Shares Filing Date  01/26/1999
Domestic Shares Offered  800,000 Offer Date  09/20/1999
Foreign Shares Offered  0 Filing Price  $9.50
Company Shares  800,000 Offer Price  $9.50
Selling Shrhldrs Shares  0 Gross Spread  $0.926
Gross Proceeds  $7,600,000 Selling  $0.475
Expenses  - - Reallowance  $0.050
Post-IPO Shares  3,750,000 Employees  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Redstone Securities, Inc. Lead Manager (800) 426-7346
Income
Statement
and
Cash Flow
Summary
  Prior
Audited
Income
Latest
Unaudited
Income
  Full Year Audited Figures 10 Months Ending
Figures in U.S. millions except per share data       12/31/1996 12/31/1997 10/31/1997 10/31/1998
Revenues   - - - 3.194 2.935 2.052 6.162
Income from Oper.   - - - - - - -
Net Income   - - - -0.061 0.433 0.316 1.751
E.P.S   - - - -0.030 0.190 0.140 0.780
Revenue Growth (%)      - - - -8.108   200.29
Net Income Growth (%)      - - - -   455.12
Oper. Profit Margin (%)    - - - - - - -
Net Profit Margin (%)    - - - - 14.77 28.42 15.38
Cash Flow - Oper.     0.02 -0.23 3.10
Cash Flow - Inv.     -0.88 -0.88 -0.16
Cash Flow - Fin.     0.83 1.13 -2.60
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 10/31/1998 Financial Ratios
Total Assets    7.48 Current Assets    - Current Ratio    -
Total Liab.    5.23 Current Liab.    - Debt Ratio    69.93%
Total Equity    2.25 Working Cap.    - Debt to Equity Ratio    2.33
Cash    0.36    Return on Assets   23.41%
Use Of
Proceeds
The proceeds from the proposed offering will be used to purchase discounted asset portfolios, working capital and other general corporate purposes.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Maurice J. Bates, L.L.C.
Bank's Law Firm  Wolin, Ridley & Miller LLP
Registrar/Transfer Agent  American Stock Transfer & Trust Co
Auditor  Pannell Kerr Foster PC
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Warrant
Information
# of Units  400,000
Unit Ticker  - - Unit Price  $19.00
Warrant Ticker  Z Warrant Price  - -
Warrant Exercise Date  - - Warrant Exercise Price  - -
Warrant Expiration Date  - -
Warrant Detachable  Yes Warrant Detach Date  - -
Warrant Callable  No
Unit Composition 2 Common Shares + 1 Warrant
Warrant Entitlement 1 Common Share

Last updated: 09/29/1999 3:52:17 AM
© 1999 IPO Data Systems, Inc. - All rights reserved.