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| R-Tec Technologies, Inc. |
| 10 Washington Street, P.O. Box 905, Morristown, NJ 07963 * (973) 593-1000 |
| Business Description | The company was formed in October, 1998 for the purpose of commercially exploiting its proprietary technology for detecting gas leaks. |
|
Filing Information Not yet | |||
| To Trade As | RTET (OTC) | Industry | High-Tech (SIC 3822) |
| Type of Stock Offered | Common Shares | Filing Date | 2/16/99 |
| Domestic Shares Filed | 1,250,000 | Filing Price | $8.00 |
| Foreign Shares Filed | 0 | Offering Amount | $10,000,000 |
| Company Shares | 1,250,000 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Non Underwritten Offering | Lead Manager |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 2 Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/98 | ||||||
| Revenues | - | - | - | - | - | - | - |
| Income from Oper. | - | - | - | - | - | - | - |
| Net Income | - | - | - | - | - | - | -0.013 |
| E.P.S | - | - | - | - | - | - | - |
| Revenue Growth (%) | - | - | - | - | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | - | - | -0.01 | ||||
| Cash Flow - Inv. | - | - | 0.04 | ||||
| Cash Flow - Fin. | - | - | 0.05 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 12/31/98 | Financial Ratios | ||||
| Total Assets | 1.36 | Current Assets | 0.04 | Current Ratio | 0.03 |
| Total Liab. | 1.37 | Current Liab. | 1.37 | Debt Ratio | 100.99% |
| Total Equity | -0.01 | Working Cap. | -1.34 | Debt to Equity Ratio | - |
| Cash | 0.04 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to pay existing obligations to R-Tec's officers and directors, to pay for the patent assigned to the company, to fund the initial business operations and staffing to R-Tec, to conduct product research and development, to develop production and marketing plans, for working capital and for general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Sirota & Sirota LLP |
| Registrar/Transfer Agent | Bank of New York |
| Auditor | Jurewics and Duca |
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