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| Musicmaker.com, Inc. |
| 1831 Wiehle Avenue, Suite 128, Reston, VA 20190 * (703) 940-4110 |
| Business Description | Musicmaker.com is a leading e-commerce provider of customized music CD compilations over the Internet. Our customers can search our extensive online music library and sample and select songs to make their own customized compilation CDs. Our music library currently contains over 150,000 licensed song titles. |
| Offering Information Company has | |||
| Trading As | HITS (NASNTL) | Industry | Internet (SIC 5961) |
| Type of Stock Offered | Common Shares | Filing Date | 02/19/1999 |
| Domestic Shares Offered | 8,400,000 | Offer Date | 07/06/1999 |
| Foreign Shares Offered | 0 | Filing Range | $12.00 - $14.00 |
| Company Shares | 5,000,000 | Offer Price | $14.00 |
| Selling Shrhldrs Shares | 3,400,000 | Gross Spread | $0.980 |
| Gross Proceeds | $117,600,000 | Selling | $0.580 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 29,944,800 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Ferris, Baker, Watts Inc. | Lead Manager | (202) 429-3608 |
| C.E. Unterberg, Towbin | Co-manager | (212) 572-8060 |
| Fahnestock & Co. Inc. | Co-manager | (212) 668-8163 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | - - Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/1996 | 12/31/1997 | 12/31/1998 | ||||
| Revenues | - | - | 0.008 | 0.013 | 0.074 | - | - |
| Income from Oper. | - | - | -0.365 | -2.050 | -4.673 | - | - |
| Net Income | - | - | -0.367 | -2.084 | -4.655 | - | - |
| E.P.S | - | - | - | - | -1.730 | - | - |
| Revenue Growth (%) | - | - | 60.77 | 451.132 | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -3.52 | - | - | ||||
| Cash Flow - Inv. | -0.22 | - | - | ||||
| Cash Flow - Fin. | 3.31 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 12/31/1998 | Financial Ratios | ||||
| Total Assets | 3.23 | Current Assets | 1.10 | Current Ratio | 0.79 |
| Total Liab. | 2.11 | Current Liab. | 1.39 | Debt Ratio | 65.30% |
| Total Equity | 1.12 | Working Cap. | -0.29 | Debt to Equity Ratio | 1.88 |
| Cash | 0.97 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to pay advances to record labels in connection with acquiring additional music content, expand advertising, marketing and promotional efforts with existing and future strategic marketing partners, maintain and upgrade technological systems, fund working capital and general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Venable, Baetjer and Howard, LLP |
| Bank's Law Firm | Katten Muchin & Zavis |
| Auditor | Ernst & Young |
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