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| Ziplink, Inc. |
| 900 Chemsford Street, Tower One Fifth Floor, Lowell, MA 01851 * (978) 551-8100 |
| Business Description | The company is a national backbone provider offering wholesale Internet access services to two distinct target marjets, Internet appliances and local and regional Internet service provider. |
| Offering Information Company has | |||
| Trading As | ZIPL (NASNTL) | Industry | Telecommunications (SIC 4813) |
| Type of Stock Offered | Common Shares | Filing Date | 03/11/1999 |
| Domestic Shares Offered | 3,500,000 | Offer Date | 05/25/1999 |
| Foreign Shares Offered | 0 | Filing Range | $12.00 - $14.00 |
| Company Shares | 3,500,000 | Offer Price | $14.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $0.980 |
| Gross Proceeds | $49,000,000 | Selling | $0.580 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 12,716,964 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Jefferies & Company Incorporated | Lead Manager | (212) 903-2342 |
| FAC/Equities | Co-manager | (518) 447-8641 |
| 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 | 12/31/1995 | 12/31/1996 | 12/31/1997 | 12/31/1998 | |||
| Revenues | - | 0.000 | 0.756 | 5.236 | 7.088 | - | - |
| Income from Oper. | - | -0.026 | -8.783 | -5.543 | -6.994 | - | - |
| Net Income | - | -0.026 | -8.802 | -6.709 | -8.446 | - | - |
| E.P.S | - | - | - | - | - | - | - |
| Revenue Growth (%) | - | - | 592.59 | 35.371 | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -8.94 | - | - | ||||
| Cash Flow - Inv. | -1.32 | - | - | ||||
| Cash Flow - Fin. | 9.69 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 12/31/1998 | Financial Ratios | ||||
| Total Assets | 11.17 | Current Assets | 1.26 | Current Ratio | 0.29 |
| Total Liab. | 29.26 | Current Liab. | 4.32 | Debt Ratio | 261.88% |
| Total Equity | -18.09 | Working Cap. | -3.06 | Debt to Equity Ratio | - |
| Cash | 0.51 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to repay indebtedness, expand network infrastructure, increase sales and marketing and working capital and for general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Brenner, Saltzman & Wallman, LLP |
| Bank's Law Firm | Fulbright & Jaworski |
| Auditor | Arthur Andersen |
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