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| Lowestfare.com, Inc. |
| 980 Kelly Johnson Drive, Las Vegas, NV 89119 * (702) 260-3600 |
| Business Description | The company is a leading full service provider of discount travel products and services to the leisure and small business traveler. |
|
Filing Information Not yet | |||
| To Trade As | FARE (NASNTL) | Industry | Internet (SIC 7389) |
| Type of Stock Offered | Common Shares | Filing Date | 03/16/1999 |
| Domestic Shares Filed | 7,500,000 | Filing Range | $11.00 - $13.00 |
| Foreign Shares Filed | 0 | Offering Amount | $90,000,000 |
| Company Shares | 7,500,000 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| BancBoston Robertson Stephens | Lead Manager | (415) 989-8500 |
| Bear, Stearns & Co. Inc. | Co-manager | (212) 272-4850 |
| 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 | - | 13.782 | 116.917 | 200.711 | 224.422 | - | - |
| Income from Oper. | - | - | - | - | - | - | - |
| Net Income | - | -1.054 | -1.069 | 8.004 | 9.056 | - | - |
| E.P.S | - | - | - | - | 0.320 | - | - |
| Revenue Growth (%) | - | 748.33 | 71.67 | 11.814 | - | ||
| Net Income Growth (%) | - | - | - | 13.14 | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | 3.99 | 4.04 | - | - |
| Cash Flow - Oper. | -1.06 | - | - | ||||
| Cash Flow - Inv. | -0.34 | - | - | ||||
| Cash Flow - Fin. | -0.10 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 12/31/1998 | Financial Ratios | ||||
| Total Assets | 47.83 | Current Assets | 43.99 | Current Ratio | 1.57 |
| Total Liab. | 28.13 | Current Liab. | 27.96 | Debt Ratio | 58.81% |
| Total Equity | 19.70 | Working Cap. | 16.03 | Debt to Equity Ratio | 1.43 |
| Cash | 11.43 | Return on Assets | 18.93% | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for expansion of sales and marketing capabilities, brand name promotion, investments in technology infrastructure and general corporate purposes including working capital. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Gordon Altman Butowsky Weitzen Shalov & Wein |
| Bank's Law Firm | Brobeck, Phleger & Harrison |
| Auditor | KPMG LLC |
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