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| CRL Network Services, Inc. |
| One Kearney Street, Suite 1450, San Francisco, CA 94108 * (415) 837-5300 |
| Business Description | The company is a Tier 1 Internet service provider focused on offering tailored Internet and network management solutions to small and medium-sized businesses. |
|
Filing Information IPO has been | |||
| To Trade As | CRLX (NASNTL) | Industry | Telecommunications (SIC 4813) |
| Type of Stock Offered | Common Shares | Filing Date | 03/22/1999 |
| Domestic Shares Filed | 5,000,000 | Filing Range | $9.00 - $10.00 |
| Foreign Shares Filed | 0 | Offering Amount | $47,500,000 |
| Company Shares | 5,000,000 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| CIBC World Markets | Lead Manager | (212) 667-7400 |
| Lehman Brothers Incorporated | Co-manager | (212) 526-8100 |
| 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 | 12/31/1994 | 12/31/1995 | 12/31/1996 | 12/31/1997 | 12/31/1998 | ||
| Revenues | 1.961 | 3.831 | 6.353 | 10.375 | 11.692 | - | - |
| Income from Oper. | 0.406 | 0.647 | 0.310 | 1.471 | -0.034 | - | - |
| Net Income | 0.248 | 0.437 | 0.161 | 0.885 | -0.151 | - | - |
| E.P.S | 0.010 | 0.020 | 0.010 | 0.050 | -0.010 | - | - |
| Revenue Growth (%) | 95.36 | 65.83 | 63.31 | 12.694 | - | ||
| Net Income Growth (%) | 76.21 | -63.16 | 449.69 | - | - | ||
| Oper. Profit Margin (%) | 20.70 | 16.89 | 4.88 | 14.18 | - | - | - |
| Net Profit Margin (%) | 12.65 | 11.41 | 2.53 | 8.53 | - | - | - |
| Cash Flow - Oper. | 0.71 | - | - | ||||
| Cash Flow - Inv. | -1.53 | - | - | ||||
| Cash Flow - Fin. | 0.55 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 12/31/1998 | Financial Ratios | ||||
| Total Assets | 4.86 | Current Assets | 2.37 | Current Ratio | 1.22 |
| Total Liab. | 3.10 | Current Liab. | 1.94 | Debt Ratio | 63.75% |
| Total Equity | 1.76 | Working Cap. | 0.43 | Debt to Equity Ratio | 1.76 |
| Cash | 0.84 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to repay certain indebtedness, for working capital and other general corporate purposes, including expansion of sales and marketing activities.. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Gibson, Dunn & Crutcher |
| Bank's Law Firm | Brobeck, Phleger & Harrison |
| Auditor | Deloitte & Touche |
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