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| USA.Net, Inc. |
| 1155 Kelly Johnson Boulevard, Suite 400, Colorado Springs, CO 80920 * (719) 265-2930 |
| Business Description | The company is a leading provider of email and advanced messaging solutions on the Internet for consumers, Web portals and businesses. As of March 31, 1999, the company managed over 9.6 million mailboxes across all of their service offerings and processed over 190 million messages during the month of March 1999. |
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Filing Information IPO has been | |||
| To Trade As | MBOX (NASNTL) | Industry | Telecommunications (SIC 4822) |
| Type of Stock Offered | Common Shares | Filing Date | 04/05/1999 |
| Domestic Shares Filed | 6,000,000 | Filing Range | $10.00 - $12.00 |
| Foreign Shares Filed | 0 | Offering Amount | $66,000,000 |
| Company Shares | 6,000,000 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Bear, Stearns & Co. Inc. | Lead Manager | (212) 272-4850 |
| CIBC World Markets | Co-manager | (212) 667-7400 |
| Volpe Brown Whelan & Company | Co-manager | (415) 274-4463 |
| 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 | - | - | 0.034 | 0.782 | 4.703 | - | - |
| Income from Oper. | - | - | -2.075 | -5.799 | -19.519 | - | - |
| Net Income | - | - | -2.075 | -5.674 | -19.228 | - | - |
| E.P.S | - | - | -6.900 | -10.680 | -35.750 | - | - |
| Revenue Growth (%) | - | - | 2,200.00 | 501.407 | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -17.98 | - | - | ||||
| Cash Flow - Inv. | -10.21 | - | - | ||||
| Cash Flow - Fin. | 32.59 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 12/31/1998 | Financial Ratios | ||||
| Total Assets | 27.72 | Current Assets | 13.72 | Current Ratio | 2.07 |
| Total Liab. | 11.18 | Current Liab. | 6.65 | Debt Ratio | 40.34% |
| Total Equity | 16.54 | Working Cap. | 7.08 | Debt to Equity Ratio | 0.68 |
| Cash | 6.56 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to expand sales and marketing efforts, hire additional personnel, fund capital expenditures and product development, repay certain indebtedness, fund working capital and for general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Cooley Godward Castro Huddleson & Tatum |
| Bank's Law Firm | Morrison & Foerster |
| Registrar/Transfer Agent | Norwest Bank of Minnesota |
| Auditor | Arthur Andersen |
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