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| Streamline.com. |
| 27 Dartmouth Street, Westwood, MA 02090 * (781) 407-1900 |
| Business Description | We simplify the lives of busy suburban families by providing them with Internet-based ordering of a wide range of quality goods and services and delivering these items directly to their homes. By eliminating frequent trips to multiple physical stores, we significantly shorten and simplify the traditional shopping needs of our customers, who increasingly demand time-saving lifestyle solutions. We deliver our products and services to each customer through a single weekly delivery. |
| Offering Information Company has | |||
| Trading As | SLNE (NASNTL) | Industry | Service (SIC 7389) |
| Type of Stock Offered | Common Shares | Filing Date | 04/15/1999 |
| Domestic Shares Offered | 4,500,000 | Offer Date | 06/17/1999 |
| Foreign Shares Offered | 0 | Filing Range | $11.00 - $13.00 |
| Company Shares | 4,500,000 | Offer Price | $10.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $0.700 |
| Gross Proceeds | $45,000,000 | Selling | $0.400 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 18,273,881 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Banc of America Securities LLC | Lead Manager | (415) 627-2100 |
| Dain Rauscher Wessels | Co-manager | (612) 371-2818 |
| E*Trade Securities | Co-manager | (650) 842-8600 |
| PaineWebber Incorporated | Co-manager | (212) 713-2626 |
| 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 | - | - | 0.922 | 2.634 | 6.946 | - | - |
| Income from Oper. | - | - | - | - | - | - | - |
| Net Income | - | - | -1.846 | -8.315 | -11.373 | - | - |
| E.P.S | - | - | - | - | - | - | - |
| Revenue Growth (%) | - | - | 185.68 | 163.705 | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -9.44 | - | - | ||||
| Cash Flow - Inv. | -2.07 | - | - | ||||
| Cash Flow - Fin. | 22.65 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 12/31/1998 | Financial Ratios | ||||
| Total Assets | 20.07 | Current Assets | 13.15 | Current Ratio | 12.04 |
| Total Liab. | 1.47 | Current Liab. | 1.09 | Debt Ratio | 7.34% |
| Total Equity | 18.59 | Working Cap. | 12.06 | Debt to Equity Ratio | 0.08 |
| Cash | 12.59 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for expansion and general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Bingham, Dana & Gould |
| Bank's Law Firm | Ropes & Gray |
| Registrar/Transfer Agent | BankBoston |
| Auditor | Pricewaterhouse Coopers LLC |
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| Industry Competition |
Both the retail industry and the consumer direct industry are highly competitive. Streamline currently or potentially competes with several types of companies, including: - traditional retail stores, including grocery stores, warehouse clubs, drugstores and convenience stores, some of which fulfill orders received by telephone, fax or the Internet - various suppliers of other goods and services, both chains and independently owned operations, such as dry cleaners, video rental stores, prepared meal providers, bottled water delivery operations, pet supply stores and photo labs - various on-line providers of groceries and other products and services, such as Peapod, Inc., Hannaford Bros. Cos.' HomeRuns, ShopLink Incorporated, HomeGrocer.com, Inc., Beacon Home Direct, Inc. d/b/a Scotty's Home Market, Net Grocer Inc. and Intelligent Systems for Retail, Inc. d/b/a WebVan - other consumer direct or catalog retailers of products or services. Streamline believes that the main competitive factors in our market are: - range, quality and availability of products and services - convenience, reliability and professionalism of delivery - ease of ordering - level and accessibility of information regarding products - quality and responsiveness of customer service - price- general brand awareness. |