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| National Information Consortium, Inc. |
| 12 Corporate Woods, 10975 Benson Street, Suite 390, Overland Park, KS 66210 * (877) 234-3468 |
| Business Description | National Information Consortium, Inc. (NIC) is the leading provider of Internet-based electronic government solutions that help governments reduce costs and provide a higher level of service to businesses and citizens. We form partnerships with governments and on their behalf design, build and operate Internet-based portals. These portals consist of Web sites and applications that we build, which allow businesses and citizens to complete transactions and obtain government information online. |
| Offering Information Company has | |||
| Trading As | EGOV (NASNTL) | Industry | Internet (SIC 7375) |
| Type of Stock Offered | Common Shares | Filing Date | 05/06/1999 |
| Domestic Shares Offered | 13,000,000 | Offer Date | 07/15/1999 |
| Foreign Shares Offered | 0 | Filing Range | $9.00 - $11.00 |
| Company Shares | 10,000,000 | Offer Price | $12.00 |
| Selling Shrhldrs Shares | 3,000,000 | Gross Spread | $0.840 |
| Gross Proceeds | $156,000,000 | Selling | $0.500 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 52,481,996 | Employees | 102 |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Hambrecht & Quist Incorporated | Lead Manager | (415) 439-3626 |
| FAC/Equities | Co-manager | (518) 447-8641 |
| Thomas Weisel Partners LLC | Co-manager | (415) 364-2500 |
| Volpe, Welty & Company | Co-manager | (415) 274-4463 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 3 Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/1996 | 12/31/1997 | 12/31/1998 | 03/31/1998 | 03/31/1999 | ||
| Revenues | - | - | 0.236 | 0.997 | 28.623 | 0.361 | 11.455 |
| Income from Oper. | - | - | 0.008 | -0.276 | -6.927 | -0.123 | -1.869 |
| Net Income | - | - | 0.008 | -2.760 | -7.678 | -0.124 | -1.901 |
| E.P.S | - | - | 0.010 | -0.060 | -0.960 | -0.030 | -0.210 |
| Revenue Growth (%) | - | - | 322.32 | 2,772.209 | 3,073.13 | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | 3.30 | - | - | - | - |
| Net Profit Margin (%) | - | - | 3.30 | - | - | - | - |
| Cash Flow - Oper. | 0.35 | -0.22 | -0.37 | ||||
| Cash Flow - Inv. | 0.61 | -0.05 | -0.01 | ||||
| Cash Flow - Fin. | 0.17 | 0.15 | 0.18 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 03/31/1999 | Financial Ratios | ||||
| Total Assets | 16.63 | Current Assets | 5.17 | Current Ratio | 0.83 |
| Total Liab. | 6.94 | Current Liab. | 6.24 | Debt Ratio | 41.73% |
| Total Equity | 9.69 | Working Cap. | -1.08 | Debt to Equity Ratio | 0.72 |
| Cash | 1.12 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for increased marketing efforts, creation of new products and services, further development of infrastructure, working capital, general corporate purposes and potential acquisitions. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Morrison & Foerster |
| Bank's Law Firm | Brobeck, Phleger & Harrison |
| Registrar/Transfer Agent | EquiServe |
| Auditor | Pricewaterhouse Coopers LLC |
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