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| BigStar Entertainment, Inc. |
| 19 Fulton Street, 5th Floor, New York, NY 10038 * (212) 981-6300 |
| Business Description | We are a leading online filmed entertainment superstore that sells video cassettes, digital video discs, or DVDs, and laserdiscs. Through our web sites, customers have the convenience of shopping 24 hours a day, seven days a week. According to Media Metrix, we had 707,000 unique visitors to our web sites in March 1999, up from 67,000 in September 1998. We were formed in March 1998. |
| Offering Information Company has | |||
| Trading As | BGST (NASNTL) | Industry | Retail (SIC 5735) |
| Type of Stock Offered | Common Shares | Filing Date | 05/06/1999 |
| Domestic Shares Offered | 2,500,000 | Offer Date | 08/02/1999 |
| Foreign Shares Offered | 0 | Filing Price | $10.00 |
| Company Shares | 2,500,000 | Offer Price | $10.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $0.700 |
| Gross Proceeds | $25,000,000 | Selling | $0.400 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 8,542,300 | Employees | 50 |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Prudential Securities Incorporated | Lead Manager | (212) 778-5420 |
| First Security Van Kasper | Co-manager | (415) 954-0650 |
| Wasserstein Perella Securities | Co-manager | (212) 969-2611 |
| 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 | 12/31/1998 | ||||||
| Revenues | - | - | - | - | 0.789 | - | - |
| Income from Oper. | - | - | - | - | -3.249 | - | - |
| Net Income | - | - | - | - | -3.242 | - | - |
| E.P.S | - | - | - | - | -0.600 | - | - |
| Revenue Growth (%) | - | - | - | - | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -1.27 | - | - | ||||
| Cash Flow - Inv. | -0.47 | - | - | ||||
| Cash Flow - Fin. | 2.56 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 12/31/1998 | Financial Ratios | ||||
| Total Assets | 1.34 | Current Assets | 0.89 | Current Ratio | 0.49 |
| Total Liab. | 1.83 | Current Liab. | 1.82 | Debt Ratio | 136.96% |
| Total Equity | -0.49 | Working Cap. | -0.94 | Debt to Equity Ratio | - |
| Cash | 0.82 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to increase our marketing, advertising and promotion; to expand our facilities; to hire additional marketing, technical and production personnel; to upgrade computer systems and for additional software development; and to fund working capital needs and losses. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Orrick, Herrington & Sutcliffe |
| Bank's Law Firm | Schulte, Roth & Zabel |
| Registrar/Transfer Agent | Continental Stock Transfer & Trust Co |
| Auditor | Arthur Andersen |
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