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| Hoover's Inc. |
| 1033 La Posada Drive #250, Austin, TX 78752 * (512) 374-4500 |
| Business Description | Hoover's is a leading Internet provider of company and industry information designed to meet the diverse needs of business organizations, businesspeople and investment professionals worldwide. Our Web site is Hoover's Online located at WWW.HOOVERS.COM. We have been a pioneer in providing high-quality, proprietary business information on the Internet to the mission-oriented businessperson. |
| Offering Information Company has | |||
| Trading As | HOOV (NASNTL) | Industry | Internet (SIC 7375) |
| Type of Stock Offered | Common Shares | Filing Date | 05/07/1999 |
| Domestic Shares Offered | 3,250,000 | Offer Date | 07/20/1999 |
| Foreign Shares Offered | 0 | Filing Range | $12.00 - $14.00 |
| Company Shares | 3,250,000 | Offer Price | $14.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $0.980 |
| Gross Proceeds | $45,500,000 | Selling | $0.590 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 11,422,587 | Employees | 162 |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| J.P. Morgan & Co. | Lead Manager | (212) 648-0517 |
| Lehman Brothers Incorporated | Co-manager | (212) 526-8100 |
| Volpe Brown Whelan & Company | Co-manager | (415) 274-4463 |
| Wit Capital Corporation | Co-manager | (212) 253-4400 |
| 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 | 03/31/1997 | 03/31/1998 | 03/31/1999 | ||||
| Revenues | - | - | 3.959 | 5.469 | 9.361 | - | - |
| Income from Oper. | - | - | -0.872 | -1.870 | -2.375 | - | - |
| Net Income | - | - | -0.944 | -1.787 | -2.254 | - | - |
| E.P.S | - | - | -0.190 | -0.280 | -0.310 | - | - |
| Revenue Growth (%) | - | - | 38.14 | 71.165 | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | 0.00 | - | - | ||||
| Cash Flow - Inv. | -0.79 | - | - | ||||
| Cash Flow - Fin. | 4.75 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 03/31/1999 | Financial Ratios | ||||
| Total Assets | 10.08 | Current Assets | 8.85 | Current Ratio | 2.81 |
| Total Liab. | 3.32 | Current Liab. | 3.15 | Debt Ratio | 32.91% |
| Total Equity | 6.76 | Working Cap. | 5.70 | Debt to Equity Ratio | 0.49 |
| Cash | 7.81 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to fund increased marketing, for further development of Hoover's Online, for potential acquisitions, and for other general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Brobeck, Phleger & Harrison |
| Bank's Law Firm | Davis, Polk & Wardwell |
| Auditor | Ernst & Young |
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| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| Warner Books, Inc. | 35.80 | |
| Media General, Inc. | 31.30 | |
| Patrick J. Spain | 5.90 | |
| Note: represents ownership of 5% or more prior to the offering. | ||