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| Convergent Communications, Inc. |
| 400 Inverness Drive South, Suite 400, Englewood, CO 80112 * (303) 749-3000 |
| Business Description | The company is a rapidly growing national provider of single-source data and voice communications systems, services and solutions primarily to businesses with 25 to 500 employees. |
| Offering Information Company has | |||
| Trading As | CONV (NASNTL) | Industry | Telecommunications (SIC 4813) |
| Type of Stock Offered | Common Shares | Filing Date | 05/14/1999 |
| Domestic Shares Offered | 8,400,000 | Offer Date | 07/19/1999 |
| Foreign Shares Offered | 0 | Filing Range | $11.00 - $13.00 |
| Company Shares | 6,738,264 | Offer Price | $15.00 |
| Selling Shrhldrs Shares | 1,661,736 | Gross Spread | $1.050 |
| Gross Proceeds | $126,000,000 | Selling | $0.630 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 24,519,824 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Goldman, Sachs & Co. | Lead Manager | (212) 902-5959 |
| J.P. Morgan & Co. | Co-manager | (212) 648-0517 |
| Warburg Dillon Read LLC | Co-manager | (203) 719-4290 |
| William Blair & Company | Co-manager | (312) 364-8990 |
| 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 | 12/31/1997 | 12/31/1998 | 03/31/1998 | 03/31/1999 | |||
| Revenues | - | - | - | 10.210 | 61.600 | 6.523 | 30.481 |
| Income from Oper. | - | - | - | -9.594 | -37.458 | -5.099 | -15.793 |
| Net Income | - | - | - | -9.655 | -50.576 | -5.111 | -20.687 |
| E.P.S | - | - | - | - | - | - | - |
| Revenue Growth (%) | - | - | - | 503.330 | 367.28 | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -28.70 | -2.44 | -13.52 | ||||
| Cash Flow - Inv. | -94.65 | 2.57 | -20.65 | ||||
| Cash Flow - Fin. | 148.27 | -0.38 | 18.96 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 03/31/1999 | Financial Ratios | ||||
| Total Assets | 199.33 | Current Assets | 79.85 | Current Ratio | 0.36 |
| Total Liab. | 240.56 | Current Liab. | 221.26 | Debt Ratio | 120.69% |
| Total Equity | -41.24 | Working Cap. | -141.41 | Debt to Equity Ratio | - |
| Cash | 10.39 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for general corporate purposes including working capital, capital expenditures, business acquisitions, repayment of certain debt and to fund continued operating losses. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Gibson, Dunn & Crutcher |
| Bank's Law Firm | Shearman & Sterling |
| Registrar/Transfer Agent | American Stock Transfer & Trust Co |
| Auditor | Pricewaterhouse Coopers LLC |
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