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| AverStar, Inc. |
| 23 Fourth Avenue, Burlington, MA 01803 * (781) 221-6990 |
| Business Description | The company is a pioneer in providing information technology, or IT, services and software products for the mission-critical systems of a significant number of civilian and defense agencies of the United States government. |
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Filing Information IPO has been | |||
| To Trade As | ASTR (NASNTL) | Industry | Service (SIC 8711) |
| Type of Stock Offered | Common Shares | Filing Date | 05/14/1999 |
| Domestic Shares Filed | 4,000,000 | Filing Range | $7.00 - $9.00 |
| Foreign Shares Filed | 0 | Offering Amount | $32,000,000 |
| Company Shares | 4,000,000 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Bear, Stearns & Co. Inc. | Lead Manager | (212) 272-4850 |
| Legg Mason Wood Walker, Inc. | Co-manager | (410) 539-4038 |
| 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 | 02/28/1995 | 02/29/1996 | 02/28/1997 | 12/31/1998 | |||
| Revenues | - | 50.623 | 53.234 | 53.274 | 121.056 | - | - |
| Income from Oper. | - | 2.358 | -8.024 | 1.326 | 6.871 | - | - |
| Net Income | - | 1.713 | -8.450 | 0.027 | -2.688 | - | - |
| E.P.S | - | - | - | 0.010 | 0.380 | - | - |
| Revenue Growth (%) | - | 5.16 | 0.08 | 127.233 | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | 4.66 | - | 2.49 | 5.68 | - | - |
| Net Profit Margin (%) | - | 3.38 | - | 0.05 | - | - | - |
| Cash Flow - Oper. | -7.65 | - | - | ||||
| Cash Flow - Inv. | -8.00 | - | - | ||||
| Cash Flow - Fin. | 12.00 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 12/31/1998 | Financial Ratios | ||||
| Total Assets | 59.66 | Current Assets | 38.01 | Current Ratio | 1.32 |
| Total Liab. | 63.08 | Current Liab. | 28.76 | Debt Ratio | 105.72% |
| Total Equity | -3.41 | Working Cap. | 9.26 | Debt to Equity Ratio | - |
| Cash | 0.33 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to repay indebtedness. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Swidler & Berlin, Chartered |
| Bank's Law Firm | O'Sullivan Graev & Karaball, L.LP |
| Registrar/Transfer Agent | ChaseMellon Shareholder Services, L.L.C. |
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