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| Tanning Technology Corporation |
| 4600 South Ulster Street, Suite 380, Denver, CO 80237 * (303) 220-9944 |
| Business Description | The company is a leading information technology services provider that architects, builds and deploys enterprise solutions for companies throughout the world. The company specializes in large, complex, integrated solutions that incorporate online transaction processing and very large databases. |
| Offering Information Company has | |||
| Trading As | TANN (NASNTL) | Industry | High-Tech (SIC 7379) |
| Type of Stock Offered | Common Shares | Filing Date | 05/19/1999 |
| Domestic Shares Offered | 4,000,000 | Offer Date | 07/22/1999 |
| Foreign Shares Offered | 0 | Filing Range | $12.00 - $14.00 |
| Company Shares | 4,000,000 | Offer Price | $15.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | - - |
| Gross Proceeds | $60,000,000 | Selling | - - |
| Expenses | - - | Reallowance | - - |
| Post-IPO Shares | - - | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| CS First Boston | Lead Manager | (212) 325-2000 |
| Adams, Harkness & Hill | Co-manager | (617) 371-3705 |
| CIBC World Markets | Co-manager | (212) 667-7400 |
| ING Baring Furman Selz | Co-manager | (212) 309-8200 |
| Salomon Smith Barney | Co-manager | (212) 723-7300 |
| 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 | 12/31/1995 | 12/31/1996 | 12/31/1997 | 12/31/1998 | 03/31/1998 | 03/31/1999 | |
| Revenues | - | 4.815 | 12.809 | 26.107 | 33.289 | 5.183 | 11.305 |
| Income from Oper. | - | -0.954 | 2.852 | -0.269 | 3.384 | -0.846 | 1.134 |
| Net Income | - | -0.954 | 2.823 | 0.073 | 2.303 | -0.471 | 0.819 |
| E.P.S | - | - | - | 0.010 | 0.150 | -0.030 | 0.050 |
| Revenue Growth (%) | - | 166.02 | 103.82 | 27.510 | 118.12 | ||
| Net Income Growth (%) | - | - | -97.41 | 3,054.79 | - | ||
| Oper. Profit Margin (%) | - | - | 22.27 | - | 10.17 | 10.03 | - |
| Net Profit Margin (%) | - | - | 22.04 | 0.28 | 6.92 | 7.24 | - |
| Cash Flow - Oper. | 2.85 | -1.62 | -3.68 | ||||
| Cash Flow - Inv. | -1.65 | -0.44 | -0.55 | ||||
| Cash Flow - Fin. | 1.48 | 0.65 | 1.03 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 03/31/1999 | Financial Ratios | ||||
| Total Assets | 25.12 | Current Assets | 21.54 | Current Ratio | 3.62 |
| Total Liab. | 6.52 | Current Liab. | 5.95 | Debt Ratio | 25.97% |
| Total Equity | 18.60 | Working Cap. | 15.59 | Debt to Equity Ratio | 0.35 |
| Cash | 7.18 | Return on Assets | 3.26% | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for general corporate purposes including capital expenditures and working capital. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Fried, Frank, Harris, Shriver & Jacobson |
| Bank's Law Firm | Cravath, Swaine & Moore |
| Auditor | Ernst & Young |
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