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Streamedia Communications, Inc.
9 East 45th Street, New York, NY 10017 * (212) 883-0299
Business Description The company was formed on April 29, 1998 and is a developmental stage company.
Offering
Information

Company has
gone public

Trading As  SMIL (NASSCM) Industry  High-Tech (SIC 7375)
Type of Stock Offered  Common Shares Filing Date  5/19/99
Domestic Shares Offered  1,200,000 Offer Date  12/20/99
Foreign Shares Offered  0 Filing Price  $8.50
Company Shares  1,200,000 Offer Price  $8.50
Selling Shrhldrs Shares  0 Gross Spread  $0.850
Gross Proceeds  $10,200,000 Selling  $0.425
Expenses  - - Reallowance  $0.100
Post-IPO Shares  4,025,000 Employees  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Redstone Securities, Inc. Lead Manager (800) 426-7346
Income
Statement
and
Cash Flow
Summary
  Prior
Audited
Income
Latest
Unaudited
Income
  Full Year Audited Figures 8 Months Ending
Figures in U.S. millions except per share data             12/31/98
Revenues   - - - - - - 0.000
Income from Oper.   - - - - - - 0.000
Net Income   - - - - - - -0.297
E.P.S   - - - - - - -0.100
Revenue Growth (%)      - - - -   -
Net Income Growth (%)      - - - -   -
Oper. Profit Margin (%)    - - - - - - -
Net Profit Margin (%)    - - - - - - -
Cash Flow - Oper.     - - 0.00
Cash Flow - Inv.     - - 0.00
Cash Flow - Fin.     - - 0.01
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 12/31/98 Financial Ratios
Total Assets    0.08 Current Assets    - Current Ratio    -
Total Liab.    0.14 Current Liab.    0.14 Debt Ratio    179.12%
Total Equity    -0.06 Working Cap.    - Debt to Equity Ratio    -
Cash    0.00    Return on Assets   -
Use Of
Proceeds
The proceeds from the proposed offering will be used for strategic acquisitions, working capital and other general corporate purposes.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Kogan & Taubman, L.L.C.
Bank's Law Firm  Winstead Sechrest & Minick
Registrar/Transfer Agent  American Stock Transfer & Trust Co
Auditor  Grant Thornton
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Warrant
Information
# of Units  1,000,000
Unit Ticker  - - Unit Price  $8.50
Warrant Ticker  Z Warrant Price  - -
Warrant Exercise Date  - - Warrant Exercise Price  $12.75
Warrant Expiration Date  - -
Warrant Detachable  Yes Warrant Detach Date  - -
Warrant Callable  No
Unit Composition 1 Common Share + 1 warrant
Warrant Entitlement 1 Common Share

Last updated: 1/2/00 4:50:06 PM
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