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| PurchasePro.com, Inc. |
| 3291 N. Buffalo Drive, Las Vegas, NV 89129 * (702) 316-7000 |
| Business Description | The company is a leading provider of Internet business-to-business electronic commerce services. Our e-commerce solution is comprised of public and private communities that we call "e-marketplace" where businesses can buy and sell a wide range of products and services over the Internet in an efficient, competitive and cost effective manner. |
| Offering Information Company has | |||
| Trading As | PPRO (NASNTL) | Industry | Internet (SIC 7389) |
| Type of Stock Offered | Common Shares | Filing Date | 6/8/99 |
| Domestic Shares Offered | 4,000,000 | Offer Date | 9/13/99 |
| Foreign Shares Offered | 0 | Filing Range | $11.00 - $13.00 |
| Company Shares | 4,000,000 | Offer Price | $12.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $0.840 |
| Gross Proceeds | $48,000,000 | Selling | $0.480 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 18,010,000 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Prudential Securities Incorporated | Lead Manager | (212) 778-5420 |
| Jefferies & Company Incorporated | Co-manager | (212) 903-2342 |
| Volpe Brown Whelan & Company | Co-manager | (415) 274-4463 |
| 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 | 12/31/96 | 12/31/97 | 12/31/98 | 3/31/98 | 3/31/99 | ||
| Revenues | - | - | 0.000 | 0.675 | 1.670 | 0.236 | 0.674 |
| Income from Oper. | - | - | -0.119 | -2.865 | -6.483 | -1.179 | -1.629 |
| Net Income | - | - | -0.123 | -2.985 | -6.800 | -1.258 | -1.747 |
| E.P.S | - | - | -0.020 | -0.390 | -0.830 | -0.130 | -0.250 |
| Revenue Growth (%) | - | - | - | 147.300 | 185.10 | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -6.02 | -1.39 | -1.69 | ||||
| Cash Flow - Inv. | -0.36 | -0.03 | -0.22 | ||||
| Cash Flow - Fin. | 8.07 | 1.44 | 0.70 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 3/31/99 | Financial Ratios | ||||
| Total Assets | 2.22 | Current Assets | 1.26 | Current Ratio | 0.70 |
| Total Liab. | 10.00 | Current Liab. | 1.79 | Debt Ratio | 450.45% |
| Total Equity | -7.78 | Working Cap. | -0.53 | Debt to Equity Ratio | - |
| Cash | 0.48 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to expand our sales and marketing activities and for working capital and other general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Pillsbury Madison & Sutro |
| Bank's Law Firm | Orrick, Herrington & Sutcliffe |
| Auditor | Arthur Andersen |
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