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| Cavion Technologies, Inc. |
| 7475 Dakin Street, Suite 607, Denver, CO 80221 * (303) 657-8212 |
| Business Description | The company is an Internet service provider specializing in Internet-related products and services for the credit union industry. Our products and services, which utilize our proprietary software, include a secure credit union network, secure Internet financial products and secure Internet access. |
| Offering Information Company has | |||
| Trading As | CAVN (NASSCM) | Industry | Internet (SIC 7389) |
| Type of Stock Offered | Common Shares | Filing Date | 6/10/99 |
| Domestic Shares Offered | 1,200,000 | Offer Date | 10/29/99 |
| Foreign Shares Offered | 0 | Filing Range | $6.00 - $7.50 |
| Company Shares | 1,200,000 | Offer Price | $6.50 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $0.650 |
| Gross Proceeds | $7,800,000 | Selling | - - |
| Expenses | - - | Reallowance | - - |
| Post-IPO Shares | - - | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Neidiger/Tucker/Bruner Inc. | Lead Manager | (800) 525-3086 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 1 Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/97 | 12/31/98 | 1/31/99 | ||||
| Revenues | - | - | - | 0.024 | 0.215 | - | 0.038 |
| Income from Oper. | - | - | - | -1.064 | -1.125 | - | -0.271 |
| Net Income | - | - | - | -0.763 | -1.971 | - | -0.271 |
| E.P.S | - | - | - | -8.860 | -7.660 | - | -1.060 |
| Revenue Growth (%) | - | - | - | 780.156 | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -0.74 | - | -0.03 | ||||
| Cash Flow - Inv. | -0.07 | - | -0.04 | ||||
| Cash Flow - Fin. | 0.51 | - | 0.02 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 1/31/99 | Financial Ratios | ||||
| Total Assets | 0.43 | Current Assets | 0.06 | Current Ratio | 0.03 |
| Total Liab. | 3.80 | Current Liab. | 2.07 | Debt Ratio | 888.01% |
| Total Equity | -3.37 | Working Cap. | -2.01 | Debt to Equity Ratio | - |
| Cash | - | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to purchase equipment and infrastructure, to establish new points of presence, for sales and marketing activities, to pay certain debts and accounts payable, for working capital and possibly to pay for the put or call of shares ofour Clasd B common stock for general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Gorsuch Kirgis |
| Bank's Law Firm | Herbert, John. G, P.C. |
| Registrar/Transfer Agent | American Securities Transfer and Trust |
| Auditor | Arthur Andersen |
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