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| Webstakes.com, Inc. |
| 11 West 19th Street, 10th Floor, New York, NY 10010 * (212) 481-3600 |
| Business Description | The company is a leading online sweepstakes promotion company. We integrate sweepstakes, contests and similar promotional events with direct marketing tools and a proprietary membership database of more than 1.3 million consumers. |
| Offering Information Company has | |||
| Trading As | IWIN (NASNTL) | Industry | Internet (SIC 7311) |
| Type of Stock Offered | Common Shares | Filing Date | 6/14/99 |
| Domestic Shares Offered | 3,575,000 | Offer Date | 9/24/99 |
| Foreign Shares Offered | 0 | Filing Range | $13.00 - $15.00 |
| Company Shares | 3,575,000 | Offer Price | $14.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | - - |
| Gross Proceeds | $50,050,000 | Selling | - - |
| Expenses | - - | Reallowance | - - |
| Post-IPO Shares | - - | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Bear, Stearns & Co. Inc. | Lead Manager | (212) 272-4850 |
| ING Baring Furman Selz | Co-manager | (212) 309-8200 |
| Thomas Weisel Partners LLC | Co-manager | (415) 364-2500 |
| Wit Capital Corporation | Co-manager | (212) 253-4400 |
| 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 | - | - | 0.080 | 1.618 | 4.799 | 1.067 | 1.319 |
| Income from Oper. | - | - | -0.213 | -0.190 | -1.338 | -0.052 | -0.898 |
| Net Income | - | - | -0.221 | -0.227 | -1.414 | -0.062 | -0.884 |
| E.P.S | - | - | -0.060 | -0.050 | -0.270 | -0.010 | -0.150 |
| Revenue Growth (%) | - | - | 1,922.50 | 196.601 | 23.62 | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -1.51 | -0.15 | -0.71 | ||||
| Cash Flow - Inv. | -0.30 | -0.06 | -0.14 | ||||
| Cash Flow - Fin. | 1.75 | 0.28 | 3.65 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 3/31/99 | Financial Ratios | ||||
| Total Assets | 4.24 | Current Assets | 3.50 | Current Ratio | 4.37 |
| Total Liab. | 5.85 | Current Liab. | 0.80 | Debt Ratio | 138.13% |
| Total Equity | -1.62 | Working Cap. | 2.70 | Debt to Equity Ratio | - |
| Cash | 2.81 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to make aggregate payments to Excite and MatchLogic, and for working capital and general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Reed Smith Shaw & McClay |
| Bank's Law Firm | O'Sullivan Graev & Karaball, L.LP |
| Auditor | Pricewaterhouse Coopers LLC |
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