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| Tunes.com, Inc. |
| 640 North LaSalle Street, Suite 560, Chicago, IL 60610 * (312) 642-7560 |
| Business Description | The company is a leading online music network, providing music fans with extensive and exclusive music content, community features and e-commerce services. |
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Filing Information IPO has been | |||
| To Trade As | TUNZ (NASNTL) | Industry | Internet (SIC 7375) |
| Type of Stock Offered | Common Shares | Filing Date | 06/14/1999 |
| Domestic Shares Filed | 4,000,000 | Filing Range | $9.00 - $11.00 |
| Foreign Shares Filed | 0 | Offering Amount | $40,000,000 |
| Company Shares | 4,000,000 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Salomon Smith Barney | Lead Manager | (212) 723-7300 |
| SG Cowen | Co-manager | (212) 495-6000 |
| U.S. Bancorp Piper Jaffray | Co-manager | (612) 342-6220 |
| 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 | 12/31/1996 | 12/31/1997 | 12/31/1998 | 03/31/1998 | 03/31/1999 | ||
| Revenues | - | - | 0.000 | 0.565 | 2.485 | 0.454 | 0.977 |
| Income from Oper. | - | - | -0.224 | -3.637 | -13.464 | -1.704 | -3.928 |
| Net Income | - | - | -0.217 | -3.522 | -13.036 | -1.637 | -3.895 |
| E.P.S | - | - | -0.380 | -3.380 | -12.350 | -1.600 | -3.310 |
| Revenue Growth (%) | - | - | - | 339.823 | 115.20 | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -9.30 | -1.65 | -3.74 | ||||
| Cash Flow - Inv. | -0.09 | 0.04 | -0.23 | ||||
| Cash Flow - Fin. | 10.97 | 4.03 | 3.78 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 03/31/1999 | Financial Ratios | ||||
| Total Assets | 10.77 | Current Assets | 6.11 | Current Ratio | 3.01 |
| Total Liab. | 28.39 | Current Liab. | 2.03 | Debt Ratio | 263.56% |
| Total Equity | -17.62 | Working Cap. | 4.08 | Debt to Equity Ratio | - |
| Cash | 4.05 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to expand sales, advertising and marketing programs, develop strategic alliances, finance capital expenditures and fund other general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Freeborn & Peters |
| Bank's Law Firm | Mayer, Brown & Platt |
| Registrar/Transfer Agent | Harris Trust & Savings Bank |
| Auditor | Ernst & Young |
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