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| Sunhawk.com Corporation |
| 223 Taylor Avenue North, Suite 200, Seattle, WA 98109 * (206) 728-6063 |
| Business Description | The company is a leading provider of digital sheet music over the Internet. We have proprietary technology that allows customers to download encrypted sheet music files over the Internet in a playable, interactive digital format which can then be viewed, played, stored on and printed from IBM and compatible personal computers. |
| Offering Information Company has | |||
| Trading As | SNHK (NASSCM) | Industry | Manufacturing (SIC 2741) |
| Type of Stock Offered | Common Shares | Filing Date | 6/17/99 |
| Domestic Shares Offered | 1,400,000 | Offer Date | 2/14/00 |
| Foreign Shares Offered | 0 | Filing Range | $11.50 - $12.50 |
| Company Shares | 1,400,000 | Offer Price | $12.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | - - |
| Gross Proceeds | $16,800,000 | Selling | $0.450 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | - - | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Joseph Gunnar & Co., LLC | Lead Manager |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 6 Months Ending | ||||||
| Figures in U.S. millions except per share data | 9/30/97 | 9/30/98 | 3/31/98 | 3/31/99 | |||
| Revenues | - | - | - | 0.015 | 0.027 | 0.014 | 0.045 |
| Income from Oper. | - | - | - | -0.844 | -1.349 | -0.593 | -1.121 |
| Net Income | - | - | - | -0.911 | -1.476 | -0.650 | -1.235 |
| E.P.S | - | - | - | -0.780 | -1.190 | -0.530 | -0.970 |
| Revenue Growth (%) | - | - | - | 80.957 | 215.82 | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -1.21 | -0.53 | -1.02 | ||||
| Cash Flow - Inv. | -0.27 | -0.12 | -0.22 | ||||
| Cash Flow - Fin. | 1.51 | 0.70 | 2.80 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 3/31/99 | Financial Ratios | ||||
| Total Assets | 1.76 | Current Assets | 1.67 | Current Ratio | 5.74 |
| Total Liab. | -1.59 | Current Liab. | 0.29 | Debt Ratio | - |
| Total Equity | 3.34 | Working Cap. | 1.38 | Debt to Equity Ratio | - |
| Cash | 0.46 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for sales and marketing activities, acquiring rights to digitize and sell additional music on the Solero music format and in the Sunhawk Audio format as well as the audio complement to the digital sheet music we sell, working capital to finance the hiring of additional management and other personnel and other general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Otto Law Group, PLLC, The |
| Bank's Law Firm | Kelley Drye & Warren |
| Registrar/Transfer Agent | Continental Stock Transfer & Trust Co |
| Auditor | Ernst & Young |
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