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| Loislaw.com, Inc. |
| 105 North 28th Street, Van Buren, AK 72956 * (501) 471-5581 |
| Business Description | The company provides comprehensive, affordable and easy-to-use legal and related information to lawyers and law firms over the Internet and on CD Rom. We offer more than 950 databases that we estimate to contain over 50 million pages of federal and state law, continuing legal education materials and other legal information. |
| Offering Information Company has | |||
| Trading As | LOIS (NASNTL) | Industry | Internet (SIC 7374) |
| Type of Stock Offered | Common Shares | Filing Date | 6/18/99 |
| Domestic Shares Offered | 3,980,000 | Offer Date | 9/29/99 |
| Foreign Shares Offered | 0 | Filing Range | $10.00 - $12.00 |
| Company Shares | 3,900,000 | Offer Price | $14.00 |
| Selling Shrhldrs Shares | 80,000 | Gross Spread | $0.980 |
| Gross Proceeds | $55,720,000 | Selling | $0.560 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 20,939,500 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Prudential Securities Incorporated | Lead Manager | (212) 778-5420 |
| Dain Rauscher Wessels | Co-manager | (612) 371-2818 |
| 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 | 12/31/96 | 12/31/97 | 12/31/98 | 3/31/98 | 3/31/99 | ||
| Revenues | - | - | 1.883 | 3.365 | 5.024 | 0.969 | 1.336 |
| Income from Oper. | - | - | -3.242 | -2.209 | -7.087 | -1.586 | -2.148 |
| Net Income | - | - | -3.491 | -2.670 | -8.594 | -1.864 | -2.740 |
| E.P.S | - | - | -0.990 | -0.760 | -2.520 | -0.550 | -0.750 |
| Revenue Growth (%) | - | - | 78.70 | 49.302 | 37.87 | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -7.21 | -1.59 | -0.90 | ||||
| Cash Flow - Inv. | -3.99 | -1.02 | -4.49 | ||||
| Cash Flow - Fin. | 8.07 | 3.00 | 5.32 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 3/31/99 | Financial Ratios | ||||
| Total Assets | 22.02 | Current Assets | 2.85 | Current Ratio | 0.31 |
| Total Liab. | 9.66 | Current Liab. | 9.19 | Debt Ratio | 43.89% |
| Total Equity | 12.35 | Working Cap. | -6.34 | Debt to Equity Ratio | 0.78 |
| Cash | 20.03 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for debt reduction, redemption of preferred stock, continued development of legal databases, expansion of marketing and sales activities, potential acquisitions and general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Thompson & Knight |
| Bank's Law Firm | Testa, Hurwitz & Thibeault |
| Auditor | KPMG LLC |
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