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| goracing.com, inc. |
| 4707 East Baseline Road, Phoenix, AZ 85040 * (602) 337-3700 |
| Business Description | The company is a leading online provider of worldwide motorsports-related news and information, a global online meeting place and community for motorsports fans, and a leading e-commerce marketplace for motorsports-related die-cast collectibles, apparel, and souvenirs. |
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Filing Information Not yet | ||||
| To Trade As | GRCN (NASNTL) | Industry | Internet (SIC 7375) | |
| Type of Stock Offered | Common Shares | Filing Date | 07/06/1999 | |
| Domestic Shares Filed | 6,250,000 | Filing Range | $7.00 - $9.00 | |
| Foreign Shares Filed | 0 | Offering Amount | $50,000,000 | |
| Company Shares | 6,250,000 | Est. Expenses | - - | |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | - - | |
| Being spun off from | Action Performance Companies, Inc. | |||
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Banc of America Securities LLC | Lead Manager | (415) 627-2100 |
| J.C. Bradford & Co. | Co-manager | (615) 748-9347 |
| U.S. Bancorp Piper Jaffray | Co-manager | (612) 342-6220 |
| William Blair & Company | Co-manager | (312) 364-8990 |
| 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 | 09/30/1996 | 09/30/1997 | 09/30/1998 | 03/31/1998 | 03/31/1999 | ||
| Revenues | - | - | 13.042 | 22.948 | 38.666 | 14.646 | 21.199 |
| Income from Oper. | - | - | - | - | - | - | - |
| Net Income | - | - | 0.667 | 2.467 | 3.737 | 0.807 | 1.289 |
| E.P.S | - | - | 0.020 | 0.070 | 0.110 | 0.020 | 0.040 |
| Revenue Growth (%) | - | - | 75.95 | 68.494 | 44.74 | ||
| Net Income Growth (%) | - | - | 269.87 | 51.48 | 59.73 | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | 5.11 | 10.75 | 9.66 | 6.08 | 5.51 |
| Cash Flow - Oper. | 3.50 | 0.88 | 2.97 | ||||
| Cash Flow - Inv. | 0.00 | 0.00 | -0.45 | ||||
| Cash Flow - Fin. | -3.52 | -0.88 | -2.41 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 03/31/1999 | Financial Ratios | ||||
| Total Assets | 8.39 | Current Assets | 7.30 | Current Ratio | 0.79 |
| Total Liab. | 9.28 | Current Liab. | 9.28 | Debt Ratio | 110.62% |
| Total Equity | -0.89 | Working Cap. | -1.98 | Debt to Equity Ratio | - |
| Cash | 0.11 | Return on Assets | 15.37% | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to fund advertising and marketing programs; to add online content, community features, and a e-commerce offerings on our network; to hire management and other personnel; to enhance our technology, software and basic infrastructure; to facilitate strategic relationships and acquisitions, to repay intercompany payables to Action Performance, and to provide funds for working capital and general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | O'Connor, Cavanagh, Anderson, Westover |
| Bank's Law Firm | Pillsbury Madison & Sutro |
| Registrar/Transfer Agent | American Stock Transfer & Trust Co |
| Auditor | Arthur Andersen |
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