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| Sportstrac Systems, Inc. |
| 6654 Gunpark Drive, Suite 100, Boulder, CO 80301 * (303) 527-0600 |
| Business Description | The company develops and markets products to enhance performance and health of athletes. We currently have two product lines, The SportsTrac System and The SportsRAC System. Both product lines share a common underlying technology that accurately measures variations in human coordination and fine motor skills. |
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Filing Information IPO has been | |||
| To Trade As | - - (NASSCM) | Industry | Manufacturing (SIC 3949) |
| Type of Stock Offered | Common Shares | Filing Date | 7/15/99 |
| Domestic Shares Filed | 585,000 | Filing Price | $6.00 |
| Foreign Shares Filed | 0 | Offering Amount | $3,510,000 |
| Company Shares | 585,000 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | 2,684,788 |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Fairchild Financial Group, Inc. | Lead Manager |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 4 Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/97 | 12/31/98 | 4/30/99 | ||||
| Revenues | - | - | - | 0.000 | 0.073 | - | 0.043 |
| Income from Oper. | - | - | - | - | - | - | - |
| Net Income | - | - | - | -0.863 | -1.209 | - | -0.389 |
| E.P.S | - | - | - | - | -0.410 | - | - |
| Revenue Growth (%) | - | - | - | - | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -0.78 | - | - | ||||
| Cash Flow - Inv. | -0.02 | - | - | ||||
| Cash Flow - Fin. | 0.75 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 4/30/99 | Financial Ratios | ||||
| Total Assets | 2.95 | Current Assets | 0.92 | Current Ratio | 5.93 |
| Total Liab. | 0.97 | Current Liab. | 0.15 | Debt Ratio | 32.99% |
| Total Equity | 1.98 | Working Cap. | 0.76 | Debt to Equity Ratio | 0.49 |
| Cash | 0.81 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Doerner, Saunders, Daniel & Anderson, L.L.P. |
| Bank's Law Firm | Lester Morse, P.C. |
| Registrar/Transfer Agent | American Stock Transfer & Trust Co |
| Auditor | Morrison, Brown, Argiz & Company |
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| Additional Underwriter Compensation |
| Warrant to purchase 58,500 shares/units at $100.00 per share/unit. |
| $100,000.00 consulting agreement for year(s). |