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SFBC International, Inc.
11190 Biscayne Blvd., N. Miami, FL 33181 * (305) 895-0304
Business Description The company is a contract research organization which conducts clinical research and provides drug development services for clients in the pharmaceutical and biotechnology industries.
Filing
Information

Not yet
public

To Trade As  SFBX (NASNTL) Industry  Service (SIC 8731)
Type of Stock Offered Common Shares Filing Date  8/17/99
Domestic Shares Filed 12,500,000 Filing Price  $8.00
Foreign Shares Filed  0 Offering Amount  $100,000,000
Company Shares  12,500,000 Est. Expenses  - -
Selling Shrhldrs Shares  0 Post-IPO Shares  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
H.D. Brous & Co., Inc. Lead Manager (800) 382-7170
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       12/31/97 12/31/98 6/30/98 6/30/99
Revenues   - - - 4.262 5.870 2.045 3.945
Income from Oper.   - - - 0.077 0.707 -0.025 0.660
Net Income   - - - -0.102 0.317 -0.076 0.348
E.P.S   - - - -0.030 0.090 -0.020 0.100
Revenue Growth (%)      - - - 37.744   92.86
Net Income Growth (%)      - - - -   -
Oper. Profit Margin (%)    - - - 1.81 12.05 16.74 -
Net Profit Margin (%)    - - - - 5.40 8.82 -
Cash Flow - Oper.     0.05 - -
Cash Flow - Inv.     -0.12 - -
Cash Flow - Fin.     -0.01 - -
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 6/30/99 Financial Ratios
Total Assets    2.45 Current Assets    - Current Ratio    -
Total Liab.    3.05 Current Liab.    - Debt Ratio    124.64%
Total Equity    -0.60 Working Cap.    0.58 Debt to Equity Ratio    -
Cash    0.45    Return on Assets   14.22%
Use Of
Proceeds
The proceeds from the proposed offering will be used to repay indebtedness, move to a larger facility, expand our marketing, add to our working capital, buy additional equipment and have funds for potential acquisitions.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Harris, Michael, P.A.
Bank's Law Firm  Wolin, Ridley & Miller LLP
Registrar/Transfer Agent  American Stock Transfer & Trust Co
Auditor  Kaufman, Rossin & Company
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Last updated: 7/24/00 1:30:17 PM
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