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| WORLDxCHANGE Communications, Inc. |
| 9999 Willow Creek Road, San Diego, CA 92131 * (800) 500-8972 |
| Business Description | The company is a leading global telecommunications company that specializes in providing high-quality, low-cost domestic and international telecommunications services. |
|
Filing Information Not yet | |||
| To Trade As | CALL (NASNTL) | Industry | Telecommunications (SIC 4813) |
| Type of Stock Offered | Common Shares | Filing Date | 08/25/1999 |
| Domestic Shares Filed | 0 | Filing Price | - - |
| Foreign Shares Filed | 0 | Offering Amount | $82,000,000 |
| Company Shares | 0 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Gerard Klauer Mattison & Company, Incorporated | Lead Manager | (212) 885-4041 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 9 Months Ending | ||||||
| Figures in U.S. millions except per share data | 09/30/1996 | 09/30/1997 | 09/30/1998 | 06/30/1998 | 06/30/1999 | ||
| Revenues | - | - | 183.900 | 331.700 | 398.900 | 301.000 | 304.300 |
| Income from Oper. | - | - | -15.500 | -25.500 | -15.700 | 3.700 | -35.100 |
| Net Income | - | - | -21.600 | -37.100 | -27.500 | -4.000 | -46.000 |
| E.P.S | - | - | -0.780 | -1.340 | -0.990 | -0.150 | -1.410 |
| Revenue Growth (%) | - | - | 80.37 | 20.259 | 1.10 | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | 1.23 |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -31.74 | -27.95 | -4.51 | ||||
| Cash Flow - Inv. | -11.99 | -4.14 | -25.13 | ||||
| Cash Flow - Fin. | 60.54 | 34.14 | 46.86 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 06/30/1999 | Financial Ratios | ||||
| Total Assets | 199.67 | Current Assets | 101.65 | Current Ratio | 0.71 |
| Total Liab. | 263.87 | Current Liab. | 143.43 | Debt Ratio | 132.15% |
| Total Equity | -64.20 | Working Cap. | -41.79 | Debt to Equity Ratio | - |
| Cash | 38.20 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to expand our sales and marketing activities, expand our network, repay a portion of our indebtedness, fund working capital and for general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | O'Melveny & Meyers |
| Bank's Law Firm | Dewey Ballantine |
| Registrar/Transfer Agent | U. S. Stock Transfer Corporation |
| Auditor | Ernst & Young |
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