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Precis Smart Card Systems, Inc.
11032 Quail Creek Road, Suite 108, Oklahoma City, OK 73120 * (405) 752-5550
Business Description The company is a development stage company. We develop and market commercial software products used with a technology commonly referred to as "smart cards".
Offering
Information

Company has
gone public

Trading As  PCIS (NASNTL) Industry  Wholesale (SIC 5045)
Type of Stock Offered  Common Shares Filing Date  9/7/99
Domestic Shares Offered  1,000,000 Offer Date  2/10/00
Foreign Shares Offered  0 Filing Price  $6.00
Company Shares  1,000,000 Offer Price  $6.00
Selling Shrhldrs Shares  0 Gross Spread  $0.600
Gross Proceeds  $6,000,000 Selling  $0.300
Expenses  - - Reallowance  - -
Post-IPO Shares  2,200,000 Employees  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Barron Chase Securities, Inc. Lead Manager (800) 747-1202
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       12/31/98 12/31/99 6/30/98 6/30/99
Revenues   - - - 0.322 0.041 0.025 0.034
Income from Oper.   - - - -0.614 -1.122 -0.406 -0.397
Net Income   - - - -0.671 -1.150 -0.449 -0.420
E.P.S   - - - -0.750 -1.280 -0.450 -0.470
Revenue Growth (%)      - - - -87.331   37.62
Net Income Growth (%)      - - - -   -
Oper. Profit Margin (%)    - - - - - - -
Net Profit Margin (%)    - - - - - - -
Cash Flow - Oper.     -0.42 -0.35 -0.28
Cash Flow - Inv.     -0.01 -0.01 -0.01
Cash Flow - Fin.     0.43 0.37 0.65
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 6/30/99 Financial Ratios
Total Assets    0.40 Current Assets    0.37 Current Ratio    0.34
Total Liab.    1.11 Current Liab.    1.09 Debt Ratio    277.15%
Total Equity    -0.71 Working Cap.    -0.72 Debt to Equity Ratio    -
Cash    0.36    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  Dunn Swan and Cunningham
Bank's Law Firm  Carter, David A.
Auditor  Murrell Hall, McIntosh & Co., PLLP
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Last updated: 5/29/00 12:57:04 AM
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