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Intellesale.com, Inc.
510 Ryerson Road, Lincoln Park, NJ 07035 * (973) 686-9100
Business Description The company sells refurbished and new computer equipment and related components. We sell products online through our website at www.intellesale.com as well as through traditional channels, which we are migrating to the Internet.
Filing
Information

IPO has been
postponed

To Trade As  SALE (NASNTL) Industry  Internet (SIC 5961)
Type of Stock Offered Common Shares Filing Date  9/14/99
Domestic Shares Filed 5,700,000 Filing Range  $8.00 - $10.00
Foreign Shares Filed  0 Offering Amount  $51,300,000
Company Shares  4,000,000 Est. Expenses  - -
Selling Shrhldrs Shares  1,700,000 Post-IPO Shares  - -
Being spun off from  Applied Digital Solutions, Inc.
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Ladenburg, Thalmann & Co. Inc. Lead Manager (212) 409-2300
Punk, Ziegel & Knoell Co-manager (212) 308-9494
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     12/31/96 12/31/97 12/31/98 6/30/98 6/30/99
Revenues   - - 1.993 39.445 60.743 28.199 39.212
Income from Oper.   - - 0.505 2.275 3.961 2.115 3.056
Net Income   - - 0.276 0.993 1.793 1.054 1.393
E.P.S   - - 0.020 0.070 0.120 0.070 0.090
Revenue Growth (%)      - - 1,879.18 53.994   39.05
Net Income Growth (%)      - - 259.78 80.56   32.16
Oper. Profit Margin (%)    - - 25.34 5.77 6.52 7.79 7.50
Net Profit Margin (%)    - - 13.85 2.52 2.95 3.55 3.74
Cash Flow - Oper.     -2.21 - -
Cash Flow - Inv.     -1.03 - -
Cash Flow - Fin.     3.19 - -
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 6/30/99 Financial Ratios
Total Assets    67.36 Current Assets    - Current Ratio    -
Total Liab.    47.55 Current Liab.    - Debt Ratio    70.59%
Total Equity    19.81 Working Cap.    -17.40 Debt to Equity Ratio    2.40
Cash    0.12    Return on Assets   2.07%
Use Of
Proceeds
The proceeds from the proposed offering will be used to repay indebtedness; to pay various persons in connection with the settlement of their earn-out payment rights and the purchase of minority interests in our subsidiaries, increase advertising and other marketing efforts in connection with the further development of our Internet business and the migration of other parts of our business to the Internet and for general corporate purposes including working capital.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Bryan Cave
Bank's Law Firm  Fulbright & Jaworski
Registrar/Transfer Agent  Continental Stock Transfer & Trust Co
Auditor  Pricewaterhouse Coopers LLC
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Last updated: 2/6/00 1:14:48 AM
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