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Callnow.com, Inc.
50 Broad Street, New York, NY 10004 * (212) 686-2000
Business Description The company offers telecommunications services through their e-commerce web site
Filing
Information

Not yet
public

To Trade As  CALN (NASNTL) Industry  Retail (SIC 5961)
Type of Stock Offered Common Shares Filing Date  9/29/99
Domestic Shares Filed 4,164,891 Filing Range  $6.00 - $8.00
Foreign Shares Filed  0 Offering Amount  $29,154,237
Company Shares  4,000,000 Est. Expenses  - -
Selling Shrhldrs Shares  164,891 Post-IPO Shares  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Kaufman Brothers L.P. Lead Manager (212) 292-4200
John G. Kinnard Co-manager (612) 370-2844
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   12/31/95 12/31/96 12/31/97 12/31/98 6/30/98 6/30/99
Revenues   - 0.453 1.675 5.010 2.295 1.386 0.543
Income from Oper.   - -0.253 -0.930 -0.859 -0.551 -0.232 -0.442
Net Income   - -0.253 -0.931 -0.917 -0.641 -0.256 -0.526
E.P.S   - -0.080 -0.240 -0.240 -0.170 -0.070 -0.110
Revenue Growth (%)      - 269.52 199.11 -54.188   -60.84
Net Income Growth (%)      - - - -   -
Oper. Profit Margin (%)    - - - - - - -
Net Profit Margin (%)    - - - - - - -
Cash Flow - Oper.     0.19 - -
Cash Flow - Inv.     -0.14 - -
Cash Flow - Fin.     -0.15 - -
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 6/30/99 Financial Ratios
Total Assets    1.27 Current Assets    0.26 Current Ratio    0.17
Total Liab.    3.30 Current Liab.    1.58 Debt Ratio    259.81%
Total Equity    -2.03 Working Cap.    -1.32 Debt to Equity Ratio    -
Cash    0.15    Return on Assets   -
Use Of
Proceeds
The proceeds from the proposed offering will be used for working capital and other general corporate purposes, including advertising and promotion, hiring of additional personnel, repayment of accrued liabilities owed to senior management and upgrading our computer hardware and software.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Stairs Dillenbeck Finley & Merle
Bank's Law Firm  Squadron, Ellenoff, Plesent, Sheinfeld & Sorkin
Registrar/Transfer Agent  Atlas Stock Transfer Corporation
Auditor  Ernst & Young
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Last updated: 10/3/99 10:23:16 AM
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