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Interep National Radio Sales, Inc.
100 Park Avenue, New York, NY 10017 * (212) 916-0700
Business Description The company is the largest independent national spot radio representation or "rep" firm in the United States.
Offering
Information

Company has
gone public

Trading As  IREP (NASNTL) Industry  Telecommunications (SIC 4832)
Type of Stock Offered  Class A Common Shares Filing Date  10/1/99
Domestic Shares Offered  5,416,667 Offer Date  12/8/99
Foreign Shares Offered  0 Filing Range  $11.00 - $13.00
Company Shares  4,429,167 Offer Price  $12.00
Selling Shrhldrs Shares  987,500 Gross Spread  $0.840
Gross Proceeds  $65,000,004 Selling  $0.500
Expenses  - - Reallowance  $0.100
Post-IPO Shares  10,340,600 Employees  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Robertson, Stephens & Company Lead Manager (415) 989-8500
Bear, Stearns & Co. Inc. Co-manager (212) 272-4850
HCFP/Brenner Securities, LLC Co-manager  
SPP Capital Partners, LLC Co-manager  
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   - - 91.734 113.682 124.956 63.968 45.478
Income from Oper.   - - -7.869 9.052 15.038 12.835 -6.612
Net Income   - - 2.073 2.914 4.848 6.251 -6.740
E.P.S   - - 1.930 3.700 -0.570 15.120 -23.840
Revenue Growth (%)      - - 23.93 9.917   -28.91
Net Income Growth (%)      - - 40.57 66.37   -
Oper. Profit Margin (%)    - - - 7.96 12.03 - 20.06
Net Profit Margin (%)    - - 2.26 2.56 3.88 - 9.77
Cash Flow - Oper.     29.40 - -
Cash Flow - Inv.     -1.27 - -
Cash Flow - Fin.     3.41 - -
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 6/30/99 Financial Ratios
Total Assets    163.30 Current Assets    - Current Ratio    -
Total Liab.    171.19 Current Liab.    - Debt Ratio    104.83%
Total Equity    -7.89 Working Cap.    53.62 Debt to Equity Ratio    -
Cash    -    Return on Assets   2.97%
Use Of
Proceeds
The proceeds from the proposed offering will be used for general corporate purposes and working capital purposes, including possible acquisitions.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Salans Hertzfeld Heibronn Christy & Viener
Bank's Law Firm  Hale and Dorr
Auditor  Arthur Andersen
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Last updated: 12/12/99 1:39:24 PM
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