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| OrganicNet, Inc. |
| 330 Townsend Street, Suite 206, San Francisco, CA 94107 * (415) 495-4741 |
| Business Description | The company is a application services provider (ASP) that develops software solutions for healthcare clinics and physician group practices using our proprietary technology platform. |
|
Filing Information Not yet | |||
| To Trade As | OGNT (NASNTL) | Industry | High-Tech (SIC 7372) |
| Type of Stock Offered | Common Shares | Filing Date | 10/1/99 |
| Domestic Shares Filed | 2,750,000 | Filing Range | $9.00 - $11.00 |
| Foreign Shares Filed | 0 | Offering Amount | $27,500,000 |
| Company Shares | 2,750,000 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Needham & Company | Lead Manager | (212) 705-0344 |
| 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 | - | - | 0.371 | 2.972 | 4.624 | 2.696 | 2.709 |
| Income from Oper. | - | - | -2.305 | -4.787 | -5.900 | -2.348 | -2.558 |
| Net Income | - | - | -2.311 | -4.799 | -6.006 | -2.399 | -2.643 |
| E.P.S | - | - | -0.450 | -0.880 | -1.100 | -0.440 | -0.480 |
| Revenue Growth (%) | - | - | 701.08 | 55.585 | 0.48 | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -3.24 | -1.24 | -2.46 | ||||
| Cash Flow - Inv. | -0.03 | -0.08 | -0.06 | ||||
| Cash Flow - Fin. | 3.26 | 1.39 | 4.16 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 6/30/99 | Financial Ratios | ||||
| Total Assets | 3.44 | Current Assets | 2.43 | Current Ratio | 0.40 |
| Total Liab. | 6.18 | Current Liab. | 6.14 | Debt Ratio | 179.33% |
| Total Equity | -2.73 | Working Cap. | -3.70 | Debt to Equity Ratio | - |
| Cash | 1.68 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to repay short-term debt, including amounts owed to or guaranteed by certain of our directors, officers and stockholders, to continue development of our solutions and architecture, expand our sales and marketing efforts, expand our administrative infrastructure, and for working capital and other general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Cooley Godward Castro Huddleson & Tatum |
| Bank's Law Firm | Skadden, Arps, Slate, Meagher & Flom |
| Auditor | KPMG LLC |
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