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| Espernet.com, Inc. |
| 383 West 12th Street, New York, NY 10014 * (212) 989-4706 |
| Business Description | The company will acquire 43 Internet service providers, or ISPs, and become a leading national ISP with more than 274,000 subscribers. |
|
Filing Information IPO has been | |||
| To Trade As | ESNT (NASNTL) | Industry | Internet (SIC 7375) |
| Type of Stock Offered | Common Shares | Filing Date | 09/30/1999 |
| Domestic Shares Filed | 0 | Filing Price | - - |
| Foreign Shares Filed | 0 | Offering Amount | $150,000,000 |
| Company Shares | 0 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| E*OFFERING Corp. | Lead Manager | (415) 835-1560 |
| DLJDirect, Inc. | Co-manager | (800) 825-5723 |
| 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 | 12/31/1998 | 06/30/1999 | |||||
| Revenues | - | - | - | - | 34.060 | - | 25.393 |
| Income from Oper. | - | - | - | - | -66.560 | - | -33.025 |
| Net Income | - | - | - | - | -58.254 | - | -28.997 |
| E.P.S | - | - | - | - | - | - | - |
| Revenue Growth (%) | - | - | - | - | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | - | - | - | ||||
| Cash Flow - Inv. | - | - | - | ||||
| Cash Flow - Fin. | - | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 06/30/1999 | Financial Ratios | ||||
| Total Assets | 244.15 | Current Assets | 36.45 | Current Ratio | 2.32 |
| Total Liab. | 41.00 | Current Liab. | 15.71 | Debt Ratio | 16.79% |
| Total Equity | 203.16 | Working Cap. | 20.74 | Debt to Equity Ratio | 0.20 |
| Cash | 32.06 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to pay the cash portion of the purchase price and related expenses in connection with the acquisition of 43 ISPs and for general corporate purposes including future acquisitions and working capital. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Lebdeuf, Lamb, Greene & Macrae |
| Bank's Law Firm | Gibson, Dunn & Crutcher |
| Registrar/Transfer Agent | American Stock Transfer & Trust Co |
| Auditor | KPMG LLC |
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