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| Egreetings Network, Inc. |
| 501 Second Street, Suite 114, San Francisco, CA 94107 * (415) 536-1870 |
| Business Description | The company offers consumers a simple and compelling solution to the problem of finding and sending appropriate greetings and gifts. Our web site contains over 4,400 digital greetings incorporating rich media elements such as graphics, animations and music that consumers can personalize and send for free. |
| Offering Information Company has | |||
| Trading As | EGRT (NASNTL) | Industry | Internet (SIC 5947) |
| Type of Stock Offered | Common Shares | Filing Date | 10/7/99 |
| Domestic Shares Offered | 6,000,000 | Offer Date | 12/16/99 |
| Foreign Shares Offered | 0 | Filing Range | $8.00 - $10.00 |
| Company Shares | 6,000,000 | Offer Price | $10.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $0.700 |
| Gross Proceeds | $60,000,000 | Selling | $0.420 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 34,400,000 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| CS First Boston | Lead Manager | (212) 325-2000 |
| Robertson, Stephens & Company | Co-manager | (415) 989-8500 |
| U.S. Bancorp Piper Jaffray | Co-manager | (612) 342-6220 |
| 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 | - | - | 0.164 | 0.505 | 0.317 | 0.097 | 0.724 |
| Income from Oper. | - | - | -1.788 | -3.025 | -7.798 | -2.993 | -12.186 |
| Net Income | - | - | -1.784 | -3.093 | -7.821 | -2.991 | -12.293 |
| E.P.S | - | - | -0.760 | -0.670 | -1.510 | -0.580 | -2.340 |
| Revenue Growth (%) | - | - | 207.93 | -37.228 | 646.39 | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -5.84 | -2.30 | -12.10 | ||||
| Cash Flow - Inv. | -0.79 | -0.31 | -4.87 | ||||
| Cash Flow - Fin. | 3.37 | -0.31 | -4.87 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 6/30/99 | Financial Ratios | ||||
| Total Assets | 20.19 | Current Assets | 6.99 | Current Ratio | 2.44 |
| Total Liab. | 3.63 | Current Liab. | 2.86 | Debt Ratio | 17.97% |
| Total Equity | 16.56 | Working Cap. | 4.12 | Debt to Equity Ratio | 0.22 |
| Cash | 0.60 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to fund increased sales and marketing activities, content acquisition, expansion of our network architecture and brand-building activities, for general corporate purposes including potential acquisitions. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Cooley Godward Castro Huddleson & Tatum |
| Bank's Law Firm | Wilson, Sonsini, Goodrich & Rosati |
| Auditor | Ernst & Young |
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