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| Infinite Technology Group Ltd. |
| 77 Jericho Turnpike, Mineola, NY 11501 * (516) 877-1605 |
| Business Description | The company is a broad based and versatile independent supplier of information technology services. We are a full service provider of Internet and e-commerce services that identifies, designs, builds, deploys and maintains comprehensive solutions for Fortune 1000 companies and other users of large scale computing systems. |
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Filing Information Not yet | |||
| To Trade As | ITGL (NASNTL) | Industry | Internet (SIC 7379) |
| Type of Stock Offered | Common Shares | Filing Date | 10/8/99 |
| Domestic Shares Filed | 2,000,000 | Filing Range | $10.00 - $12.00 |
| Foreign Shares Filed | 0 | Offering Amount | $22,000,000 |
| Company Shares | 2,000,000 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Auerbach, Pollak & Richardson, Inc. | Lead Manager | (203) 425-2935 |
| 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 | 12/31/94 | 12/31/95 | 12/31/96 | 12/31/97 | 12/31/98 | 6/30/98 | 6/30/99 |
| Revenues | 4.066 | 16.837 | 18.391 | 22.906 | 25.781 | 14.347 | 19.739 |
| Income from Oper. | 0.789 | 0.069 | 0.328 | -0.029 | -0.177 | -0.379 | 0.925 |
| Net Income | 0.789 | 0.068 | 0.281 | -0.120 | -0.354 | -0.460 | 0.765 |
| E.P.S | 0.070 | 0.010 | 0.030 | -0.010 | -0.040 | -0.040 | 0.070 |
| Revenue Growth (%) | 314.09 | 9.23 | 24.55 | 12.551 | 37.58 | ||
| Net Income Growth (%) | -91.38 | 313.24 | - | - | - | ||
| Oper. Profit Margin (%) | 19.40 | 0.41 | 1.78 | - | - | 4.69 | - |
| Net Profit Margin (%) | 19.40 | 0.40 | 1.53 | - | - | 3.88 | - |
| Cash Flow - Oper. | -1.86 | -0.75 | -0.13 | ||||
| Cash Flow - Inv. | -0.19 | -0.09 | -0.22 | ||||
| Cash Flow - Fin. | 2.54 | 0.69 | 0.39 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 6/30/99 | Financial Ratios | ||||
| Total Assets | 17.20 | Current Assets | 16.71 | Current Ratio | 1.06 |
| Total Liab. | 16.08 | Current Liab. | 15.75 | Debt Ratio | 93.50% |
| Total Equity | 1.12 | Working Cap. | 0.97 | Debt to Equity Ratio | 14.37 |
| Cash | 0.68 | Return on Assets | 4.45% | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to acquire IT IS, to repay bank debt, for expansion of our Internet data centers, for acquisitions of complementary businesses and for working capital and for general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Parker Duryee Rosoff & Haft |
| Bank's Law Firm | Coleman & Rhine LLP |
| Registrar/Transfer Agent | American Stock Transfer & Trust Co |
| Auditor | Ernst & Young |
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