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| Vicinity Corporation |
| 1135A San Antonio Road, Palo Alto, CA 94303 * (650) 237-0300 |
| Business Description | The company is a leading provider of Internet-based marketing infrastructure services. Our "clicks-and-mortar" solutions enable our clients to direct consumers searching for a specific product or service to the nearest brick-and-mortar location that carries that product or service. |
| Offering Information Company has | |||
| Trading As | VCNT (NASNTL) | Industry | High-Tech (SIC 7374) |
| Type of Stock Offered | Common Shares | Filing Date | 11/3/99 |
| Domestic Shares Offered | 7,000,000 | Offer Date | 2/8/00 |
| Foreign Shares Offered | 0 | Filing Range | $11.00 - $13.00 |
| Company Shares | 7,000,000 | Offer Price | $17.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $1.190 |
| Gross Proceeds | $119,000,000 | Selling | $0.710 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 26,900,000 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| J.P. Morgan & Co. | Lead Manager | (212) 648-0517 |
| Bear, Stearns & Co. Inc. | Co-manager | (212) 272-4850 |
| 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 | - - Months Ending | ||||||
| Figures in U.S. millions except per share data | 7/31/97 | 7/31/98 | 7/31/99 | ||||
| Revenues | - | - | 1.419 | 4.810 | 6.424 | - | - |
| Income from Oper. | - | - | -6.347 | -2.469 | -5.464 | - | - |
| Net Income | - | - | -6.621 | -2.999 | -6.553 | - | - |
| E.P.S | - | - | -1.610 | -0.860 | -1.610 | - | - |
| Revenue Growth (%) | - | - | 238.97 | 33.555 | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -3.54 | - | - | ||||
| Cash Flow - Inv. | -0.21 | - | - | ||||
| Cash Flow - Fin. | 12.55 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 7/31/99 | Financial Ratios | ||||
| Total Assets | 13.20 | Current Assets | 12.29 | Current Ratio | 1.52 |
| Total Liab. | 8.37 | Current Liab. | 8.07 | Debt Ratio | 63.39% |
| Total Equity | 4.83 | Working Cap. | 4.22 | Debt to Equity Ratio | 1.73 |
| Cash | 9.06 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to expand sales and marketing resources including expanding our business in Asia and Europe, to develop new technologies and products and to use for working capital and for general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Latham & Watkins |
| Bank's Law Firm | Davis, Polk & Wardwell |
| Auditor | KPMG LLC |
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| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| CMG@Ventures | 31.70 | |
| Oak Investment Partners | 23.30 | |
| 21st Century Internet Fund, L.P. | 10.10 | |
| EnCompass Group, Inc. | 7.30 | |
| Note: represents ownership of 5% or more prior to the offering. | ||