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| Urban Cool Network, Inc. |
| 1401 Elm Street, Suite 1955, Dallas, TX 75202 * (214) 752-5818 |
| Business Description | The company operates urbancoolnet.com, an online network targeted to the urban consumer that provides a forum for communications, information and electronic commerce. |
|
Filing Information Not yet | |||
| To Trade As | UBN (AMEX) | Industry | Internet (SIC 7375) |
| Type of Stock Offered | Common Shares | Filing Date | 12/7/99 |
| Domestic Shares Filed | 2,000,000 | Filing Range | $9.00 - $11.00 |
| Foreign Shares Filed | 0 | Offering Amount | $20,000,000 |
| Company Shares | 2,000,000 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | 5,645,000 |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Kashner Davidson Securities Corporation | Lead Manager | (941) 951-2626 |
| Nutmeg Securities, Inc. | Co-manager | (800) 288-5513 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 9 Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/98 | 9/30/99 | |||||
| Revenues | - | - | - | - | - | - | - |
| Income from Oper. | - | - | - | - | -0.328 | - | -0.901 |
| Net Income | - | - | - | - | -0.328 | - | -0.947 |
| E.P.S | - | - | - | - | -0.160 | - | -0.360 |
| Revenue Growth (%) | - | - | - | - | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | 0.06 | - | -0.38 | ||||
| Cash Flow - Inv. | -0.09 | - | - | ||||
| Cash Flow - Fin. | 0.03 | - | 0.37 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 9/30/99 | Financial Ratios | ||||
| Total Assets | 0.25 | Current Assets | 0.00 | Current Ratio | 0.00 |
| Total Liab. | 0.87 | Current Liab. | 0.78 | Debt Ratio | 345.02% |
| Total Equity | -0.62 | Working Cap. | -0.78 | Debt to Equity Ratio | - |
| Cash | 0.00 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for advertising, sales and marketing, capital expenditures, development and marketing of electronic commerce capable web sites, development and licensing of content and procurement of traffic, repayment of debt and working capital and general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Silverman, Collura & Chernis |
| Bank's Law Firm | Orrick, Herrington & Sutcliffe |
| Registrar/Transfer Agent | Continental Stock Transfer & Trust Co |
| Auditor | Eisner, Richard A. |
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| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| Jacob R Miles, III | 60.20 | |
| Note: represents ownership of 5% or more prior to the offering. | ||
| Additional Underwriter Compensation |
| Warrant to purchase 200,000 shares/units at $20.00 per share/unit. |