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| Lante Corporation |
| 161 North Clark Street, Suite 4900, Chicago, IL 60601 * (312) 696-5000 |
| Business Description | The company is an Internet services company that develops sophisticated technology-based solutions that enable emerging electronic markets. |
| Offering Information Company has | |||
| Trading As | LNTE (NASNTL) | Industry | Internet (SIC 7379) |
| Type of Stock Offered | Common Shares | Filing Date | 12/8/99 |
| Domestic Shares Offered | 4,000,000 | Offer Date | 2/10/00 |
| Foreign Shares Offered | 0 | Filing Range | $17.00 - $19.00 |
| Company Shares | 4,000,000 | Offer Price | $20.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $1.400 |
| Gross Proceeds | $80,000,000 | Selling | $0.840 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 38,500,000 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| CS First Boston | Lead Manager | (212) 325-2000 |
| Deutsch Banc Alex. Brown | Co-manager | (410) 727-1700 |
| Friedman, Billings, Ramsey & Co., Inc. | Co-manager | (703) 312-9571 |
| Thomas Weisel Partners LLC | Co-manager | (415) 364-2500 |
| 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 | 12/31/96 | 12/31/97 | 12/31/98 | 9/30/98 | 9/30/99 | ||
| Revenues | - | - | 8.640 | 11.134 | 15.369 | 11.128 | 21.343 |
| Income from Oper. | - | - | 0.240 | 0.237 | 1.565 | 1.065 | -0.904 |
| Net Income | - | - | 0.220 | 0.213 | 1.556 | 1.048 | 0.028 |
| E.P.S | - | - | 0.010 | 0.010 | 0.080 | 0.050 | -0.020 |
| Revenue Growth (%) | - | - | 28.87 | 38.037 | 91.80 | ||
| Net Income Growth (%) | - | - | -3.18 | 630.52 | -97.33 | ||
| Oper. Profit Margin (%) | - | - | 2.78 | 2.13 | 10.18 | - | 9.57 |
| Net Profit Margin (%) | - | - | 2.55 | 1.91 | 10.12 | 0.13 | 9.42 |
| Cash Flow - Oper. | 0.87 | -0.16 | -1.99 | ||||
| Cash Flow - Inv. | -0.37 | -0.19 | -2.23 | ||||
| Cash Flow - Fin. | 2.02 | 2.03 | 14.05 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 9/30/99 | Financial Ratios | ||||
| Total Assets | 27.16 | Current Assets | 21.24 | Current Ratio | 2.94 |
| Total Liab. | 34.81 | Current Liab. | 7.22 | Debt Ratio | 128.19% |
| Total Equity | -7.66 | Working Cap. | 14.02 | Debt to Equity Ratio | - |
| Cash | 13.21 | Return on Assets | 0.10% | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for general corporate purposes including working capital, marketing, recruiting and hiring additional personnel, upgrading our infrastructure, including internal information systems, and expanding into new geographical markets. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Katten Muchin & Zavis |
| Bank's Law Firm | Cravath, Swaine & Moore |
| Auditor | Pricewaterhouse Coopers LLC |
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| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| Mark Tebbe | 38.15 | |
| Frontenac VII Limited Partnership | 15.06 | |
| Dell Computer Corporation | 8.94 | |
| Note: represents ownership of 5% or more prior to the offering. | ||