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Universal Access, Inc.
100 North Riverside Plaza, Suite 2200, Chicago, IL 60606 * (312) 660-5000
Business Description The company is a web-enabled, business-to-business intermediary that facilitates the provisioning, installation and servicing of dedicated, point-to-point communications links, commonly known as circuits, for service providers who buy network capacity, and transport suppliers who sell network capacity.
Offering
Information

Company has
gone public

Trading As  UAXS (NASNTL) Industry  Telecommunications (SIC 4813)
Type of Stock Offered  Common Shares Filing Date  12/17/99
Domestic Shares Offered  11,000,000 Offer Date  3/16/00
Foreign Shares Offered  0 Filing Range  $11.00 - $13.00
Company Shares  11,000,000 Offer Price  $14.00
Selling Shrhldrs Shares  0 Gross Spread  $0.980
Gross Proceeds  $154,000,000 Selling  $0.580
Expenses  - - Reallowance  $0.100
Post-IPO Shares  84,810,000 Employees  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Goldman, Sachs & Co. Lead Manager (212) 902-5959
Hambrecht & Quist Incorporated Co-manager (415) 439-3626
Robertson, Stephens & Company Co-manager (415) 989-8500
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       12/31/97 12/31/98 9/30/98 9/30/99
Revenues   - - - 0.077 1.629 0.730 8.583
Income from Oper.   - - - -0.169 -1.255 -0.799 -9.413
Net Income   - - - -0.170 -1.374 0.807 -9.059
E.P.S   - - - - -0.050 - -0.180
Revenue Growth (%)      - - - 2,015.584   1,075.75
Net Income Growth (%)      - - - -   -
Oper. Profit Margin (%)    - - - - - - -
Net Profit Margin (%)    - - - - - - 110.55
Cash Flow - Oper.     -0.95 -0.54 -4.65
Cash Flow - Inv.     -0.27 -0.05 -6.74
Cash Flow - Fin.     2.05 1.43 32.25
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 9/30/99 Financial Ratios
Total Assets    40.01 Current Assets    25.13 Current Ratio    2.24
Total Liab.    11.82 Current Liab.    11.20 Debt Ratio    29.55%
Total Equity    28.19 Working Cap.    13.93 Debt to Equity Ratio    0.42
Cash    21.70    Return on Assets   -
Use Of
Proceeds
The proceeds from the proposed offering will be used for general corporate purposes, including working capital, capital expenditures and potential acquisitions of complementary products, technologies and businesses.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Wilson, Sonsini, Goodrich & Rosati
Bank's Law Firm  Sullivan & Cromwell
Registrar/Transfer Agent  Norwest Shareowner Services
Auditor  Pricewaterhouse Coopers LLC
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Principal
Shareholders
Name of Shareholder% Owned
Before
% Owned
After
Entities affiliated with Internet Capital Group 24.85  
Entities affiliated with ComVentures 17.39  
Giuseppina Zarcone 10.07  
Patrick C. Shutt 7.56  
Robert J. Pommer 7.29  
John D. Drummond 5.52  
TeleGlobe Communications 5.30  
Sam Zarcone 5.25  
Note: represents ownership of 5% or more prior to the offering.

Last updated: 5/29/00 12:57:23 AM
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