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| Opus360 Corporation |
| 733 Third Avenue, 17th Floor, New York, NY 10017 * (212) 301-2280 |
| Business Description | The company provides a leading integrated web-based solution for putting people and projects together across the labor supply chain. |
| Offering Information Company has | |||
| Trading As | OPUS (NASNTL) | Industry | High-Tech (SIC 7389) |
| Type of Stock Offered | Common Shares | Filing Date | 12/21/99 |
| Domestic Shares Offered | 7,700,000 | Offer Date | 4/6/00 |
| Foreign Shares Offered | 0 | Filing Range | $9.00 - $11.00 |
| Company Shares | 7,700,000 | Offer Price | $10.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $0.700 |
| Gross Proceeds | $77,000,000 | Selling | $0.420 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 49,970,000 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Robertson, Stephens & Company | Lead Manager | (415) 989-8500 |
| Bear, Stearns & Co. Inc. | Co-manager | (212) 272-4850 |
| E*OFFERING Corp. | Co-manager | (415) 835-1560 |
| J.P. Morgan & Co. | Co-manager | (212) 648-0517 |
| 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 | - | - | - | - | - | - | 0.241 |
| Income from Oper. | - | - | - | - | -1.041 | - | -12.773 |
| Net Income | - | - | - | - | -1.035 | - | -12.495 |
| E.P.S | - | - | - | - | -0.170 | - | -1.890 |
| Revenue Growth (%) | - | - | - | - | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -0.32 | - | -7.17 | ||||
| Cash Flow - Inv. | -0.06 | - | -37.99 | ||||
| Cash Flow - Fin. | 6.19 | - | 42.89 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 9/30/99 | Financial Ratios | ||||
| Total Assets | 46.85 | Current Assets | 43.99 | Current Ratio | 6.89 |
| Total Liab. | 7.61 | Current Liab. | 6.38 | Debt Ratio | 16.24% |
| Total Equity | 39.24 | Working Cap. | 37.60 | Debt to Equity Ratio | 0.19 |
| Cash | 3.55 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for general corporate purposes including working capital, capital expenditures, expanding our sales and marketing staffs, marketing our brands and potential acquisitions or of technology, products or businesses which may be complementary to our business. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | O'Sullivan Graev & Karaball, L.LP |
| Bank's Law Firm | Morrison & Foerster |
| Registrar/Transfer Agent | American Stock Transfer & Trust Co |
| Auditor | KPMG LLC |
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| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| Safeguard Scientifics, Inc. | 14.96 | |
| CrossPoint Venture Partners L.P. | 11.10 | |
| Ari B. Horowitz | 10.76 | |
| Wheatley Partners, L.L.C. | 8.41 | |
| Note: represents ownership of 5% or more prior to the offering. | ||