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| Yak Communications (USA), Inc. |
| 55 Town Centre Court, Suite 506, Toronto, Canada M1P 4X4 * (416) 296-7111 |
| Business Description | The company will develop and offer international long distance discount services to medium and small-sized businesses and residential customers with an initial emphasis on targeting those ethnic markets that make a significant amount of international long distance calls. |
|
Filing Information Not yet | |||
| To Trade As | - - (AMEX) | Industry | Service (SIC 7389) |
| Type of Stock Offered | Common Shares | Filing Date | 12/29/1999 |
| Domestic Shares Filed | 1,500,000 | Filing Price | $7.50 |
| Foreign Shares Filed | 0 | Offering Amount | $11,250,000 |
| Company Shares | 1,500,000 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Non Underwritten Offering | Lead Manager |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 3 Months Ending | ||||||
| Figures in U.S. millions except per share data | 06/30/1999 | 09/30/1999 | |||||
| Revenues | - | - | - | - | - | - | 0.561 |
| Income from Oper. | - | - | - | - | - | - | - |
| Net Income | - | - | - | - | -0.145 | - | -0.252 |
| E.P.S | - | - | - | - | -0.040 | - | -0.070 |
| Revenue Growth (%) | - | - | - | - | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -0.16 | - | -0.01 | ||||
| Cash Flow - Inv. | -0.66 | - | -0.10 | ||||
| Cash Flow - Fin. | 0.84 | - | 0.19 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 09/30/1999 | Financial Ratios | ||||
| Total Assets | 1.17 | Current Assets | 0.28 | Current Ratio | 0.41 |
| Total Liab. | 0.77 | Current Liab. | 0.69 | Debt Ratio | 66.11% |
| Total Equity | 0.39 | Working Cap. | -0.41 | Debt to Equity Ratio | 1.95 |
| Cash | 0.12 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Adorno & Zeder |
| Registrar/Transfer Agent | Nevada Transfer and Trust Company |
| Auditor | Edward Isaacs & Company, LLP |
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