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| Delano Technology Corporation |
| 40 West Wilmot Street, Richmond Hill, Canada L4B 1H8 * (905) 764-5499 |
| Business Description | The company provides communications software that enables companies to use e-mail and the internet to automate business processes and to personalize and manage interactions with their existing and prospective customers, partners, suppliers and employees. |
| Offering Information Company has | |||
| Trading As | DTEC (NASNTL) | Industry | Internet (SIC 7372) |
| Type of Stock Offered | Common Shares | Filing Date | 1/12/00 |
| Domestic Shares Offered | 5,000,000 | Offer Date | 2/8/00 |
| Foreign Shares Offered | 0 | Filing Range | $14.00 - $16.00 |
| Company Shares | 5,000,000 | Offer Price | $18.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $1.260 |
| Gross Proceeds | $90,000,000 | Selling | $0.760 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 28,424,598 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Robertson, Stephens & Company | Lead Manager | (415) 989-8500 |
| CIBC World Markets | Co-manager | (212) 667-7400 |
| U.S. Bancorp Piper Jaffray | Co-manager | (612) 342-6220 |
| 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 | 12/31/99 | |||||
| Revenues | - | - | - | - | - | - | 5.061 |
| Income from Oper. | - | - | - | - | - | - | -4.600 |
| Net Income | - | - | - | - | -0.677 | - | -4.458 |
| E.P.S | - | - | - | - | -0.160 | - | -0.190 |
| Revenue Growth (%) | - | - | - | - | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -0.68 | - | -4.16 | ||||
| Cash Flow - Inv. | -0.14 | - | -0.46 | ||||
| Cash Flow - Fin. | 0.99 | - | 14.25 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 12/31/99 | Financial Ratios | ||||
| Total Assets | 16.59 | Current Assets | 15.41 | Current Ratio | 4.78 |
| Total Liab. | 22.05 | Current Liab. | 3.23 | Debt Ratio | 132.90% |
| Total Equity | -5.46 | Working Cap. | 12.19 | Debt to Equity Ratio | - |
| Cash | 11.94 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to fund sales and marketing activities, research and development and working capital and other general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Skadden, Arps, Slate, Meagher & Flom |
| Bank's Law Firm | Foley Hoag & Eliot |
| Registrar/Transfer Agent | Montreal Trust Company of Canada |
| Auditor | KPMG LLC |
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| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| XDL Delano Holdings Inc | 43.26 | |
| Bahman Koohestani | 16.65 | |
| John Foresi | 5.96 | |
| Note: represents ownership of 5% or more prior to the offering. | ||