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| GoAmerica, Inc. |
| 401 Hackensack Avenue, Hackensack, NJ 07601 * (201) 996-1717 |
| Business Description | The company is a leading provider of nationwide wireless Internet services, also known as wireless ISP services. |
| Offering Information Company has | |||
| Trading As | GOAM (NASNTL) | Industry | Telecommunications (SIC 4812) |
| Type of Stock Offered | Common Shares | Filing Date | 1/18/00 |
| Domestic Shares Offered | 10,000,000 | Offer Date | 4/6/00 |
| Foreign Shares Offered | 0 | Filing Range | $14.00 - $16.00 |
| Company Shares | 10,000,000 | Offer Price | $16.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $1.120 |
| Gross Proceeds | $160,000,000 | Selling | $0.670 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 47,100,000 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Bear, Stearns & Co. Inc. | Lead Manager | (212) 272-4850 |
| Chase H&Q; | Co-manager | (415) 439-3626 |
| DLJDirect, Inc. | Co-manager | (800) 825-5723 |
| SoundView Financial Group, Inc. | Co-manager | (203) 462-7242 |
| 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 | 12/31/96 | 12/31/97 | 12/31/98 | 9/30/98 | 9/30/99 | ||
| Revenues | - | - | - | 0.173 | 0.827 | 0.479 | 1.481 |
| Income from Oper. | - | - | - | - | - | - | - |
| Net Income | - | - | -0.221 | -1.046 | -2.577 | -1.679 | -6.202 |
| E.P.S | - | - | -0.130 | -0.520 | -1.120 | -0.740 | -2.330 |
| Revenue Growth (%) | - | - | - | 378.035 | 209.19 | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -2.22 | -1.50 | -3.97 | ||||
| Cash Flow - Inv. | -0.50 | -0.34 | -0.60 | ||||
| Cash Flow - Fin. | 4.65 | 3.98 | 9.93 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 9/30/99 | Financial Ratios | ||||
| Total Assets | 9.42 | Current Assets | 8.28 | Current Ratio | 3.18 |
| Total Liab. | 12.56 | Current Liab. | 2.61 | Debt Ratio | 133.30% |
| Total Equity | -3.14 | Working Cap. | 5.68 | Debt to Equity Ratio | - |
| Cash | 7.32 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for working capital, capital expenditures and general corporate purposes including acquiring and implementing new operational and financial systems, expanding sales and marketing activities and possible future acquisitions.. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Buchanan Ingersoll |
| Bank's Law Firm | Sidley & Austin |
| Registrar/Transfer Agent | American Stock Transfer & Trust Co |
| Auditor | Ernst & Young |
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| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| Aaron Dobrinsky | 26.40 | |
| CIBC WMV Inc. | 18.10 | |
| Joseph Korb | 13.60 | |
| Dobrinsky Family Holdings, L.P. | 12.90 | |
| Dobrinsky Business Holdings, L.P. | 7.70 | |
| Korb Business Holdings, L.P. | 6.50 | |
| Note: represents ownership of 5% or more prior to the offering. | ||