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| Primis, Inc. |
| 11475 Great Oaks Way, Suite 320, Alpharetta, GA 30022 * (770) 777-8600 |
| Business Description | The company is a leading business-to-business web-based provider of property information services in the United States. We provide appraisals, home inspections, title services, flood determinations, energy audits, valuation tools and other related property information services. |
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Filing Information IPO has been | |||
| To Trade As | PRMZ (NASNTL) | Industry | Financial (SIC 6531) |
| Type of Stock Offered | Common Shares | Filing Date | 1/20/00 |
| Domestic Shares Filed | 6,200,000 | Filing Range | $11.00 - $13.00 |
| Foreign Shares Filed | 0 | Offering Amount | $74,400,000 |
| Company Shares | 6,200,000 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Bear, Stearns & Co. Inc. | Lead Manager | (212) 272-4850 |
| J.C. Bradford & Co. | Co-manager | (615) 748-9347 |
| 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 | - | - | 1.922 | 4.155 | 14.356 | 8.718 | 17.824 |
| Income from Oper. | - | - | -1.116 | 2.858 | -1.546 | -1.241 | -7.083 |
| Net Income | - | - | -1.101 | -1.199 | -1.415 | -1.154 | -7.046 |
| E.P.S | - | - | -1.120 | -0.430 | -0.290 | -0.280 | -1.030 |
| Revenue Growth (%) | - | - | 116.18 | 245.511 | 104.45 | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | 68.78 | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -1.94 | -1.95 | -5.38 | ||||
| Cash Flow - Inv. | -4.30 | -2.72 | -4.45 | ||||
| Cash Flow - Fin. | 9.24 | 8.91 | 7.03 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 9/30/99 | Financial Ratios | ||||
| Total Assets | 19.63 | Current Assets | 5.53 | Current Ratio | 1.01 |
| Total Liab. | 13.85 | Current Liab. | 5.47 | Debt Ratio | 70.55% |
| Total Equity | 5.78 | Working Cap. | 0.06 | Debt to Equity Ratio | 2.40 |
| Cash | 0.88 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to fund further development of our technology and infrastructure, acquisitions, sales and marketing activities, repayment of indebtedness and working capital and general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Powell, Goldstein, Frazer & Murphy |
| Bank's Law Firm | Morris, Manning & Martin |
| Registrar/Transfer Agent | First Union National Bank North Carolina |
| Auditor | Pricewaterhouse Coopers LLC |
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| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| Chrysalis Ventures Limited Partnership | 17.00 | |
| Richland Ventures II, L.P. | 11.80 | |
| Moore Global Investments, Ltd. | 11.80 | |
| Windcrest Partners | 10.60 | |
| South Atlantic Private Equity Fund IV, Limited Partnership | 10.50 | |
| Note: represents ownership of 5% or more prior to the offering. | ||