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BlueStar Communications Group, Inc.
414 Union Street, Suite 900, Nashville, TN 37219 * (615) 255-2100
Business Description The company is a leading provider of broadband communications and Internet services to small and medium sized businesses in Tier II and Tier III markets, which encompass cities with populations less than 1.5 million.
Filing
Information

IPO has been
withdrawn

To Trade As  BLST (NASNTL) Industry  Telecommunications (SIC 4813)
Type of Stock Offered Common Shares Filing Date  1/28/00
Domestic Shares Filed 14,000,000 Filing Range  $11.50 - $13.50
Foreign Shares Filed  0 Offering Amount  $175,000,000
Company Shares  14,000,000 Est. Expenses  - -
Selling Shrhldrs Shares  0 Post-IPO Shares  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
CS First Boston Lead Manager (212) 325-2000
Deutsch Banc Alex. Brown Co-manager (410) 727-1700
Donaldson, Lufkin & Jenrette Securities Corp. Co-manager (212) 371-0641
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 - - Months Ending
Figures in U.S. millions except per share data       12/31/98 12/31/99    
Revenues   - - - 0.012 0.771 - -
Income from Oper.   - - - -0.718 -19.347 - -
Net Income   - - - -0.718 -18.805 - -
E.P.S   - - - -0.070 -2.100 - -
Revenue Growth (%)      - - - 6,272.275   -
Net Income Growth (%)      - - - -   -
Oper. Profit Margin (%)    - - - - - - -
Net Profit Margin (%)    - - - - - - -
Cash Flow - Oper.     -12.84 - -
Cash Flow - Inv.     -12.02 - -
Cash Flow - Fin.     37.27 - -
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 12/31/99 Financial Ratios
Total Assets    26.51 Current Assets    13.48 Current Ratio    1.71
Total Liab.    45.39 Current Liab.    7.87 Debt Ratio    171.24%
Total Equity    -18.88 Working Cap.    5.61 Debt to Equity Ratio    -
Cash    12.90    Return on Assets   -
Use Of
Proceeds
The proceeds from the proposed offering will be used to continue deploying our network, and for working capital, operating expenses and other general corporate purposes.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Brobeck, Phleger & Harrison
Bank's Law Firm  Cravath, Swaine & Moore
Auditor  Arthur Andersen
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Principal
Shareholders
Name of Shareholder% Owned
Before
% Owned
After
Crosspoint Venture Partners 46.40  
Scott E. Kozicki 8.90  
Grammercy BlueStar, L.P. 8.20  
Richard L. Burtner 6.20  
Robert E. Dupuis 5.80  
Note: represents ownership of 5% or more prior to the offering.

Last updated: 6/25/00 10:48:39 PM
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