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| Digital Work.com, Inc. |
| 230 West Monroe Street, Suite 1950, Chicago, IL 60606 * (312) 261-4000 |
| Business Description | The company is a leading provider of web-based business services to the small business market. |
|
Filing Information IPO has been | |||
| To Trade As | DWRK (NASNTL) | Industry | Internet (SIC 7389) |
| Type of Stock Offered | Common Shares | Filing Date | 2/1/00 |
| Domestic Shares Filed | 6,250,000 | Filing Range | $11.00 - $13.00 |
| Foreign Shares Filed | 0 | Offering Amount | $75,000,000 |
| Company Shares | 6,250,000 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Lehman Brothers Incorporated | Lead Manager | (212) 526-8100 |
| Prudential Volpe Technology | Co-manager | (415) 274-4463 |
| 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 | - - Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/98 | 12/31/99 | |||||
| Revenues | - | - | - | 0.033 | 1.917 | - | - |
| Income from Oper. | - | - | - | -1.483 | -15.645 | - | - |
| Net Income | - | - | - | -1.467 | -15.317 | - | - |
| E.P.S | - | - | - | -6.130 | -15.540 | - | - |
| Revenue Growth (%) | - | - | - | 5,709.091 | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -10.75 | - | - | ||||
| Cash Flow - Inv. | -0.35 | - | - | ||||
| Cash Flow - Fin. | 43.46 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 12/31/99 | Financial Ratios | ||||
| Total Assets | 38.92 | Current Assets | 36.26 | Current Ratio | 10.44 |
| Total Liab. | 5.74 | Current Liab. | 3.47 | Debt Ratio | 14.74% |
| Total Equity | 33.18 | Working Cap. | 32.79 | Debt to Equity Ratio | 0.17 |
| Cash | 33.75 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for general corporate purposes including working capital to fund operating losses and capital expenditures. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Freeborn & Peters |
| Bank's Law Firm | Morgan, Lewis & Bockius |
| Registrar/Transfer Agent | ChaseMellon Shareholder Services, L.L.C. |
| Auditor | Ernst & Young |
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| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| Draper Fisher Jurvetson | 23.90 | |
| TL Ventures | 16.90 | |
| Attractor Capital Management | 6.40 | |
| Note: represents ownership of 5% or more prior to the offering. | ||