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| MGi2, Inc. |
| 9821 Katy Freeway, Suite 500, Houston, TX 77024 * (800) 315-6979 |
| Business Description | The company's primary business focus is to create or identify, and then incubate and grow, businesses that aim to capitalize on the expected growth of business to business, or B2B, e-commerce. |
|
Filing Information Not yet | |||
| To Trade As | MGE (AMEX) | Industry | Financial (SIC 6799) |
| Type of Stock Offered | Common Shares | Filing Date | 2/1/00 |
| Domestic Shares Filed | 1,900,000 | Filing Range | $7.00 - $9.00 |
| Foreign Shares Filed | 0 | Offering Amount | $15,200,000 |
| Company Shares | 1,900,000 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Capital West Securities, Inc. | Lead Manager | (405) 235-5720 |
| Westport Resources Investment Services, Inc. | Co-manager | (800) 935-0222 |
| 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 | 12/31/97 | 12/31/98 | 12/31/99 | ||||
| Revenues | - | - | 2.466 | 2.824 | 1.083 | - | - |
| Income from Oper. | - | - | - | - | - | - | - |
| Net Income | - | - | 0.522 | 0.137 | -0.297 | - | - |
| E.P.S | - | - | 0.340 | 0.090 | -0.200 | - | - |
| Revenue Growth (%) | - | - | 14.52 | -61.650 | - | ||
| Net Income Growth (%) | - | - | -73.75 | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | 21.17 | 4.85 | - | - | - |
| Cash Flow - Oper. | -0.13 | - | - | ||||
| Cash Flow - Inv. | -0.03 | - | - | ||||
| Cash Flow - Fin. | - | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 12/31/99 | Financial Ratios | ||||
| Total Assets | 1.16 | Current Assets | - | Current Ratio | - |
| Total Liab. | 0.54 | Current Liab. | 0.54 | Debt Ratio | 46.33% |
| Total Equity | 0.62 | Working Cap. | - | Debt to Equity Ratio | 0.86 |
| Cash | 0.22 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to invest in client enterprises, to repay indebtedness, to provide capital reserves for regulatory capital requirements and for general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Andrews & Kurth |
| Bank's Law Firm | Conner & Winters |
| Registrar/Transfer Agent | Self Administered |
| Auditor | Arthur Andersen |
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