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| Exhaust Technologies, Inc. |
| 230 North Division, Spokane, WA 99202 * (509) 838-4401 |
| Business Description | The company is a development stage business formed under the laws of the state of Washington on July 21, 1998, to develop, manufacture and market two automotive devices. The two automotive devices we intend to develop, manufacture and market are the Turbolator and the Pneumatic Hand Tool Exhaust Muffler. Both devices are expected to be available for sale by March 2000. |
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Filing Information Not yet | |||
| To Trade As | EXHS (OTC) | Industry | Manufacturing (SIC 3363) |
| Type of Stock Offered | Common Shares | Filing Date | 2/22/00 |
| Domestic Shares Filed | 1,000,000 | Filing Price | $5.10 |
| Foreign Shares Filed | 0 | Offering Amount | $5,100,000 |
| Company Shares | 1,000,000 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | 4,000,000 |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Castle Securities Corp. | Lead Manager | (516) 868-2000 |
| 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 | 10/31/99 | ||||||
| Revenues | - | - | - | - | - | - | 0.000 |
| Income from Oper. | - | - | - | - | - | - | -0.099 |
| Net Income | - | - | - | - | - | - | -0.102 |
| E.P.S | - | - | - | - | - | - | -0.020 |
| Revenue Growth (%) | - | - | - | - | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | - | - | -0.12 | ||||
| Cash Flow - Inv. | - | - | -0.07 | ||||
| Cash Flow - Fin. | - | - | -0.06 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 10/31/99 | Financial Ratios | ||||
| Total Assets | 0.15 | Current Assets | 0.04 | Current Ratio | 0.19 |
| Total Liab. | 0.22 | Current Liab. | 0.22 | Debt Ratio | 143.65% |
| Total Equity | -0.07 | Working Cap. | -0.18 | Debt to Equity Ratio | - |
| Cash | 0.00 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to pay for production of inventory and working capital. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Lysiak, Conrad C. |
| Bank's Law Firm | Beers, Robert C. |
| Registrar/Transfer Agent | American Securities Transfer and Trust |
| Auditor | BDO Seidman |
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| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| Robert Sterling | 65.18 | |
| Note: represents ownership of 5% or more prior to the offering. | ||
| Warrant Information | |||||||||||||||||||||||||||||||||||||||||
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