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| Next Generation Network, Inc. |
| 11010 Prairie Lakes Drive, Suite 300, Minneapolis, MN 55344 * (612) 944-7944 |
| Business Description | The company is the leader in the emerging digital out-of-home advertising industry. The company is currently implementing a rapid build-out of the world's largest network of digital video advertising displays, which are called E*billboards. |
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Filing Information IPO has been | |||
| To Trade As | - - (NASNTL) | Industry | Internet (SIC 7319) |
| Type of Stock Offered | Common Shares | Filing Date | 3/1/00 |
| Domestic Shares Filed | 0 | Filing Price | - - |
| Foreign Shares Filed | 0 | Offering Amount | $100,000,000 |
| Company Shares | 0 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| CS First Boston | Lead Manager | (212) 325-2000 |
| Banc of America Securities LLC | Co-manager | (415) 627-2100 |
| CIBC World Markets | Co-manager | (212) 667-7400 |
| Friedman, Billings, Ramsey & Co., Inc. | Co-manager | (703) 312-9571 |
| 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 | - | - | 1.827 | 2.590 | 5.501 | - | - |
| Income from Oper. | - | - | -6.221 | -14.732 | -22.248 | - | - |
| Net Income | - | - | -8.019 | -22.179 | -32.867 | - | - |
| E.P.S | - | - | -3.010 | -8.330 | -12.340 | - | - |
| Revenue Growth (%) | - | - | 41.74 | 112.430 | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -18.42 | - | - | ||||
| Cash Flow - Inv. | -5.87 | - | - | ||||
| Cash Flow - Fin. | -0.02 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 12/31/99 | Financial Ratios | ||||
| Total Assets | 17.72 | Current Assets | 2.01 | Current Ratio | 0.26 |
| Total Liab. | 76.77 | Current Liab. | 7.60 | Debt Ratio | 433.34% |
| Total Equity | -59.05 | Working Cap. | -5.59 | Debt to Equity Ratio | - |
| Cash | 0.40 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to fund capital expenditures related to the purchase and installation of our E*billboards, over the next two years, as well as for working capital and for general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Akin, Gump, Strauss, Hauer & Feld |
| Bank's Law Firm | Cahill Gordon & Reindel |
| Registrar/Transfer Agent | American Stock Transfer & Trust Co |
| Auditor | McGladrey & Pullen |
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| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| Nevada Bond Investment Corp. II | 36.00 | |
| John Strauss | 7.10 | |
| Note: represents ownership of 5% or more prior to the offering. | ||