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| ChangePoint Corporation |
| 1595 Sixteenth Avenue, Suite 700, Richmond Hill, Canada L4B 3N9 * (905) 886-7000 |
| Business Description | The company provides Web-based software and an online exchange, MyChangepoint.com, which enable their customers to effectively manage the entire information technology, or IT, services delivery process. |
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Filing Information Not yet | |||
| To Trade As | CPNT (NASNTL) | Industry | Internet (SIC 7372) |
| Type of Stock Offered | Common Shares | Filing Date | 3/8/00 |
| Domestic Shares Filed | 5,000,000 | Filing Range | $8.00 - $10.00 |
| Foreign Shares Filed | 0 | Offering Amount | $45,000,000 |
| Company Shares | 5,000,000 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | 24,100,000 |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Donaldson, Lufkin & Jenrette Securities Corp. | Lead Manager | (212) 371-0641 |
| CIBC World Markets | Co-manager | (212) 667-7400 |
| DLJDirect, Inc. | Co-manager | (800) 825-5723 |
| 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 | 6 Months Ending | ||||||
| Figures in U.S. millions except per share data | 7/31/97 | 7/31/98 | 7/31/99 | 1/31/99 | 1/31/00 | ||
| Revenues | - | - | 2.930 | 3.807 | 5.937 | 2.588 | 3.938 |
| Income from Oper. | - | - | -1.300 | -1.421 | -0.664 | -0.295 | -2.925 |
| Net Income | - | - | -1.117 | -1.347 | -0.384 | -0.285 | -2.772 |
| E.P.S | - | - | - | - | -0.020 | - | -0.110 |
| Revenue Growth (%) | - | - | 29.93 | 55.950 | 52.16 | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -1.23 | -0.87 | -1.67 | ||||
| Cash Flow - Inv. | 0.00 | -0.02 | -4.23 | ||||
| Cash Flow - Fin. | 4.14 | -0.03 | 1.51 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 1/31/00 | Financial Ratios | ||||
| Total Assets | 8.60 | Current Assets | 7.74 | Current Ratio | 3.49 |
| Total Liab. | 8.71 | Current Liab. | 2.22 | Debt Ratio | 101.27% |
| Total Equity | -0.11 | Working Cap. | 5.52 | Debt to Equity Ratio | - |
| Cash | 0.35 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to fund sales and marketing activities, research and development expenditures, working capital and other general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Skadden, Arps, Slate, Meagher & Flom |
| Bank's Law Firm | Goodwin Procter & Hoar |
| Registrar/Transfer Agent | American Securities Transfer and Trust |
| Auditor | KPMG LLC |
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| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| The Vengrowth Investment Fund, Inc. | 24.60 | |
| JMI Equity Fund (Barbados) SRL | 15.50 | |
| Paul Edwards | 12.00 | |
| Note: represents ownership of 5% or more prior to the offering. | ||