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Buildnet, Inc.
4813 Emperor Boulevard, Suite 130, Durham, NC 27703 * (919) 941-6269
Business Description The company is a business-to-business e-commerce solution for the residential construction industry.
Filing
Information

Not yet
public

To Trade As  BNET (NASNTL) Industry  Internet (SIC 7389)
Type of Stock Offered Common Shares Filing Date  3/20/00
Domestic Shares Filed 0 Filing Price  - -
Foreign Shares Filed  0 Offering Amount  $200,000,000
Company Shares  0 Est. Expenses  - -
Selling Shrhldrs Shares  0 Post-IPO Shares  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
CS First Boston Lead Manager (212) 325-2000
Robertson, Stephens & Company Co-manager (415) 989-8500
Salomon Smith Barney Co-manager (212) 723-7300
Thomas Weisel Partners LLC Co-manager (415) 364-2500
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   12/31/96 12/31/97 12/31/98 12/31/99    
Revenues   - 0.388 4.257 4.506 14.601 - -
Income from Oper.   - -0.264 -1.378 -3.029 -17.986 - -
Net Income   - -0.275 -1.666 -3.346 -28.529 - -
E.P.S   - -0.010 -0.080 -0.170 -0.840 - -
Revenue Growth (%)      - 997.16 5.85 224.035   -
Net Income Growth (%)      - - - -   -
Oper. Profit Margin (%)    - - - - - - -
Net Profit Margin (%)    - - - - - - -
Cash Flow - Oper.     -13.39 - -
Cash Flow - Inv.     -37.55 - -
Cash Flow - Fin.     102.56 - -
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 12/31/99 Financial Ratios
Total Assets    134.73 Current Assets    81.53 Current Ratio    5.81
Total Liab.    163.50 Current Liab.    14.03 Debt Ratio    121.36%
Total Equity    -28.78 Working Cap.    67.50 Debt to Equity Ratio    -
Cash    51.87    Return on Assets   -
Use Of
Proceeds
The proceeds from the proposed offering will be used for general corporate purposes, potential acquisitions and repayment of NxTrend notes.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Wyrick, Robbins, Yates & Ponton
Bank's Law Firm  Davis, Polk & Wardwell
Auditor  Pricewaterhouse Coopers LLC
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Principal
Shareholders
Name of Shareholder% Owned
Before
% Owned
After
Keith T. Brown 19.45  
GE Capital Equity Investments, Inc. 15.89  
SGC Partners II LLC 8.95  
Covestco-Seteura, LLC 6.38  
Southeast Interactive Technology Funds 6.00  
Norvell E. Miller, IV 6.00  
Note: represents ownership of 5% or more prior to the offering.

Last updated: 5/29/00 12:56:04 AM
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