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| Birch Telecom, Inc. |
| 2020 Baltimore Avenue, Kansas City, MO 64108 * (816) 300-3000 |
| Business Description | The company is a rapidly growing integrated communications provider. The company seeks to become the leading provider of telecommunications services for small and mid-sized businesses in each of the cities that they serve. |
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Filing Information IPO has been | |||
| To Trade As | BRCH (NASNTL) | Industry | Telecommunications (SIC 4813) |
| Type of Stock Offered | Common Shares | Filing Date | 3/23/00 |
| Domestic Shares Filed | 12,500,000 | Filing Range | $15.00 - $17.00 |
| Foreign Shares Filed | 0 | Offering Amount | $200,000,000 |
| Company Shares | 12,500,000 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | 95,200,000 |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Lehman Brothers Incorporated | Lead Manager | (212) 526-8100 |
| Donaldson, Lufkin & Jenrette Securities Corp. | Co-manager | (212) 371-0641 |
| Fidelity Capital Markets | Co-manager | |
| First Union Capital Markets Corp. | Co-manager | (804) 649-2311 |
| J.P. Morgan & Co. | Co-manager | (212) 648-0517 |
| 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 | 12/31/95 | 12/31/96 | 12/31/97 | 12/31/98 | 12/31/99 | ||
| Revenues | 12.226 | 13.217 | 16.801 | 26.087 | 60.538 | - | - |
| Income from Oper. | 0.233 | 0.596 | 0.551 | -10.876 | -49.693 | - | - |
| Net Income | 0.094 | 0.289 | 0.268 | -16.208 | -61.804 | - | - |
| E.P.S | - | - | - | -4.710 | -13.250 | - | - |
| Revenue Growth (%) | 8.11 | 27.12 | 55.27 | 132.062 | - | ||
| Net Income Growth (%) | 207.45 | -7.27 | - | - | - | ||
| Oper. Profit Margin (%) | 1.91 | 4.51 | 3.28 | - | - | - | - |
| Net Profit Margin (%) | 0.77 | 2.19 | 1.60 | - | - | - | - |
| Cash Flow - Oper. | -53.23 | - | - | ||||
| Cash Flow - Inv. | -31.80 | - | - | ||||
| Cash Flow - Fin. | 50.33 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 12/31/99 | Financial Ratios | ||||
| Total Assets | 146.97 | Current Assets | 38.78 | Current Ratio | 1.53 |
| Total Liab. | 214.73 | Current Liab. | 25.39 | Debt Ratio | 146.10% |
| Total Equity | -67.76 | Working Cap. | 13.39 | Debt to Equity Ratio | - |
| Cash | 5.05 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to fund capital expenditures and operating losses and for general corporate purposes including possible future investments, acquisitions or strategic alliances. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Latham & Watkins |
| Bank's Law Firm | Simpson, Thacher & Bartlett |
| Registrar/Transfer Agent | UMB Bank N.A. MO |
| Auditor | Ernst & Young |
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| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| BTI Ventures L.L.C. | 51.20 | |
| News-Press & Gazette Company | 7.49 | |
| Note: represents ownership of 5% or more prior to the offering. | ||