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| RTS Wireless, Inc. |
| 51 East Bethpage Road, Plainview, NY 11803 * (516) 939-6655 |
| Business Description | The company is a leading developer of adaptable software systems that connect the Internet to a wide array of evolving wireless devices, including virtually all cell phones. |
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Filing Information IPO has been | |||
| To Trade As | RTSW (NASNTL) | Industry | High-Tech (SIC 7372) |
| Type of Stock Offered | Common Shares | Filing Date | 3/30/00 |
| Domestic Shares Filed | 0 | Filing Price | - - |
| Foreign Shares Filed | 0 | Offering Amount | $75,000,000 |
| Company Shares | 0 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Salomon Smith Barney | Lead Manager | (212) 723-7300 |
| Chase H&Q; | Co-manager | (415) 439-3626 |
| 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 | 1.579 | 2.927 | 4.188 | 5.559 | 8.341 | - | - |
| Income from Oper. | 0.008 | 0.854 | 0.678 | -0.428 | -3.455 | - | - |
| Net Income | 0.012 | 0.861 | 0.681 | -0.425 | -4.044 | - | - |
| E.P.S | 0.000 | 0.100 | 0.080 | -0.050 | -0.470 | - | - |
| Revenue Growth (%) | 85.37 | 43.08 | 32.74 | 50.045 | - | ||
| Net Income Growth (%) | 7,075.00 | -20.91 | - | - | - | ||
| Oper. Profit Margin (%) | 0.51 | 29.18 | 16.19 | - | - | - | - |
| Net Profit Margin (%) | 0.76 | 29.42 | 16.26 | - | - | - | - |
| Cash Flow - Oper. | -0.39 | - | - | ||||
| Cash Flow - Inv. | -0.23 | - | - | ||||
| Cash Flow - Fin. | 0.72 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 12/31/99 | Financial Ratios | ||||
| Total Assets | 2.95 | Current Assets | 2.57 | Current Ratio | 0.92 |
| Total Liab. | 2.78 | Current Liab. | 2.78 | Debt Ratio | 94.34% |
| Total Equity | 0.17 | Working Cap. | -0.22 | Debt to Equity Ratio | 16.67 |
| Cash | 0.35 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for increased sales and marketing expenditures; increased research and development expenditures; expansion of our facilities; potential future acquisitions; and working capital and other general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Parker Chapin Flattau & Klimpl |
| Bank's Law Firm | Cahill Gordon & Reindel |
| Registrar/Transfer Agent | Continental Stock Transfer & Trust Co |
| Auditor | Ernst & Young |
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