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Vastera, Inc.
45025 Aviation Drive, Suite 200, Dulles, VA 20166 * (703) 661-9006
Business Description The company is a leading provider of solutions for global trade management.
Offering
Information

Company has
gone public

Trading As  VAST (NASNTL) Industry  High-Tech (SIC 7373)
Type of Stock Offered  Common Shares Filing Date  4/6/00
Domestic Shares Offered  6,000,000 Offer Date  9/27/00
Foreign Shares Offered  0 Filing Range  $11.00 - $13.00
Company Shares  6,000,000 Offer Price  $14.00
Selling Shrhldrs Shares  0 Gross Spread  $0.980
Gross Proceeds  $84,000,000 Selling  $0.580
Expenses  - - Reallowance  $0.100
Post-IPO Shares  34,457,508 Employees  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Deutsch Banc Alex. Brown Lead Manager (410) 727-1700
Banc of America Securities LLC Co-manager (415) 627-2100
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   1.037 2.139 3.745 8.866 19.130 - -
Income from Oper.   -0.758 -3.079 -9.209 -8.099 -10.660 - -
Net Income   -0.783 -3.086 -9.307 -8.256 -10.479 - -
E.P.S   - - - - -0.640 - -
Revenue Growth (%)      106.27 75.08 136.74 115.768   -
Net Income Growth (%)      - - - -   -
Oper. Profit Margin (%)    - - - - - - -
Net Profit Margin (%)    - - - - - - -
Cash Flow - Oper.     -5.71 - -
Cash Flow - Inv.     -4.96 - -
Cash Flow - Fin.     3.84 - -
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 12/31/99 Financial Ratios
Total Assets    17.15 Current Assets    10.92 Current Ratio    0.74
Total Liab.    67.08 Current Liab.    14.75 Debt Ratio    391.09%
Total Equity    -49.93 Working Cap.    -3.83 Debt to Equity Ratio    -
Cash    0.96    Return on Assets   -
Use Of
Proceeds
The proceeds from the proposed offering will be used for general corporate purposes principally working capital and possible acquisitions.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Brobeck, Phleger & Harrison
Bank's Law Firm  Ropes & Gray
Registrar/Transfer Agent  ChaseMellon Shareholder Services, L.L.C.
Auditor  Arthur Andersen
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Principal
Shareholders
Name of Shareholder% Owned
Before
% Owned
After
Battery Ventures III, L.P. 20.90  
Technology Crossover Ventures and its affiliates 12.10  
Teachers Insurance and Annuity Association of America 10.30  
MSD Portfolio Capital, l.P. and its affiliates 7.30  
FedEx Corporation 6.30  
Vertex Technology Fund Pte. Ltd. And its affiliate 5.60  
RRE Investors, L.P. and its affiliates 5.50  
Note: represents ownership of 5% or more prior to the offering.

Last updated: 10/8/00 6:57:11 PM
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