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| WorldRes.com, Inc. |
| 1510 Fashion Island Boulevard, Suite 100, San Mateo, CA 94404 * (650) 372-1700 |
| Business Description | The company provides a leading business-to-business e-commerce solution for online marketing and reservations to the highly fragmented global hotel industry. |
|
Filing Information Not yet | |||
| To Trade As | WRES (NASNTL) | Industry | Internet (SIC 4724) |
| Type of Stock Offered | Common Shares | Filing Date | 4/7/00 |
| Domestic Shares Filed | 0 | Filing Price | - - |
| Foreign Shares Filed | 0 | Offering Amount | $60,000,000 |
| Company Shares | 0 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Robertson, Stephens & Company | Lead Manager | (415) 989-8500 |
| J.P. Morgan & Co. | Co-manager | (212) 648-0517 |
| Prudential Volpe Technology | Co-manager | (415) 274-4463 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 3 Months Ending | ||||||
| Figures in U.S. millions except per share data | 9/30/96 | 9/30/97 | 9/30/98 | 9/30/99 | 12/31/98 | 12/31/99 | |
| Revenues | - | 0.003 | 0.071 | 0.456 | 1.728 | 0.256 | 0.658 |
| Income from Oper. | - | -1.759 | -4.283 | -6.231 | -13.602 | -2.095 | -9.282 |
| Net Income | - | -1.796 | -4.350 | -6.147 | -13.489 | -2.075 | -9.170 |
| E.P.S | - | -12.710 | -10.770 | -10.800 | -18.030 | -3.120 | -4.310 |
| Revenue Growth (%) | - | 2,266.67 | 542.25 | 278.947 | 157.03 | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -11.68 | -1.74 | -6.75 | ||||
| Cash Flow - Inv. | -1.47 | -0.04 | -2.19 | ||||
| Cash Flow - Fin. | 12.79 | 0.09 | 28.67 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 12/31/99 | Financial Ratios | ||||
| Total Assets | 36.37 | Current Assets | 26.65 | Current Ratio | 5.65 |
| Total Liab. | 5.36 | Current Liab. | 4.71 | Debt Ratio | 14.73% |
| Total Equity | 31.02 | Working Cap. | 21.94 | Debt to Equity Ratio | 0.17 |
| Cash | 24.24 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for general corporate purposes including working capital to fund anticipated operating losses and expenses associated with sales and marketing efforts. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Orrick, Herrington & Sutcliffe |
| Bank's Law Firm | Skadden, Arps, Slate, Meagher & Flom |
| Registrar/Transfer Agent | ChaseMellon Shareholder Services, L.L.C. |
| Auditor | Ernst & Young |
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| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| Eagle New Media Investments, LLC | 9.00 | |
| Walden Media and Information and Technology Fund, L.P. | 8.10 | |
| Technology Funding Partners III, L.P. | 7.40 | |
| Fayez Sarofim Investment Partnership No. 5, L.P. | 6.50 | |
| Sandler Capital IV Partners, L.P. | 6.20 | |
| Scripps Ventures, LLC | 5.10 | |
| Note: represents ownership of 5% or more prior to the offering. | ||