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| eRoom System Technologies, Inc. |
| 3770 Howard Hughes Parkway, Suite 175, Las Vegas, NV 89109 * (800) 316-3070 |
| Business Description | The company has developed and introduced to the lodging industry, what is believed to be the only intelligent, in-room computer platform and communications network, or the eRoom System. |
| Offering Information Company has | |||
| Trading As | ERMS (NASSCM) | Industry | Manufacturing (SIC 3612) |
| Type of Stock Offered | Common Shares | Filing Date | 4/14/00 |
| Domestic Shares Offered | 1,800,000 | Offer Date | 8/2/00 |
| Foreign Shares Offered | 0 | Filing Range | $8.00 - $10.00 |
| Company Shares | 1,800,000 | Offer Price | $6.50 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $0.650 |
| Gross Proceeds | $11,700,000 | Selling | - - |
| Expenses | - - | Reallowance | - - |
| Post-IPO Shares | - - | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Donald & Co. Securities Inc. | Lead Manager | (212) 872-2000 |
| Monness, Crespi, Hardt & Co. | Co-manager | (212) 838-7575 |
| 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 | 0.356 | 0.710 | 4.666 | 1.011 | 0.592 | - | - |
| Income from Oper. | -0.805 | -1.804 | -0.219 | -6.983 | 1.473 | - | - |
| Net Income | -0.877 | -2.219 | -1.000 | -9.000 | 0.335 | - | - |
| E.P.S | -1.560 | -2.610 | -0.760 | -2.980 | -0.090 | - | - |
| Revenue Growth (%) | 99.44 | 557.18 | -78.33 | -41.444 | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | 248.82 | - | - |
| Net Profit Margin (%) | - | - | - | - | 56.59 | - | - |
| Cash Flow - Oper. | -2.75 | - | - | ||||
| Cash Flow - Inv. | -1.31 | - | - | ||||
| Cash Flow - Fin. | 4.17 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 12/31/99 | Financial Ratios | ||||
| Total Assets | 4.37 | Current Assets | 0.92 | Current Ratio | 0.26 |
| Total Liab. | 4.39 | Current Liab. | 3.52 | Debt Ratio | 100.55% |
| Total Equity | -0.02 | Working Cap. | -2.60 | Debt to Equity Ratio | - |
| Cash | 0.11 | Return on Assets | 7.67% | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to fund general corporate purposes, including capital expenditures, working capital and shirt term funding for production and installation of Refreshment Centers and RoomSafes, to repay certain outstanding indebtedness and related accrued interest, to pay cash dividends on Series A and Series C convertible preferred stock, and to conduct research and development and enhance their information management services.. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Kummer Kaempfer Bonner & Renshaw |
| Bank's Law Firm | Parker Duryee Rosoff & Haft |
| Registrar/Transfer Agent | American Stock Transfer & Trust Co |
| Auditor | Hansen, Barnett & Maxwell |
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| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| Pacific Acquisition Group II, LLC | 6.40 | |
| Note: represents ownership of 5% or more prior to the offering. | ||