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| DURO Communications, Inc. |
| 1211 Semoran Blvd., Suite 217, Casselberry, FL 32707 * (407) 673-8500 |
| Business Description | The company is a full service, facilities-based provider of Internet data and broadband communications solutions to small and medium sized businesses in tier II and tier III markets in the southeastern United States. |
|
Filing Information Not yet | |||
| To Trade As | DURO (NASNTL) | Industry | Telecommunications (SIC 4813) |
| Type of Stock Offered | Common Shares | Filing Date | 4/14/00 |
| Domestic Shares Filed | 0 | Filing Price | - - |
| Foreign Shares Filed | 0 | Offering Amount | $125,000,000 |
| 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 |
| CIBC World Markets | Co-manager | (212) 667-7400 |
| First Union Capital Markets Corp. | Co-manager | (804) 649-2311 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 10 Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/99 | ||||||
| Revenues | - | - | - | - | - | - | 22.545 |
| Income from Oper. | - | - | - | - | - | - | - |
| Net Income | - | - | - | - | - | - | -9.201 |
| E.P.S | - | - | - | - | - | - | -0.370 |
| Revenue Growth (%) | - | - | - | - | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | - | - | 3.66 | ||||
| Cash Flow - Inv. | - | - | -101.09 | ||||
| Cash Flow - Fin. | - | - | 0.13 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 12/31/99 | Financial Ratios | ||||
| Total Assets | 135.98 | Current Assets | 38.20 | Current Ratio | 2.71 |
| Total Liab. | 90.63 | Current Liab. | 14.12 | Debt Ratio | 66.65% |
| Total Equity | 45.35 | Working Cap. | 24.08 | Debt to Equity Ratio | 2.00 |
| Cash | 34.19 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for capital expenditures and general corporate purposes including working capital and potential acquisitions. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Goodwin Procter & Hoar |
| Bank's Law Firm | Hale and Dorr |
| Auditor | KPMG LLC |
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| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| Landmark Co.- Investment Partners Limited Partnership | ||
| Great Hill Equity Partners, LP | ||
| First Union Capital Partners, Inc. | ||
| CIBC WMC, Inc. | ||
| Note: represents ownership of 5% or more prior to the offering. | ||