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| MoreDirect.com, Inc. |
| 3401 N. Federal Highway, Suite 216, Boca Raton, FL 33431 * (561) 367-1188 |
| Business Description | The company is a leading business-to-business, or B2B, electronic marketplace providing a one stop online solution for the procurement of information technology products. |
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Filing Information IPO has been | |||
| To Trade As | MDIR (NASNTL) | Industry | Internet (SIC 7389) |
| Type of Stock Offered | Common Shares | Filing Date | 4/18/2000 |
| Domestic Shares Filed | 5,000,000 | Filing Range | $11.00 - $13.00 |
| Foreign Shares Filed | 0 | Offering Amount | $60,000,000 |
| Company Shares | 5,000,000 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Prudential Volpe Technology | Lead Manager | (415) 274-4463 |
| ING Baring Furman Selz | Co-manager | (212) 309-8200 |
| Robinson-Humphrey Company, Inc., The | Co-manager | (404) 266-6450 |
| 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 | 12/31/1997 | 12/31/1998 | 12/31/1999 | ||||
| Revenues | - | - | 13.145 | 26.836 | 33.131 | - | - |
| Income from Oper. | - | - | 0.249 | 1.842 | 1.135 | - | - |
| Net Income | - | - | 0.273 | 1.884 | 1.213 | - | - |
| E.P.S | - | - | 0.030 | 0.190 | 0.120 | - | - |
| Revenue Growth (%) | - | - | 104.15 | 23.456 | - | ||
| Net Income Growth (%) | - | - | 589.84 | -35.62 | - | ||
| Oper. Profit Margin (%) | - | - | 1.89 | 6.86 | 3.43 | - | - |
| Net Profit Margin (%) | - | - | 2.08 | 7.02 | 3.66 | - | - |
| Cash Flow - Oper. | 0.59 | - | - | ||||
| Cash Flow - Inv. | -0.05 | - | - | ||||
| Cash Flow - Fin. | -1.00 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 12/31/1999 | Financial Ratios | ||||
| Total Assets | 6.28 | Current Assets | 6.14 | Current Ratio | - |
| Total Liab. | 3.89 | Current Liab. | - | Debt Ratio | 62.01% |
| Total Equity | 2.38 | Working Cap. | - | Debt to Equity Ratio | 1.63 |
| Cash | 1.24 | Return on Assets | 19.33% | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for working capital and general corporate purposes including expanding sales and marketing activities, expanding corporate infrastructure, further developing the company's emarketplace and eprocurement services and expanding corporate facilities, to repay amounts outstanding under a line of credit, to make a distribution to the Founder of undistributed S Corporation tax basis earnings in connection with the termination of S Corporation status. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Akerman, Senterfitt & Eidson |
| Bank's Law Firm | Cadwalader, Wickersham & Taft |
| Auditor | Pricewaterhouse Coopers LLC |
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