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| Synquest, Inc. |
| 3500 Parkway Lane, Suite 555, Norcross, GA 30092 * (770) 325-2000 |
| Business Description | The Company provides advanced e-business solutions designed to optimize supply chain performance. |
| Offering Information Company has | |||
| Trading As | SYNQ (NASNTL) | Industry | High-Tech (SIC 7372) |
| Type of Stock Offered | Common Shares | Filing Date | 5/22/00 |
| Domestic Shares Offered | 5,000,000 | Offer Date | 8/14/00 |
| Foreign Shares Offered | 0 | Filing Range | $7.00 - $8.00 |
| Company Shares | 5,000,000 | Offer Price | $7.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $0.490 |
| Gross Proceeds | $35,000,000 | Selling | $0.300 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 27,610,000 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Bear, Stearns & Co. Inc. | Lead Manager | (212) 272-4850 |
| J.P. Morgan & Co. | Co-manager | (212) 648-0517 |
| Wit SoundView | Co-manager |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 9 Months Ending | ||||||
| Figures in U.S. millions except per share data | 6/30/97 | 6/30/98 | 6/30/99 | 3/31/99 | 3/31/00 | ||
| Revenues | - | - | 8.220 | 18.406 | 23.281 | 16.239 | 17.150 |
| Income from Oper. | - | - | -16.220 | -12.042 | -16.116 | -12.524 | -11.289 |
| Net Income | - | - | -19.036 | -17.362 | -22.094 | -17.163 | -15.968 |
| E.P.S | - | - | -16.020 | -13.980 | -15.210 | -11.850 | -10.520 |
| Revenue Growth (%) | - | - | 123.92 | 26.486 | 5.61 | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -17.08 | -14.74 | -6.89 | ||||
| Cash Flow - Inv. | -1.33 | -1.00 | -0.89 | ||||
| Cash Flow - Fin. | 18.08 | 15.42 | 7.40 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 3/31/00 | Financial Ratios | ||||
| Total Assets | 6.90 | Current Assets | 4.46 | Current Ratio | 0.11 |
| Total Liab. | 100.26 | Current Liab. | 40.11 | Debt Ratio | 1,453.52% |
| Total Equity | -93.37 | Working Cap. | -35.65 | Debt to Equity Ratio | - |
| Cash | 0.19 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to repay outstanding indebtedness and the balance for general corporate purposes. We may also use a portion of the proceeds to expand our business through strategic alliances and acquisitions. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | King & Spalding |
| Bank's Law Firm | Proskauer Rose Goetz & Mendelsohn |
| Auditor | Ernst & Young |
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| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| Warburg, Pincus Investors, L.P. | 64.70 | |
| Note: represents ownership of 5% or more prior to the offering. | ||