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| Colonial Direct Financial Group, Inc. |
| 3010 North Military Trail, Boca Raton, FL 33431 * (561) 981-1000 |
| Business Description | The Company is a holding company comprised of a group of diversified financial services companies, all focused on delivering value to the consumer through traditional methods of offering financial services and the Internet. |
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Filing Information Not yet | |||
| To Trade As | COLD (NASSCM) | Industry | Financial (SIC 6211) |
| Type of Stock Offered | Common Shares | Filing Date | 6/9/00 |
| Domestic Shares Filed | 2,000,000 | Filing Range | $6.50 - $8.50 |
| Foreign Shares Filed | 0 | Offering Amount | $15,000,000 |
| Company Shares | 2,000,000 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | 6,000,000 |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Werbel-Roth Securities, Inc. | Lead Manager | (561) 391-2460 |
| 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 | 12/31/98 | 12/31/99 | 3/31/99 | 3/31/00 | |||
| Revenues | - | - | - | 16.904 | 12.517 | 3.603 | 5.117 |
| Income from Oper. | - | - | - | - | - | - | - |
| Net Income | - | - | - | 0.036 | -2.111 | -0.026 | -0.259 |
| E.P.S | - | - | - | -0.020 | -0.650 | -0.010 | -0.060 |
| Revenue Growth (%) | - | - | - | -25.955 | 42.03 | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | 0.21 | - | - | - |
| Cash Flow - Oper. | -0.14 | 0.35 | -0.36 | ||||
| Cash Flow - Inv. | -2.08 | -0.19 | -0.61 | ||||
| Cash Flow - Fin. | 2.91 | -0.05 | 0.24 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 3/31/00 | Financial Ratios | ||||
| Total Assets | 7.32 | Current Assets | 2.65 | Current Ratio | 0.94 |
| Total Liab. | 2.87 | Current Liab. | 2.81 | Debt Ratio | 39.25% |
| Total Equity | 4.45 | Working Cap. | -0.16 | Debt to Equity Ratio | 0.65 |
| Cash | 0.30 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to increase marketing and promotional efforts; to acquire financial services companies pursuant to our acquisition strategy; to develop and integrate e-business technology; and for working capital and general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Dreier & Baritz |
| Bank's Law Firm | Wiggin & Dana |
| Registrar/Transfer Agent | StockTrans, Inc., PA |
| Auditor | Ahearn, Jasco + Company, P.A. |
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