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| Accord Networks Ltd. |
| 9040 Roswell Road, Suite 450, Atlanta, GA 30350 * (770) 641-4400 |
| Business Description | The Company develops, manufactures and distributes an advanced networking system that enables real-time interactive visual communications. |
| Offering Information Company has | |||
| Trading As | ACCD (NASNTL) | Industry | Not Classified |
| Type of Stock Offered | Ordinary Shares | Filing Date | 6/8/00 |
| Domestic Shares Offered | 5,000,000 | Offer Date | 6/28/00 |
| Foreign Shares Offered | 0 | Filing Range | $10.00 - $12.00 |
| Company Shares | 5,000,000 | Offer Price | $11.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $0.770 |
| Gross Proceeds | $55,000,000 | Selling | $0.390 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 19,882,474 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| CIBC World Markets | Lead Manager | (212) 667-7400 |
| Dain Rauscher Wessels | Co-manager | (612) 371-2818 |
| U.S. Bancorp Piper Jaffray | Co-manager | (612) 342-6220 |
| 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 | 12/31/97 | 12/31/98 | 12/31/99 | 3/31/99 | 3/31/00 | ||
| Revenues | - | - | 1.578 | 12.597 | 24.835 | 4.830 | 8.259 |
| Income from Oper. | - | - | -4.909 | -0.950 | 0.506 | -0.208 | 0.237 |
| Net Income | - | - | -5.002 | -0.980 | 0.364 | -0.239 | 0.220 |
| E.P.S | - | - | -3.920 | -0.770 | 0.280 | 0.190 | 0.120 |
| Revenue Growth (%) | - | - | 698.29 | 97.150 | 70.99 | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | 2.04 | 2.87 | - |
| Net Profit Margin (%) | - | - | - | - | 1.47 | 2.66 | - |
| Cash Flow - Oper. | 0.02 | - | - | ||||
| Cash Flow - Inv. | -1.37 | - | - | ||||
| Cash Flow - Fin. | 5.70 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| As of: - - | Financial Ratios | ||||
| Total Assets | - | Current Assets | - | Current Ratio | - |
| Total Liab. | 0.00 | Current Liab. | - | Debt Ratio | - |
| Total Equity | - | Working Cap. | - | Debt to Equity Ratio | - |
| Cash | - | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for general corporate purposes, including working capital, capital expenditures, geographic expansion and additional sales and marketing efforts. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Alston & Bird |
| Bank's Law Firm | Ropes & Gray |
| Registrar/Transfer Agent | American Stock Transfer Company |
| Auditor | Pricewaterhouse Coopers LLC |
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| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| Nitzanim Fund Ltd. and Concord K.T. Investment Partners Ltd., entities aff | 21.40 | |
| SVM STAR Venture Capital Management Ltd. and Ventures Management GmbH No. 3 | 13.50 | |
| Advanced Technology Ventures IV, L.P. | 11.00 | |
| Gilde IT Fund B.V. | 10.90 | |
| Norwest Equity Capital L.L.C. | 9.20 | |
| VTEL Corporation | 8.70 | |
| Note: represents ownership of 5% or more prior to the offering. | ||