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| WHEREVER.net Holding Corporation |
| Natwest Tower, Suite 4701 1 Matheson Street Causeway Bay, Hong Kong, Hong Kong |
| Business Description | The company offers high quality telephony services and products over a privately managed network which links 54 points of presence or POPs in six countries, including China, Taiwan and the United States. |
| Offering Information Company has | |||
| Trading As | WNET (NASNTL) | Industry | Telecommunications (SIC 4813) |
| Type of Stock Offered | American Depositary Receipts | Filing Date | 3/17/00 |
| Domestic Shares Offered | 4,500,000 | Offer Date | 5/2/00 |
| Foreign Shares Offered | 0 | Filing Range | $11.00 - $13.00 |
| Company Shares | 4,500,000 | Offer Price | $9.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $0.630 |
| Gross Proceeds | $40,500,000 | Selling | $0.378 |
| Expenses | - - | Reallowance | - - |
| Post-IPO Shares | 25,528,882 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Merrill Lynch & Co. | Lead Manager | (212) 449-4600 |
| Bear, Stearns & Co. Inc. | Co-manager | (212) 272-4850 |
| 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 | 12/31/97 | 12/31/98 | 12/31/99 | ||||
| Revenues | - | - | 3.662 | 4.544 | 6.578 | - | - |
| Income from Oper. | - | - | -0.164 | -0.526 | -5.397 | - | - |
| Net Income | - | - | -0.232 | -0.213 | -4.493 | - | - |
| E.P.S | - | - | -0.090 | -0.020 | -0.290 | - | - |
| Revenue Growth (%) | - | - | 24.08 | 44.740 | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | - | - | - | ||||
| Cash Flow - Inv. | - | - | - | ||||
| Cash Flow - Fin. | - | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 12/31/99 | Financial Ratios | ||||
| Total Assets | 14.43 | Current Assets | - | Current Ratio | - |
| Total Liab. | 4.14 | Current Liab. | - | Debt Ratio | 28.72% |
| Total Equity | 10.28 | Working Cap. | - | Debt to Equity Ratio | 0.40 |
| Cash | 1.65 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for acquisitions, purchases of bandwidth, marketing and working capital. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Simpson, Thacher & Bartlett |
| Bank's Law Firm | Brown & Wood |
| Registrar/Transfer Agent | Citibank, NY |
| Auditor | KPMG Accountants N.V. |
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| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| Hontung Venture Capital Co., Ltd. | 11.12 | |
| Asia Venture Capital Investment Corp. | 6.03 | |
| Note: represents ownership of 5% or more prior to the offering. | ||