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| SkyAuction.com, Inc. |
| 501 Madison Avenue, New York, NY 10022 * (212) 486-1250 |
| Business Description | The company is a leading online marketer and distributor of travel products and services using a no-reserve auction format. |
|
Filing Information IPO has been | |||
| To Trade As | AUXN (NASNTL) | Industry | Internet (SIC 7389) |
| Type of Stock Offered | Common Shares | Filing Date | 7/27/00 |
| Domestic Shares Filed | 0 | Filing Price | - - |
| Foreign Shares Filed | 0 | Offering Amount | $70,000,000 |
| Company Shares | 0 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Bear, Stearns & Co. Inc. | Lead Manager | (212) 272-4850 |
| DLJDirect, Inc. | Co-manager | (800) 825-5723 |
| Donaldson, Lufkin & Jenrette Securities Corp. | Co-manager | (212) 371-0641 |
| 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 | 12/31/99 | 3/31/00 | |||||
| Revenues | - | - | - | - | 6.720 | - | 5.300 |
| Income from Oper. | - | - | - | - | -2.732 | - | -1.329 |
| Net Income | - | - | - | - | -2.367 | - | -1.318 |
| E.P.S | - | - | - | - | - | - | - |
| Revenue Growth (%) | - | - | - | - | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | 0.15 | - | -1.44 | ||||
| Cash Flow - Inv. | -0.24 | - | -0.31 | ||||
| Cash Flow - Fin. | 1.40 | - | 11.27 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 3/31/00 | Financial Ratios | ||||
| Total Assets | 13.58 | Current Assets | 13.13 | Current Ratio | 2.90 |
| Total Liab. | 4.53 | Current Liab. | 4.53 | Debt Ratio | 33.38% |
| Total Equity | 9.04 | Working Cap. | 8.60 | Debt to Equity Ratio | 0.50 |
| Cash | 10.84 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for general corporate purposes, including working capital to support the continued expansion of operations, expenses associated with enhancing technology infrastructure and the website, advertising campaigns and marketing efforts and capital expenditures. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Proskauer Rose Goetz & Mendelsohn |
| Bank's Law Firm | Morrison & Foerster |
| Auditor | Deloitte & Touche |
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| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| I-Hatch Ventures, L.P. | ||
| I-Hatch Advisors Fund, L.P. | ||
| Baring Latin America Private Equity Fund, L.P | ||
| Baring Asia Private Equity Investments XIX Limited | ||
| Note: represents ownership of 5% or more prior to the offering. | ||