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| Weststar Environmental, Inc. |
| 9550 Regency Square Boulevard, Jacksonville, FL 32225 * (904) 721-7557 |
| Business Description | The company is a non-hazardous, liquid waste management company that provides waste management services to governmental, commercial and residential customers. |
|
Filing Information Not yet | |||
| To Trade As | WSTX (NASSCM) | Industry | Utilities (SIC 4953) |
| Type of Stock Offered | Common Shares | Filing Date | 8/9/00 |
| Domestic Shares Filed | 1,000,000 | Filing Price | $6.50 |
| Foreign Shares Filed | 0 | Offering Amount | $6,500,000 |
| Company Shares | 1,000,000 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | 2,915,833 |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Kashner Davidson Securities Corporation | Lead Manager | (941) 951-2626 |
| 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 | - | - | - | 1.697 | 1.727 | 0.335 | 0.490 |
| Income from Oper. | - | - | - | 0.132 | 0.296 | 0.018 | 0.033 |
| Net Income | - | - | - | -1.584 | 0.193 | 0.030 | 0.033 |
| E.P.S | - | - | - | -0.100 | 0.120 | 0.020 | 0.020 |
| Revenue Growth (%) | - | - | - | 1.750 | 46.14 | ||
| Net Income Growth (%) | - | - | - | - | 8.87 | ||
| Oper. Profit Margin (%) | - | - | - | 7.81 | 17.13 | 6.65 | 5.27 |
| Net Profit Margin (%) | - | - | - | - | 11.18 | 6.74 | 9.05 |
| Cash Flow - Oper. | 0.24 | 0.00 | 0.06 | ||||
| Cash Flow - Inv. | -0.09 | 0.00 | -0.15 | ||||
| Cash Flow - Fin. | -0.02 | -0.02 | 0.01 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 3/31/00 | Financial Ratios | ||||
| Total Assets | 4.18 | Current Assets | 0.87 | Current Ratio | 0.38 |
| Total Liab. | 3.09 | Current Liab. | 2.31 | Debt Ratio | 73.93% |
| Total Equity | 1.09 | Working Cap. | -1.44 | Debt to Equity Ratio | 2.84 |
| Cash | 0.07 | Return on Assets | 0.79% | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for the repayment of debt, payments related to completed acquisitions, capital expenditures, to finance possible acquisitions, and for working capital and other general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Sommer & Schneider LLP |
| Bank's Law Firm | Sichenzia, Ross & Friedman LLP |
| Registrar/Transfer Agent | StockTrans, Inc. |
| Auditor | Horton & Company L.L.C. |
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