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| Novistar, Inc. |
| 1331 Lamar, Suite 1650, Houston, TX 77010 * (713) 652-4995 |
| Business Description | The company is a provider of comprehensive business process solutions to the oil and gas industry. Their solutions combine software with consistent business practices to optimize transaction processing, improve workflow and provide greater business intelligence to customers and their partners. |
|
Filing Information Not yet | |||
| To Trade As | NOVS (NASNTL) | Industry | High-Tech (SIC 7374) |
| Type of Stock Offered | Common Shares | Filing Date | 9/20/00 |
| Domestic Shares Filed | 0 | Filing Price | - - |
| Foreign Shares Filed | 0 | Offering Amount | $100,000,000 |
| Company Shares | 0 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| CIBC World Markets | Lead Manager | (212) 667-7400 |
| Stephens Inc. | Co-manager | (501) 377-2130 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 6 Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/98 | 12/31/99 | 6/30/00 | ||||
| Revenues | - | - | - | 19.667 | 42.773 | - | 17.160 |
| Income from Oper. | - | - | - | - | -16.699 | - | -5.062 |
| Net Income | - | - | - | - | -3.294 | - | - |
| E.P.S | - | - | - | - | - | - | - |
| Revenue Growth (%) | - | - | - | 117.486 | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -1.62 | - | - | ||||
| Cash Flow - Inv. | -2.85 | - | - | ||||
| Cash Flow - Fin. | 4.49 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 6/30/00 | Financial Ratios | ||||
| Total Assets | 40.55 | Current Assets | - | Current Ratio | - |
| Total Liab. | 35.20 | Current Liab. | - | Debt Ratio | 86.80% |
| Total Equity | 5.35 | Working Cap. | - | Debt to Equity Ratio | 6.58 |
| Cash | 0.15 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to repay indebtedness to Torch and Oracle, to acquire the Torch contracts and for other general corporate purposes including working capital, software development and expansion of operations. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Haynes and Boone |
| Bank's Law Firm | Akin, Gump, Strauss, Hauer & Feld |
| Auditor | Ernst & Young |
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| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| Torch Energy Advisors Incorporated | 100.00 | |
| Note: represents ownership of 5% or more prior to the offering. | ||