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| Nations Express, Inc. |
| 1328B Crossbeam Road, Charlotte, NC 28217 * (704) 423-9911 |
| Business Description | The company is a multi-service, expedited transportation company that arranges on-time and intact delivery of time sensitive cargo. |
|
Filing Information Not yet | |||
| To Trade As | NAX (AMEX) | Industry | Transportation (SIC 4731) |
| Type of Stock Offered | Common Shares | Filing Date | 7/24/00 |
| Domestic Shares Filed | 1,000,000 | Filing Range | $9.00 - $11.00 |
| Foreign Shares Filed | 0 | Offering Amount | $10,000,000 |
| Company Shares | 1,000,000 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | 3,979,566 |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Schneider Securities, Inc. | Lead Manager | (303) 837-9200 |
| Advanced Equities, Inc. | Co-manager | |
| Neidiger/Tucker/Bruner Inc. | Co-manager | (800) 525-3086 |
| 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 | 6/30/98 | 6/30/99 | 6/30/00 | ||||
| Revenues | - | - | 0.534 | 7.369 | 19.354 | - | - |
| Income from Oper. | - | - | -0.069 | 0.191 | 0.267 | - | - |
| Net Income | - | - | -0.041 | 0.104 | 0.138 | - | - |
| E.P.S | - | - | - | - | - | - | - |
| Revenue Growth (%) | - | - | 1,281.27 | 162.623 | - | ||
| Net Income Growth (%) | - | - | - | 32.94 | - | ||
| Oper. Profit Margin (%) | - | - | - | 2.59 | 1.38 | - | - |
| Net Profit Margin (%) | - | - | - | 1.41 | 0.71 | - | - |
| Cash Flow - Oper. | -0.79 | - | - | ||||
| Cash Flow - Inv. | -0.15 | - | - | ||||
| Cash Flow - Fin. | 0.70 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 6/30/99 | Financial Ratios | ||||
| Total Assets | 4.12 | Current Assets | 3.63 | Current Ratio | 1.62 |
| Total Liab. | 2.34 | Current Liab. | 2.24 | Debt Ratio | 56.72% |
| Total Equity | 1.78 | Working Cap. | 1.40 | Debt to Equity Ratio | 1.31 |
| Cash | 0.05 | Return on Assets | 3.35% | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for working capital and expenditures related to geographic expansion. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Moore & Van Allen |
| Bank's Law Firm | Prifti, William M. |
| Registrar/Transfer Agent | First Union National Bank North Carolina |
| Auditor | Arthur Andersen |
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| Warrant Information | |||||||||||||||||||||||||||||||||||||||||
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