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microHelix Inc.
16125 SW 72nd Avenue, Portland, OR 97224 * (503) 968-1600
Business Description The company designs, manufactures and sells customized electronic interconnect systems for the medical device industry. Interconnect systems permit the transmission of electronic signals between two devices, such as a sensor and a computer that displays, processes or stores the acquired data. Our systems include micro-cables, cable assemblies and other components that act as transmission lines for electronic signals that activate diagnostic and therapeutic medical devices.
Filing
Information

Not yet
public

To Trade As  MHLX (NASNTL) Industry  Manufacturing (SIC 3841)
Type of Stock Offered Common Units Filing Date  7/26/2001
Domestic Shares Filed 2,000,000 Filing Range  $5.50 - $6.50
Foreign Shares Filed  0 Offering Amount  $12,000,000
Company Shares  2,000,000 Est. Expenses  - -
Selling Shrhldrs Shares  0 Post-IPO Shares  - -
Employees  61
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Paulson Investment Company, Inc. Lead Manager (503) 243-6028
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       12/31/1999 12/31/2000 3/31/2000 3/31/2001
Revenues   - - - 1.630 4.257 0.603 1.599
Income from Oper.   - - - -1.843 -1.400 -0.722 0.094
Net Income   - - - -2.061 -2.067 -0.851 -0.044
E.P.S   - - - -1.570 -1.550 -0.650 -0.030
Revenue Growth (%)      - - - 161.166   165.17
Net Income Growth (%)      - - - -   -
Oper. Profit Margin (%)    - - - - - 5.88 -
Net Profit Margin (%)    - - - - - - -
Cash Flow - Oper.     -1.76 -0.57 -0.14
Cash Flow - Inv.     -0.36 -0.21 -0.02
Cash Flow - Fin.     2.11 0.78 0.16
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 3/31/2001 Financial Ratios
Total Assets    9.33 Current Assets    2.49 Current Ratio    1.17
Total Liab.    9.68 Current Liab.    2.14 Debt Ratio    103.79%
Total Equity    -0.35 Working Cap.    0.36 Debt to Equity Ratio    -
Cash    0.00    Return on Assets   -
Use Of
Proceeds
The proceeds from the proposed offering will be used to purchase additional capital equipment, fund additional personnel requirements, support expanded manufacturing capabilities, repay debt, fund working capital and for general corporate purposes.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Stoel Rives Boley Jones & Grey
Bank's Law Firm  Weiss, Jensen, Ellis & Howard
Auditor  Deloitte & Touche
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Principal
Shareholders
Name of Shareholder% Owned
Before
% Owned
After
St. John Medical Center Foundation 23.50 10.80
Note: represents ownership of 5% or more prior to the offering.
Warrant
Information
# of Units  2,000,000
Unit Ticker  MHLXU Unit Price  $5.50
Warrant Ticker  MHLXW Warrant Price  - -
Warrant Exercise Date  - - Warrant Exercise Price  - -
Warrant Expiration Date  - -
Warrant Detachable  Yes Warrant Detach Date  - -
Warrant Callable  No
Unit Composition 1 Common Share + 1 Class A Warrant + 1 Class B Warrant
Warrant Entitlement 1 Common Share

Last updated: 11/25/2001 11:03:38 PM
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