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| Mendell Energy Technologies, Inc. |
| 406 Orofino Drive, Castle Rock, CO 80104 * (303) 663-2902 |
| Business Description | The company was organized in January 2000 to explore for and develop potentially large reservoirs of oil and natural gas by using unconventional methods, and by obtaining funding for our projects from large industry partners. |
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Filing Information Not yet | |||
| To Trade As | METI (NASSCM) | Industry | Natural Resource (SIC 1311) |
| Type of Stock Offered | Common Shares | Filing Date | 8/13/2001 |
| Domestic Shares Filed | 1,000,000 | Filing Range | $5.00 - $5.50 |
| Foreign Shares Filed | 0 | Offering Amount | $5,250,000 |
| Company Shares | 1,000,000 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | 1,838,500 |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Rocky Mountain Securities & Investments, Inc. | Lead Manager | (303) 629-5555 |
| Schneider Securities, Inc. | Co-manager | (303) 837-9200 |
| 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 | 12/31/2000 | 3/31/2001 | |||||
| Revenues | - | - | - | - | 0.145 | - | 0.040 |
| Income from Oper. | - | - | - | - | - | - | - |
| Net Income | - | - | - | - | -1.477 | - | -0.639 |
| E.P.S | - | - | - | - | -1.830 | - | -0.810 |
| Revenue Growth (%) | - | - | - | - | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | 0.00 | - | 0.05 | ||||
| Cash Flow - Inv. | -0.47 | - | -0.11 | ||||
| Cash Flow - Fin. | 0.81 | - | 0.14 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 3/31/2001 | Financial Ratios | ||||
| Total Assets | 1.17 | Current Assets | 0.45 | Current Ratio | 1.84 |
| Total Liab. | 0.24 | Current Liab. | 0.24 | Debt Ratio | 20.75% |
| Total Equity | 0.93 | Working Cap. | 0.21 | Debt to Equity Ratio | 0.26 |
| Cash | 0.41 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for the drilling program, for gathering system and pipeline, for property acquisitions and working capital. Working capital may be used for general corporate purposes to operate,manage, and maintain the current and proposed operations including wages and salaries, professional fees, expenses, payment of rent, and other administrative costs. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Neuman & Drennen, LLC |
| Bank's Law Firm | Krys Boyle Golz Reich Freedman Bean & Scott |
| Auditor | Hein & Associates |
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| Warrant Information | |||||||||||||||||||||||||||||||||||||||||
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