Good catch Ahhto2, looks like Partscom could be the one!
PARTSBASE.COM, INC.
Snapshot
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The Company
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The Offering
Business Description
PartsBase.com is an online provider of Internet business-to-business e-commerce services for
the aviation industry. Our global e-commerce marketplace (sometimes referred to as our
"e-marketplace" or our "solution") provides a means for our over 13,000 members in more than
115 countries to buy and sell new, used and overhauled aviation parts and products in an
efficient, competitive and cost-effective manner. We estimate that our e-marketplace utilizes a
database of approximately 1,200 suppliers, which we believe constitutes one of the largest
independent databases of inventory and information in the aviation industry. Current members
of our e-commerce marketplace include Boeing, Honeywell, Federal Express, Pratt & Whitney,
Northrup Grumman Aviation and United Parcel Service. The worldwide market for aviation
parts and products is highly fragmented and includes many types of suppliers, such as
airlines, original equipment manufacturers ("OEMs"), numerous independent distributors,
on-site airport maintenance providers, also known as fixed base operators, Federal Aviation
Administration ("FAA") certified facilities, traders and brokers. Aerospace Industries
Association estimates that total exports and imports of aircraft parts and products were
approximately $29 billion in 1999. Furthermore, in recent years, the airline industry has
experienced rapid growth in business and leisure travel. As a result, the world fleet of aircraft is
projected to increase from 12,600 aircraft in 1998 to 28,400 aircraft in 2018, according to
Boeing's 1999 Current Market Outlook (the "Boeing Report"). The increase in travel and the
number of aircraft have likely contributed to demand for aviation parts and products as aircraft
must be serviced at scheduled intervals. In addition, management believes that as the age of
the world fleet of aircraft increases, demand for new, used and overhauled parts and products
may increase. Forrester Research estimates that the business-to-business e-commerce market
will grow from $43 billion in 1998 to $1.3 trillion by 2003.
Use Proceeds
We intend to use substantially all the proceeds of this offering for working capitaland general
corporate purposes, includinginformation technology, expansion of salesand marketing
activities and futureacquisitions. |
