>>>>Why do they need this capital?
WE MAY BE UNABLE TO EFFECTIVELY MANAGE THE SIGNIFICANT UNALLOCATED NET PROCEEDS FROM THIS OFFERING.
We will have a significant amount of net proceeds from this offering that we have not allocated to a specific use. Our failure to apply these proceeds effectively could have a material adverse effect on our business, financial condition and results of operations and, therefore, the market price of our common stock. We will have broad discretion in how we use the net proceeds of this offering, which may include general corporate purposes, such as increased expenses associated with expansion of our products and services to a broader market, additional customer care needed for the expected growth from the Internet portals, new sales and marketing initiatives, and potential acquisitions. See "Use of proceeds."
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USE OF PROCEEDS
We expect to receive approximately $105,147,150 (approximately $128,623,313 if the underwriters exercise their over-allotment option in full) from the sale of the 2,350,000 shares of common stock offered by us at an assumed public offering price of $47.07 per share, and after deducting the underwriting discount and estimated offering expenses payable by us. We expect to use the net proceeds from this offering for working capital and general corporate purposes,
including expansion of our services to a broader market and potential
acquisitions.
Accordingly, we have broad discretion in the allocation of the net proceeds from this offering. Pending such uses, we expect to invest the net proceeds from this offering in short-term income producing investments. While we engage in discussions relating to potential acquisitions from time to time, no such transaction is contemplated as of the date of this prospectus.
We will not receive any proceeds from the sale of common stock by the
selling stockholders. See "Selling Stockholders."
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