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Agency.com ACOM 665 Broadway, 9th Fl. New York, NY 10012 (Map) Phone: 212-358-8220 Fax: 212-358-8257 agency.com AGENCY.COM helps propel its clients into cyberspace. At the forefront of the interactive communications industry, the company offers services including interactive business and marketing consulting, e-commerce services, brand management, and Web site design. AGENCY.COM has supplied a host of interactive services to clients such as Benetton, Compaq, Kmart, NIKE, and Viacom. The company has offices across the US, Europe, and Asia. Advertising giant Omnicom owns about 50% of the company. Co-founders Chan Suh (chairman, president, and CEO) and Kyle Shannon (chief creative officer) own 19% and 18%, respectively, of the company they launched in 1995. S1 Info A substantial portion of our revenue is generated from a limited number of major clients. In particular, on a pro forma basis our ten largest clients accounted for 50.8% of our revenues for the six months ended June 30, 1999 and 36% of our revenues for the year ended December 31, 1998. six months ending Jun 98 Jun 99 Rev 12,585K 30,389 Gross Profit 6,483 15,317 Net Inc 61 (411) EPS 0.00 (0.02) Our directors, executive officers and affiliates currently beneficially own approximately 89.0% of our common stock, and after the offering will beneficially own approximately 77.6% of our common stock. Accordingly, these stockholders could control the outcome of any corporate transaction or other matter submitted to the stockholders for approval, including mergers, consolidations and the sale of all or substantially all of our assets, and also could prevent or cause a change in control. Third parties may be discouraged from making a tender offer or bid to acquire us because of this concentration of ownership. Based on shares outstanding on September 30, 1999, from time to time after this offering, a total of 26,663,282 additional shares of common stock may be sold in the public market by existing stockholders. EBITDA on a pro forma and an actual basis for the six months ended June 30,1999 was $1.3 million and $3.4 million, respectively, compared to ($642,000) and $842,000, respectively, for the same period in the prior year. We believe that the increase in EBITDA will continue as revenues continue to increase, our margins continue to increase as a result of increased utilization of billable employees and our fixed costs continue to decrease as a percentage of our revenue. International revenues were $824,000 in 1997 and increased to $7.5 million in 1998, an increase of 810%. Net loss from international operations was $68,000 in 1997 versus $113,000 in 1998, an increase of 66%. Clients: 3M Countrywide SmithKline-Beecham Armstrong World DIRECTV Sprint FT Group Texaco British Airways Unilever Colgate-Palmolive Enron Compaq Salomon Smith Barney All of our officers and directors and most of our stockholders, who together hold an aggregate of at least 25,750,000 shares, have signed lock-up agreements under which they agreed not to transfer or dispose of, directly or indirectly, or hedge any shares of common stock or any securities convertible into or exercisable or exchangeable for shares of common stock, for a period of 180 days after the date of this prospectus. Transfers or dispositions can be made sooner with the prior written consent of Goldman, Sachs & Co. I like the overseas growth and revenue increases. Losses minimal. Trades supposely week of Oct. 25, 1999, Jack Hartmann | ||||||||||||||
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