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Company Links |
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Major Stock Holders
(Prior To
Offering) |
Name |
Class A |
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A. Clayton Perfall |
98% |
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Brian H. Burke |
98% |
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Matthew C. Fletchall |
98% |
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Union Street Capital Management, LLC |
98% |
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Major Stock Holders
(After Offering) |
Name |
Common Stock |
Class A |
Class B |
Class C |
Class L |
ADS |
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A. Clayton Perfall |
0% |
20% |
0% |
0% |
0% |
0% |
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Brian H. Burke |
0% |
20% |
0% |
0% |
0% |
0% |
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Matthew C. Fletchall |
0% |
20% |
0% |
0% |
0% |
0% |
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Union Street Capital Management, LLC |
0% |
20% |
0% |
0% |
0% |
0% |
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Business Environment |
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Services industries represent a large and growing share of U.S. Gross Domestic Product, or GDP. According to the Bureau of Economic Analysis, or BEA, an agency of the U.S. Department of Commerce, the services sector represented $8.3 trillion, or approximately 68% of total GDP, in 2005, up from $1.5 trillion, or approximately 53% of total GDP, in 1980.
The business services industry, a subset of the services sector, encompasses companies that undertake the management, delivery or operation of one or more business processes or functions of other companies. Based on BEA’s GDP-by-industry account data, the business services industry represented approximately $4.9 trillion or 39%, of GDP in 2005 and grew 5% from 2004 to 2005, led by the information services sector which experienced growth of 7.4%.
According to Veronis Suhler Stevenson, an independent merchant bank, marketing services, excluding customer care, accounted for over $309 billion of expenditures by businesses in the United States in 2005, and are expected to account for over $455 billion by 2010, representing a 8.0% compound annual growth rate.
According to Veronis Suhler Stevenson, spending on business information services was $89.0 billion in the United States in 2005 and is expected to reach $128.8 billion by 2010, representing a 7.7% compound annual growth rate.
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Company Strategy |
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A recently organized Delaware blank check company formed for the purpose of acquiring, through a merger, capital stock exchange, stock purchase, asset acquisition or other similar business combination, one or more operating businesses in the business services industry. |
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Product/Services Portfolio |
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The Company does not have any specific business combination under consideration and it has not, nor has anyone on its behalf, contacted any prospective target business or had any discussions, formal or otherwise, with respect to such a transaction.
The Company has not, nor has any of its agents or affiliates, been approached by any prospective target business, or representatives of any prospective target business, with respect to a possible business combination with the Company.
Additionally, the Company has not, nor has anyone on its behalf, taken any measure, directly or indirectly, to identify or locate a specific target business nor has it engaged or retained any agent or other representative to identify or locate a specific target business.
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Investment Analysis |
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The Company has neither engaged in any operations nor generated any revenues to date.
The Company estimates that the net proceeds from the sale of the units in this offering and the sale of warrants in the private placement will be $95.3 million, after deducting offering expenses of approximately $700,000 and underwriting discounts and commissions of approximately $7.0 million.
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Income Data (Thousand $ Except EPS) |
| Year |
Revenues |
Costs |
Oper Income |
Taxes |
Net Income |
EPS |
| 2006
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0.00 |
0.00 |
0.00 |
0.00 |
-2,912 |
0.00 |
| *As of period July 18, 2006 through July 28, 2006
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Balance Sheet Data
(Thousand $) |
Year |
Cash |
Acct Recv. |
Inventory |
Total Cur Assets |
Total Cur Liability |
PPE |
Total Assets |
LT Debt |
SH Equity |
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2006 |
225,000 |
0.00 |
0.00 |
225,000 |
280,699 |
0.00 |
302,787 |
0.00 |
22,088 |
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*As of period ended July 28, 2006
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| Cash
Flow Summary
(Thousand $) |
Year |
Net Cash-Ops |
Net Cash-Inv |
Net Cash-Fin |
Net Change |
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2006 |
-2,590 |
0.00 |
227,590 |
225,000 |
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*As of period July 18, 2006 through July 28, 2006
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- Value Gap 
- Short-Term Growth
- Long-Term Growth 
- Long-Term Value 