Sea-Tiger, Inc. (0001502391)

WEB NEWS

Monday, November 29, 2010

S1 Registration

Sea-Tiger, Inc. share holders registers stock to take company public. (Company was originally a private shell that became a non-public operating entity via a reverse merger).

Company Snapshot:

Operates in the IT Systems Integration and maintenance business targeting Singapore

Industry Snapshot:

  • The growth of data and mobile applications has led to the need for a more flexible systems integration market. Operators, with their margins squeezed, are faced with whether to take a bigger slice of their action by acquiring greater integration skills, or opt to make deals with a range of partners to provide customized solutions for businesses.
  • The onward march of global business and converging technologies is challenging some established telecoms business practices. As the scope of data and voice services grows, telecoms companies increasingly need to acquire a range of different business skills to meet customers' expectations.
  • At the heart of that change is the evolving role of systems integration (SI), which underpins the networks and systems that provide those service.
  • The market for systems integration (SI) solutions is becoming more competitive as the traditional outsourcers make their move into the SI business. This benefits buyers of IT services, as these new entrants and more traditional integrators have increased their focus on outcomes and client satisfaction to ensure that their business continues to grow. The service normalization and downward rate pressure have brought systems integration offerings to the reach of companies that haven't used such services in the past.

Use Of proceeds:

We will not receive any of the proceeds resulting from the sale of the shares held by the selling stockholders.

Underwriter: TBA

Proposed offering price: $0.10

Post IPO Share Calculation:

  •   5,189,401: Pre IPO outstanding shares
  •      860,891: Registered shares of Common Stock by current shareholders.
  • 20,000,000: Shares from class B preferred stock, assuming $0.10 offering price. (2000 class B preferreds * 1000 preferred issue price / average of the volume weighted average price of the Common Stock for the five consecutive trading days prior to conversion.

GeoTeam® best effort calculation of total post IPO shares assuming full conversions: 26,050,292

Financial Snapshot: December Year End

2009 vs. 2008

  • Revenues: $2.0 million vs. $2.5 million
  • Net Income: $71 thousand vs. $33 thousand

Pro Forma Valuation: using $0.10 offering price and new share count

  • 2009 EPS:  $0.0023
  • Trailing P/E: 43.5


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