PPT Slide

Valuation Ranges For Our

Hypothetical Publisher

Revenue $5,322,400

1999 Net Profit = $175,800

1999 Cash Flow = $350,800

Multiple Range: 8 to 12

Purchase Price Range For Non-Strategic Buyer:

$1,400,000 to $2,200,000 (based on Net Profit)

Purchase Price Range For Strategic Buyer

$2,800,400 to $4,200,000 (based on Cash Flow)