0001021408-01-507290.txt : 20011009 0001021408-01-507290.hdr.sgml : 20011009 ACCESSION NUMBER: 0001021408-01-507290 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010921 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20010926 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OMNICOMM SYSTEMS INC CENTRAL INDEX KEY: 0001034592 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 113349762 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-25203 FILM NUMBER: 1744835 BUSINESS ADDRESS: STREET 1: 3250 MARY STREET STREET 2: SUITE 402 CITY: MIAMI STATE: FL ZIP: 33133 BUSINESS PHONE: 7184693132 MAIL ADDRESS: STREET 1: 3250 MARY STREET STREET 2: SUITE 307 CITY: MIAMI STATE: FL ZIP: 33133 FORMER COMPANY: FORMER CONFORMED NAME: CORAL DEVELOPMENT CORP DATE OF NAME CHANGE: 19970225 8-K 1 d8k.txt 09/21/2001 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 21, 2001 OmniComm Systems, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 0-25203 11-3349762 (State or Other Jurisdiction of (Commission File Number) (IRS Employer Identification No.) Incorporation) 3250 Mary Street, Suite #402, Miami, Florida 33133 (Address of Principal Executive Offices) (Zip Code)
(305) 448-4700 (Registrant's telephone number, including area code) (Former Name or Former Address, if Changed Since Last Report) ITEM 5. Other Events. In a release dated September 25, 2001, OmniComm Systems, Inc. (OTC:BB: OMCM) announced that it had completed a $2 million equity private placement. Commonwealth Associates, L.P. of New York acted as placement agent and ComVest Venture Partners, L.P. acted as lead investor in the round. The private placement is comprised of 20 units, consisting of the Company's 8% Series B Convertible Preferred Stock and stock warrants. The units are each convertible into 400,000 shares of the Company's common stock, and five year warrants to purchase 400,000 shares of the Company's Common Stock. Approximately $330,000 of existing debt of the Company was converted into the financing. A news release is attached as Exhibit 99. ITEM 6. Resignation of Registrant's Directors Jan Vandamme resigned as a director of OmniComm Systems, Inc. effective September 19, 2001. Taking Mr. Vandamme's place on the Board of Directors is Harold Blue, Executive Vice President and Chief Operating Officer of Commonwealth Associates. ITEM 7. Exhibits. Exhibit 99 News Release dated September 25, 2001 is attached. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. OMNICOMM SYSTEMS, INC. Dated: September, 25, 2001 By:/s/ David Ginsberg, D.O. -------------------------- ------------------------ David Ginsberg, D.O. President, Chief Executive Officer and Director
EX-99 3 dex99.txt NEWS RELEASE EXHIBIT 99 OMNICOMM SYSTEMS, INC. SECURES FINANCING OF $2 MILLION MIAMI--(BWHealthWire)--September 25, 2001--OmniComm(SM) Systems, Inc. (OTCBB:OMCM- news) of Miami, Florida, a leading provider of Web-based clinical trial solutions for the pharmaceutical and healthcare industries today announces that it has completed a $2 million equity private placement. Commonwealth Associates, L.P. of New York acted as placement agent and ComVest Venture Partners, L.P. acted as lead investor in the round. The private placement is comprised of 20 units, consisting of the Company's 8% Series B Convertible Preferred Stock and stock warrants. The units are each convertible into 400,000 shares of the Company's common stock, and five year warrants to purchase 400,000 shares of the Company's Common Stock. Approximately $330,000 of existing debt of the Company was converted into the financing. Dr. David Ginsberg, CEO of OmniComm remarked, "Commonwealth's financial commitment will allow us to continue to execute our business plan." Ginsberg added, "We believe our technology will continue to gain wide acceptance in the clinical research industry. Our clients are experiencing dramatic results, especially in the area of moving their drugs through the development process faster, with cleaner, more accurate data." About OmniComm OmniComm(SM) (http://www.omnicomm.com) has developed a distinctive business model designed to integrate health information systems and coordinate the processes necessary to utilize health information. OmniComm is uniquely positioned to participate in and benefit from the burgeoning growth in the pharmaceutical, biotech, and medical device industry. OmniComm has developed an Internet-based approach to integrate the significant components -- data collection, validation, and reporting -- of the clinical trial process into a seamless process that is considerably less expensive, faster and better than the conventional method of conducting clinical trials. The TrialMaster(R) application (http://www.trialmaster.com) provides trial sponsors with a Web-based data and trial management solution that greatly increases the efficiency, security and integrity of clinical research and thus significantly reduces the time and expense involved in conducting a trial. Statements about OmniComm's future expectations, including without limitation, future revenues and earnings, plans and objectives for the future operations, future agreements, future economic performance, operations and all other statements in this press release other than historical facts are "forward- looking statements'' within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. OmniComm intends that such forward-looking statements be subject to the Safe Harbors created thereby. Since these statements involve risks and uncertainties, including but not limited to economic, competitive, governmental, contractual and technological factors affecting OmniComm's operations, markets and profitability, actual results could differ materially and adversely from the expected results. ______________ Contact: OmniComm Systems, Inc., Miami, Florida Peter Lash, JD 305/448-4700 invr@omnicomm.com