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
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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
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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