-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, FI4sCzYOojfAe62OuSRMwGgQU/OMQNiF0br47xZQ7KNOeoNTI8+Xgz1xa0+7XKfE d4gfDp3Npw/H+AaJ44X/dg== 0000911420-03-000061.txt : 20030314 0000911420-03-000061.hdr.sgml : 20030314 20030314145335 ACCESSION NUMBER: 0000911420-03-000061 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030314 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030314 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MKTG SERVICES INC CENTRAL INDEX KEY: 0000014280 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 880085608 STATE OF INCORPORATION: NV FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-01768 FILM NUMBER: 03604003 BUSINESS ADDRESS: STREET 1: 333 SEVENTH AVENUE STREET 2: 20TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 917-339-7200 MAIL ADDRESS: STREET 1: 333 SEVENTH AVENUE CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: SPORTS TECH INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: ALL-COMM MEDIA CORP DATE OF NAME CHANGE: 19950823 FORMER COMPANY: FORMER CONFORMED NAME: BRISTOL HOLDINGS INC DATE OF NAME CHANGE: 19920518 FORMER COMPANY: FORMER CONFORMED NAME: MARKETING SERVICES GROUP INC DATE OF NAME CHANGE: 19970707 8-K 1 d875790.txt CURRENT REPORT SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: March 14, 2003 MKTG SERVICES, INC. ------------------ (Exact name of Registrant as specified in charter) Nevada 0-16730 88-0085608 - -------------------------------------------------------------------------------- (State or other (Commission (I.R.S. Employer jurisdiction of File No.) Identification No.) incorporation) 333 Seventh Avenue New York, New York 10001 ------------------------ (Address of Principal Executive Offices) 917/339-7100 ------------ (Registrant's telephone number, including area code) ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE. As previously reported on our Current Report on Form 8-K dated March 5, 2003, on such date a Nasdaq Listing Qualifications Panel determined to continue the listing of the Company's securities on the Nasdaq SmallCap Market on the condition, among other things, that the Company make a public filing with the Securities and Exchange Commission and Nasdaq evidencing stockholders' equity of at least $2,5000,000. The filing is to contain an unaudited balance sheet no older than 45 days including pro forma adjustments for any significant events or transactions occurring on or before the filing date. This report on Form 8-K is being filed by the Company in compliance with such condition and for the purpose of filing, as part of this report, a balance sheet as of January 31, 2003 demonstrating a stockholders' equity of at least $2,500,000. The balance sheet filed as an exhibit to this report is unaudited and speaks only as of its date and is not necessarily indicative of the balance sheet of the Company or the Company's results of operations for any other period. Further, it does not contain any footnotes or other disclosures. Therefore, the balance sheet presented was not prepared in accordance with GAAP. The Company's next regularly scheduled report on Form 10-Q for the fiscal quarter ending March 31, 2003 is due to be filed by the Company on or before May 15, 2003. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. (a) N/A (b) N/A (c) The following documents are filed herewith as exhibits to this Form 8-K: 99.1 Unaudited Balance Sheet as at January 31, 2003. SIGNATURES In accordance with the requirements of the Exchange Act, the registrant has caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. MKTG SERVICES, INC. (Registrant) Date: March 14, 2003 By: /s/ J. Jeremy Barbera ------------------------------------------ J. Jeremy Barbera Chairman of the Board and Chief Executive Officer EX-99.1 3 e875892.txt CONDENSED CONSOLIDATED BALANCE SHEET Exhibit 99.1
MKTG SERVICES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEET (unaudited) January 31, 2003 ASSETS Current assets: Cash and cash equivalents $ 1,844,157 Accounts receivable, net of allowance for doubtful accounts of $94,000 1,381,273 Restricted cash - Other current assets 1,293,941 ----------- Total current assets 4,519,371 Intangible assets, net 2,305,553 Property and equipment, net 805,254 Related party note receivable 1,019,029 Other assets 32,420 ----------- Total assets $ 8,681,627 =========== LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Short - term borrowing $ 14,487 Accounts payable-trade 328,590 Accrued expenses and other current liabilities 1,812,918 Net liabilities of discontinued operations 1,474,290 Current portion of capital lease obligations - Current portion of long-term obligations 298,824 ----------- Total current liabilities 3,929,109 Capital lease obligations, net of current portion - Long-term obligations, net of current portion - Other liabilities 1,348,804 --------- Total liabilities 5,277,913 Minority interest in preferred stock of discontinued subsidiary 280,946 Commitments and contingencies Stockholders' equity: Common stock - $.01 par value; 9,375,000 authorized; 1,101,198 shares issued as of January 31, 2003 11,011 Additional paid-in capital 220,258,236 Accumulated deficit (215,752,769) Less: 8,832 shares of common stock in treasury, at cost (1,393,710) ----------- Total stockholders' equity 3,122,768 ---------- Total liabilities and stockholders' equity $ 8,681,627 ============
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