-----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, RPlvSKrdElXGgJcI0esIhGaKP97egYShP61UCcW5Xo0MB5LaRkD/Ti+8NLX6UyqP e5+7AMnUXkXoKKRUbR16LQ== 0000950123-96-000725.txt : 19960223 0000950123-96-000725.hdr.sgml : 19960223 ACCESSION NUMBER: 0000950123-96-000725 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19960222 ITEM INFORMATION: Other events FILED AS OF DATE: 19960222 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: DIGITAL SOLUTIONS INC CENTRAL INDEX KEY: 0000785557 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-ENGINEERING, ACCOUNTING, RESEARCH, MANAGEMENT [8700] IRS NUMBER: 221899798 STATE OF INCORPORATION: NJ FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-18492 FILM NUMBER: 96524307 BUSINESS ADDRESS: STREET 1: 4041-F HADLEY RD CITY: SOUTH PLAINFIELD STATE: NJ ZIP: 07080 BUSINESS PHONE: 9085611200 MAIL ADDRESS: STREET 1: 4041 F HADLEY RD CITY: SOUTH PLAINFIELD STATE: NJ ZIP: 07080 8-K 1 DIGITAL SOLUTIONS, INC. 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ---------------------- FORK 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) February 22, 1996 ----------------- DIGITAL SOLUTIONS, INC. - ------------------------------------------------------------------------- (Exact name of Registrant as specified in charter) New Jersey 0-18492 22-1899798 - ------------------------------------------------------------------------- (State or other jurisdic- (Commission (IRS Employer tion of incorporation) File Number) Identification No.) 4041-F Hadley Road, South Plainfield, N.J. 07080 - ------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (908) 561-1200 --------------------- - ------------------------------------------------------------------------- (Former name or former address, if changed since last report.) 2 ITEM 5. OTHER EVENTS. The Company issued the following press release regarding a private placement offering of securities under Section 4(2) and/or Regulation D of the Securities Act of 1933: South Plainfield, NJ, Feb. 21 -- DSI - Digital Solutions, Inc. (NASDAQ: DGSI), a leading third party provider of human resources management services, announced today that it has raised $1.9 million via a private equity financing, and intends to raise a total of $3.5 million through this placement. As a result of the financing, DSI has retired $1 million of a bridge note which was due to one fund on Nov. 28, 1995. Raymond J. Skiptunis, CEO, stated, "The placement of the equity was anti-dilutive, primarily as a result of the reduction of interest expense, and will also improve our balance sheet dramatically. This expression of confidence in the future of DSI reflects the growing interest in our industry by the investment community." THE SECURITIES OFFERED IN THE PRIVATE PLACEMENT OFFERING WILL NOT BE AND HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN APPLICABLE EXEMPTION FROM REGISTRATION REQUIREMENTS. 2 3 SIGNATURE Pursuant to the requirements Of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed an its behalf by the undersigned hereunto duly authorized. DIGITAL SOLUTIONS, INC. (Registrant) By S/ Raymond J. Skiptunis ----------------------- Raymond J. Skiptunis Vice Chairman Dated: February 22, 1996 4 -----END PRIVACY-ENHANCED MESSAGE-----