-----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, HjfJtqvtCUiipcu4gQIqOJ4WeJCxaUONkwMkjUDfxOqe+kZeRvYeoZ1OY7dU9lPm i6DaikcYwVucgkF/8jW18A== 0001047469-98-023155.txt : 19980608 0001047469-98-023155.hdr.sgml : 19980608 ACCESSION NUMBER: 0001047469-98-023155 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19980529 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19980605 SROS: AMEX FILER: COMPANY DATA: COMPANY CONFORMED NAME: MEDIA LOGIC INC CENTRAL INDEX KEY: 0000815185 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374] IRS NUMBER: 042772354 STATE OF INCORPORATION: MA FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-09605 FILM NUMBER: 98643361 BUSINESS ADDRESS: STREET 1: 310 SOUTH ST STREET 2: P O BOX 2258 CITY: PLAINVILLE STATE: MA ZIP: 02762 BUSINESS PHONE: 5086952006 MAIL ADDRESS: STREET 1: 310 SOUTH ST STREET 2: P O BOX 2258 CITY: PLAINVILLE STATE: MA ZIP: 02762 8-K 1 8-K 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 (Date of earliest event reported): May 29, 1998 Media Logic, Inc. ----------------- (Exact name of registrant as specified in its charter) Massachusetts 1-9605 04-2772354 ------------- ------ ---------- (State or other (Commission (IRS Employer jurisdiction of File Number) Identification No.) incorporation) 310 South Street ---------------- Plainville, MA 02762 -------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (508) 695-2006 Exhibit Index on page 4. Item 5. Other Events. - ---------------------- On May 29,1998, the Registrant publicly disseminated a press release announcing that the Registrant had completed a financing in which the Registrant raised gross proceeds of $1,850,000. The information contained in the press release is incorporated herein by reference and filed as Exhibit 99.1 hereto. Item 7. Financial Statements and Exhibits. - ------------------------------------------- (c) Exhibits. 99.1 The Registrant's Press Release dated May 29, 1998. 2 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. MEDIA LOGIC, INC. ------------------ (Registrant) Date: June 5, 1998 /s/ John T. Loughran -------------------- John T. Loughran Principal Accounting Officer 3 EXHIBIT INDEX -------------
Exhibit Sequential Number Description Page Number - ------ ----------- ----------- 99.1 The Registrant's Press Release 5 dated May 29,1998
4 EX-99.1 2 EX-99.1 MEDIALOGIC EXHIBIT 99.1 310 South Street Plainville, MA 02762 Fax: 508-695-8593 FOR IMMEDIATE RELEASE Steve Hodge Rob Morton MediaLogic PAN Communications 508-695-2006 978-474-1900 rmorton@pancomm.com MEDIALOGIC ANNOUNCES COMPLETION OF LATEST ROUND OF FUNDING; INDUSTRY SPECIALISTS AND COMPANY OFFICIALS MAKE SIGNIFICANT CONTRIBUTION Plainville, MA -- May 29, 1998 -- MediaLogic Inc. (AMEX: TST), a leading developer and manufacturer of automated tape library back-up solutions, today announced that it had completed a private placement of the Company's common stock. Gross proceeds from the placement was $1,850,000. This equates to 2,048,895 shares at a price of 90 cents a share. Greg Scorziello, President and Chief Executive Officer said, "It is noteworthy that a significant portion of the funds have come from individuals who are associated with the Company. Michael Salter, Chairman of the Board, and others have committed funds to support MediaLogic. Additionally, almost forty per cent of the funding has been secured from a large distributor of on line and near line storage products in Southern Europe. We are working on an agreement to establish them as the sole distributor for MediaLogic products in the region. We believe that their involvement shows confidence in the Company's future." Scorziello added, "With this latest round of funding, we believe that MediaLogic is extremely well positioned to gain a sizeable share of the rapidly expanding market for automated tape libraries. Our unique library technology offers significant benefits in simplified installation, operation and servicing; they are modular and highly scalable, and equipped for high availability and reliability. In addition, our open architecture and media independence helps to ensure both short term and long term protection of investment. We also offer the highest capacity combined with the smallest footprint of any unit in the industry. Our goal is to position MediaLogic as a significant player in the rapidly expanding, data storage marketplace. This new funding will help to position the Company to achieve that goal." The Company wishes to take advantage of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 with respect to statements that may be deemed 5 to be forward-looking statements under the Act. Such forward-looking statements may include, but are not limited to, statements regarding development and sales of the Company's tape library product line. The Company cautions that numerous factors could cause actual results to differ materially from any forward-looking statements made by the Company. The Company does not fully satisfy all of the American Stock Exchange guidelines for continued listing and there is no assurance that this listing will be continued. About MediaLogic MediaLogic Inc., founded in 1982, is a leading developer and manufacturer of innovative storage solutions, which automate and simplify the centralization and security of business data. Located in Plainville, Massachusetts, MediaLogic's headquarters can be reached at 508-695-2006, or http://www.medialogicinc.com. ### Company names and/or Product names are acknowledged as being trademarks or registered trademarks of their respective holders. 6 -----END PRIVACY-ENHANCED MESSAGE-----