-----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, EAAuVfFy6eaetAN9xxf/2++KYhFh4Iw09BDO83fjLtzi6fF/pRFjGE1W2cJbXhSc VmPd8GVZfsDXEj++Ed6Oow== 0001017062-02-000600.txt : 20020415 0001017062-02-000600.hdr.sgml : 20020415 ACCESSION NUMBER: 0001017062-02-000600 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020320 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020401 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SOURCINGLINK NET INC CENTRAL INDEX KEY: 0000825517 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 980132465 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-28391 FILM NUMBER: 02596813 BUSINESS ADDRESS: STREET 1: 650 CASTRO STREET SUITE 210 STREET 2: C/O RICHARD S LANE ESQ CITY: MOUNTAIN VIEW STATE: CA ZIP: 94041 BUSINESS PHONE: 6509661214 MAIL ADDRESS: STREET 1: 650 CASTRO ST STREET 2: STE 210 CITY: MOUNTAIN VIEW STATE: CA ZIP: 94041 FORMER COMPANY: FORMER CONFORMED NAME: QCS CORP DATE OF NAME CHANGE: 19941216 FORMER COMPANY: FORMER CONFORMED NAME: QCS NET CORP DATE OF NAME CHANGE: 19990621 FORMER COMPANY: FORMER CONFORMED NAME: PARKWAY CAPITAL CORP DATE OF NAME CHANGE: 19920703 8-K 1 d8k.txt FORM 8-K FOR SOURCING LINK SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ---------------------- FORM 8-K Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 March 20, 2002 -------------- (Date of earliest event reported) SOURCINGLINK.NET, INC. ---------------------- (Exact name of Registrant as specified in charter) Delaware 000-28391 98-0132465 --------------------------------------------------------------------- (State or other jurisdiction (Commission (I.R.S. Employer of incorporation) File Number) Identification No.) 16855 West Bernardo Drive, Suite 260, San Diego, CA 92127 ------------------------------------------------------------- (Address of principal executive offices) (Zip Code) (858) 385-8900 -------------- (Registrant's telephone number, including area code) Not Applicable -------------- (Former name or former address, if changed, since last report.) Page 1 of 6 Pages ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE. On March 20, 2002, SourcingLink.net, Inc., a Delaware corporation ("SourcingLink" or the "Company"), completed a private placement equity financing in which it raised $550,000 in gross proceeds from certain institutional investors (the "Equity Financing"). Pursuant to the terms of the Equity Financing, the Company sold and issued to such investors an aggregate of (i) 1,100,000 shares of the Company's common stock for a purchase price of $0.50 per share and (ii) seven-year warrants (the "Warrants") to purchase up to 1,100,000 additional shares of the Company's common stock at an exercise price of $0.75 per share; provided, however between March 22, 2002 and May 15, 2002 and at any time during the month of March 2003, SourcingLink can require the warrantholders to exercise the Warrants for up to an aggregate of 550,000 shares of common stock at an exercise price of $0.50 per share. The purpose of the Equity Financing was to raise additional funds to expand the Company's sales and marketing activities and provide additional working capital for the Company. On March 25, 2002, SourcingLink issued a press release announcing the completion of the Equity Financing. A copy of such press release is attached hereto as Exhibit 99.1 and by this reference made a part hereof. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. (a)-(b) Not applicable. (c) Exhibits. 99.1 Press Release of SourcingLink.net, Inc. issued on March 25, 2002, announcing completion of $550,000 equity financing. 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. SOURCINGLINK.NET, INC. Dated: March 26, 2002 /s/ Gary Davidson ---------------------------------- Gary Davidson VP Finance & Administration and Chief Financial Officer EXHIBIT INDEX Exhibit Number Description Page Number - -------------- ----------- ----------- 99.1 Press Release of SourcingLink.net, Inc. issued on March 25, 2002, announcing completion of $550,000 equity financing. 5 EX-99.1 3 dex991.txt PRESS RELEASE DATED 3/25/02 Exhibit 99.1 SourcingLink(TM) PRESS RELEASE INVESTOR RELATIONS CONTACT Gary Davidson Chief Financial Officer 858.385.8900, Ext. 301 Fax: 858.385.8997 Email: investor@sourcinglink.net FOR IMMEDIATE RELEASE: SOURCINGLINK ANNOUNCES COMPLETION OF $550,000 EQUITY FINANCING SAN DIEGO, CA, MARCH 25, 2002 - SourcingLink.net, Inc. (NASDAQ - SNET), a leader in business-to-business merchandise sourcing for the retail industry, today announced that it has raised $550,000 in gross proceeds through the private placement of common stock and warrants to purchase common stock to a select group of institutional investors. The purpose of this financing was to raise additional funds to expand the Company's sales and marketing activities and provide additional working capital for the Company. In connection with the financing, SourcingLink issued 1.1 million shares of common stock and seven-year warrants to purchase an additional 1.1 million shares of common stock at an exercise price of $0.75 per share; provided, however, between March 22, 2002 and May 15, 2002 and at any time during the month of March 2003, SourcingLink can require the warrantholders to exercise the warrants for up to an aggregate of 550,000 shares of common stock at an exercise price of $0.50 per share. The shares and the warrants have not been registered under the Securities Act of 1933, as amended (the "Act"), and may not be offered or sold in the United States absent an effective registration statement under the Act covering such shares or warrants or a valid exemption from the registration requirements of the Act. "This new investment from high quality institutional investors further strengthens our cash position and enables us to more aggressively expand our sales channels in response to positive market reception of our products and services," said President and CEO, Dan Rawlings. About SourcingLink: SourcingLink (www.SourcingLink.net) is a leader in business-to-business -------------------- merchandise sourcing, providing strategic services and hosted solutions that enable retail buyers and their suppliers from SourcingLink Fax: 858.385.8997 16855 W. Bernardo Dr., Suite 260 Email Address: emarketing@sourcinglink.net San Diego, CA 92127 - USA Web Site: www.SourcingLink.net Tel: 858.385.8900 or 800.717.4565 around the world to market, source and negotiate with speed and improved margin. SourcingLink is a registered trademark of SourcingLink.net, Inc. Any statements in this announcement about future events or outcomes are preliminary and based on partial information and assumptions, and actual results may differ. The matters discussed in this announcement contain forward-looking statements that involve risks and uncertainties, including the successful deployment of new Web-based technologies and solutions, the development and growth of markets targeted by SourcingLink, the continued employment of key employees, the acceptance of electronic collaborative solutions, services and exchanges by retailers and suppliers, the successful and timely marketing and sales of the company's services and solutions with retailers, suppliers and exchanges, the continuation of agreements with significant business partners, subsequent competition and the impact of supply chain exchanges, general economic conditions in the U.S. and abroad, and other risks detailed from time to time in the company's public disclosure filings with the U.S. Securities and Exchange Commission (SEC). Copies of the most recent forms 10KSB and 10QSB of SourcingLink are available upon request from its corporate office. SourcingLink expressly disclaims any obligation to revise the forward-looking statements contained herein to reflect events or circumstances after the date hereof or otherwise to revise or update any oral or written forward-looking statement that may be made from time to time by or on behalf of the company. ### SourcingLink Fax: 858.385.8997 16855 W. Bernardo Dr., Suite 260 Email Address: emarketing@sourcinglink.net San Diego, CA 92127 - USA Web Site: www.SourcingLink.net Tel: 858.385.8900 or 800.717.4565 -----END PRIVACY-ENHANCED MESSAGE-----