-----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, GTrbsBztMqvmJY+KwskhvmW+lIXymB2xnOhhGqxoP3CmREwP3K9qRL4Mo/GciVaC 7nqG6oSotUM2HXOCCt173w== 0001017062-02-000614.txt : 20020415 0001017062-02-000614.hdr.sgml : 20020415 ACCESSION NUMBER: 0001017062-02-000614 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020327 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020402 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: 02599616 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 SOURCINGLINK.NET 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 27, 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 27, 2002, SourcingLink.net, Inc., a Delaware corporation ("SourcingLink" or the "Company"), completed a private placement equity financing in which it raised $100,000 in gross proceeds from a certain accredited investor (the "Equity Financing"). Pursuant to the terms of the Equity Financing, the Company sold and issued to such investor an aggregate of (i) 111,111 shares of the Company's common stock for a purchase price of $0.90 per share and (ii) a seven-year warrant (the "Warrant") to purchase up to 111,111 additional shares of the Company's common stock at an exercise price of $1.00 per share; provided, however between March 29, 2002 and May 15, 2002 and at any time during the month of March 2003, SourcingLink can require the warrantholder to exercise the Warrant for up to an aggregate of 55,555 shares of common stock at an exercise price of $0.90 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 April 1, 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 April 1, 2002, announcing completion of $100,000 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: April 1, 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 April 1,2002, announcing completion of $100,000 equity financing. 5 EX-99.1 3 dex991.txt SOURCINGLINK.NET PRESS RELEASE ISSUED APR. 1, 2002 Exhibit 99.1 [LETTERHEAD OF 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 ADDITIONAL $100,000 EQUITY FINANCING; BRINGS TOTAL RAISED DURING FISCAL FOURTH QUARTER TO $650,000 SAN DIEGO, CA, APRIL 1, 2002 - SourcingLink.net, Inc. (NASDAQ - SNET), a leader in business-to-business merchandise sourcing for the retail industry, today announced that it has raised $100,000 in gross proceeds through the private placement of common stock and warrants to purchase common stock to an accredited investor. This financing was completed following a recently concluded $550,000 financing, bringing the total raised during the quarter ended March 31, 2002, to $650,000. The funds will be used to expand the Company's sales and marketing activities and provide additional working capital for the Company. In connection with the financing, SourcingLink issued 111,111 shares of common stock at $0.90 per share and seven-year warrants to purchase an additional 111,111 shares of common stock at an exercise price of $1.00 per share; provided, however, between March 29, 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 55,555 shares of common stock at an exercise price of $0.90 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. 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 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. ### -----END PRIVACY-ENHANCED MESSAGE-----