8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 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) November 3, 2003

SOURCINGLINK.NET, INC.

(Exact name of registrant as specified in its charter)

Delaware	000-28391	98-0132465
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

16855 West Bernardo Drive, Suite 260,
San Diego, CA	92127
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (858) 385-8900

Not applicable

(Former name or former address, if changed since last report.)

Item 7. Financial Statements and Exhibits.

(a) Not applicable.

(b) Not applicable.

(c) Exhibits. The following exhibit is filed as part of this report:

Exhibit Number	Description
99.1	Press Release dated November 3, 2003.

Item 12. Results of Operations and Financial Condition.

On November 3, 2003, the Registrant issued a press release regarding its financial results for the second quarter and first six months of fiscal year 2004, ended September 30, 2003. A copy of the press release issued by the Registrant concerning its financial results is attached hereto as Exhibit 99.1 and incorporated herein by reference.

The information in this Current Report on Form 8-K, including Exhibit 99.1, is furnished pursuant to Item 12 and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.

The press release contains only a very brief description of the proposed going private transactions and is not a solicitation of a proxy or an offer to acquire any shares of the Registrant’s common stock. Details of the Registrant’s previously announced going private transactions may be found in the Registrant’s preliminary proxy statement and Schedule 13e-3, each as filed with the Securities and Exchange Commission (the “SEC”) on October 24, 2003, as well as the Registrant’s Amendment No. 1 to Schedule 13e-3 filed with the SEC on October 27, 2003. The Registrant plans to mail to each stockholder a final proxy statement prior to the annual meeting, which is anticipated to be held towards the end of this calendar year. Stockholders are advised to read the proxy statement carefully because it will contain important information about the proposed going private transactions, the persons soliciting proxies, and their interests in the transactions and related matters. Stockholders may obtain free copies of the proxy statement, when available, and other documents filed by the Registrant at the SEC’s website, www.sec.gov.

SIGNATURE

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.
November 3, 2003	/s/    Gary J. Davidson
	Gary J. Davidson, VP Finance and Administration, Chief    Financial Officer and Chief    Operating Officer

EXHIBIT INDEX

Exhibit Number	Description	Sequentially Numbered Page
99.1	Press Release dated November 3, 2003.	5

EX-99.1

Exhibit 99.1

[LOGO]

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 SECOND QUARTER RESULTS

SAN DIEGO, CA, NOVEMBER 3, 2003, — SourcingLink.net, Inc. (OTC BB: SNET.OB), a provider of business-to-business merchandise eSourcing, today announced the results for its fiscal 2004 second quarter and six months, ended September 30.

Net revenues for the second quarter were $421,000, compared to $719,000 in the same period a year ago. The net loss for the three-month period ended September 30, 2003 was $433,000, or $0.04 a share, compared to a net loss of $510,000, or $0.05 a share, a year ago. For the six-month period ended September 30, 2003, net revenues were $948,000, compared to $1,625,000 in the prior fiscal year’s first six months, and the operating loss in the first six months of fiscal year 2004 was $802,000, compared to an operating loss of $889,000 in last year’s first six months. The net loss for the six month period ended September 30, 2003 was $804,000, or $0.08 a share, compared to a net loss of $789,000, also $0.08 a share, in the same period last year.

The decline in net revenues for the three and six-month periods as compared to the same periods in the prior year is due to a lower level of services activity in the current fiscal year, primarily associated with the successful completion in the first part of fiscal 2004 of the services work under a multi-year project for Carrefour S.A. The decrease in services under the Carrefour contract was partially offset by increases in non-Carrefour services revenue. The Company’s six-month operating loss of $802,000 was approximately $90,000 less than the operating loss in the first six months of the prior year as cost reductions undertaken by the Company in the latter part of fiscal year 2003 offset the impact of the lower level of revenue this year. The difference in the operating loss and the net loss in the prior year’s six-month period was primarily due to a one-time gain of $98,000 recognized upon the June 2002 closure of the Company’s non-operating subsidiary, of which $86,000 was due to cumulative foreign currency translation amounts.

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SourcingLink 16855 West Bernardo Dr., Suite 260 San Diego, CA 92127 - USA Tel: 858.385.8900 or 800.717.4565 Fax:858.385.8997 marketing@sourcing link .net www.sourcinglink.net

SourcingLink’s Chairman and CEO Marcel van Heesewijk said, “SourcingLink is positioned to pursue several market opportunities for its solution, but sales cycles remain lengthy. Accordingly, we recently announced our plans to take the Company private and eliminate the substantial costs associated with being a public company. We believe this step is critical to our future, as a company of our size and resources cannot currently afford the costs and expenses to maintain our public company status. Further, this step gives our smaller stockholders a means of cashing out their shares of our common stock without having to pay any brokerage fees.”

Mr. van Heesewijk added, “We look forward to continuing our pursuit of market opportunities. We have begun a pilot project for MySourcingCenter^® with a new prospect and, related to our agreement with the WorldWide Retail Exchange, are working on a pilot phase for our services work in a new location with a current customer. With the retail industry beginning to standardize electronic data formats globally and establish standard data pools, we believe the coming 12 to 18 months will see the beginning of more electronic links between retailers and their suppliers, and we will continue to pursue our place in that market.”

This press release is not a solicitation of a proxy or an offer to acquire any shares of the Company’s common stock. Information concerning the proposed going private transactions will be included in the proxy statement to be furnished to stockholders. SourcingLink has filed a preliminary proxy statement covering the proposed transactions with the Securities and Exchange Commission (www.sec.gov), and will mail a copy of the final proxy statement to its stockholders prior to the annual meeting, which is anticipated to be held towards the end of this calendar year. Stockholders are advised to read the proxy statement carefully because it will contain important information about the proposed going private transactions, the persons soliciting proxies, and their interests in the transactions and related matters.

About SourcingLink:

SourcingLink (www.SourcingLink.net) is a provider of business-to-business merchandise sourcing solutions for the retail industry, 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 and MySourcingCenter are registered trademarks 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 materially. The matters discussed in this announcement contain forward-looking statements that involve risks and uncertainties, including, but not limited to, the approval of the stockholders and occurrence of certain conditions precedent to complete the going private transactions, 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

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SourcingLink 16855 West Bernardo Dr., Suite 260 San Diego, CA 92127 - USA Tel: 858.385.8900 or 800.717.4565 Fax:858.385.8997 marketing@sourcing link .net www.sourcinglink.net

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. 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.

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SourcingLink 16855 West Bernardo Dr., Suite 260 San Diego, CA 92127 - USA Tel: 858.385.8900 or 800.717.4565 Fax:858.385.8997 marketing@sourcing link .net www.sourcinglink.net

SourcingLink.net, Inc. (SNET.OB)

Condensed Statements Of Operations

(Unaudited)

	Three months ended September 30,						Six months ended September 30,
	2003			2002			2003			2002
Revenue	$	421,000		$	719,000		$	948,000		$	1,625,000
Cost of revenue		237,000			271,000			471,000			579,000
Gross profit		184,000			448,000			477,000			1,046,000
Operating expenses:
Selling, general and administrative		512,000			802,000			1,079,000			1,616,000
Product development		102,000			162,000			200,000			319,000
Total operating expenses		614,000			964,000			1,279,000			1,935,000
Operating loss		(430,000	)		(516,000	)		(802,000	)		(889,000	)
Other income (expense), net		(3,000	)		6,000			(2,000	)		100,000
Net loss	$	(433,000	)	$	(510,000	)	$	(804,000	)	$	(789,000	)
Net loss per common share (basic and diluted)	$	(0.04	)	$	(0.05	)	$	(0.08	)	$	(0.08	)
Weighted average number of shares used in
per share calculation (basic and diluted)		10,923,000			9,360,000			10,143,000			9,359,000

Condensed Balance Sheets

(Unaudited)

	September 30, 2003		March 31, 2003
ASSETS
Current assets:
Cash and cash equivalents	$	851,000	$	1,346,000
Accounts receivable, net		299,000		171,000
Other current assets		83,000		59,000
Total current assets		1,233,000		1,576,000
Property and equipment and other non-current assets, net		141,000		175,000
Total assets	$	1,374,000	$	1,751,000
LIABILITIES & STOCKHOLDERS' EQUITY
Current liabilities	$	840,000	$	879,000
Total stockholders' equity		534,000		872,000
Total liabilities and stockholders' equity	$	1,374,000	$	1,751,000

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SourcingLink 16855 West Bernardo Dr., Suite 260 San Diego, CA 92127 - USA Tel: 858.385.8900 or 800.717.4565 Fax:858.385.8997 marketing@sourcing link .net www.sourcinglink.net