-----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, CJBFlHwwUaR+xIhgbX38+9+JiizoDicItflgU0mQOgK/2nPFy0CKiHfTUKWCK0Bb bi/0FWtwaeGfxqx12d5xcg== 0000912057-96-011429.txt : 19970502 0000912057-96-011429.hdr.sgml : 19970502 ACCESSION NUMBER: 0000912057-96-011429 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19960528 ITEM INFORMATION: Acquisition or disposition of assets FILED AS OF DATE: 19960604 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: DIRECT CONNECT INTERNATIONAL INC CENTRAL INDEX KEY: 0000840815 STANDARD INDUSTRIAL CLASSIFICATION: 3944 IRS NUMBER: 222705223 STATE OF INCORPORATION: DE FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-18288 FILM NUMBER: 96576335 BUSINESS ADDRESS: STREET 1: 700 GODWIN AVE CITY: MIDLAND PARK STATE: NJ ZIP: 07432 BUSINESS PHONE: 2014452101 8-K 1 8-K 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) MAY 28, 1996 DIRECT CONNECT INTERNATIONAL INC. (Exact name of registrant as specified in its charter) DELAWARE 0-18288 22-2705223 (State or other (Commission (IRS Employer jurisdiction of File Number) Identification No.) incorporation) 700 GODWIN AVENUE, MIDLAND PARK, NEW JERSEY 07432 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (201)445-2101 - - - ------------------------------------------------------------------------------- (Former name or former address, if changed since last report) Item 5. Other Events On May 28, 1996, the Company established a margin account with the brokerage firm of Cowen & Company (Cowen) in New York. In that connection, the Company delivered 300,000 shares of common stock of Glasgal Communications, Inc. held by the Company to Cowen and borrowed $500,000 against such account. The Company intends to loan such proceeds to Evolutions, Inc. (EVO) for the purpose of promoting EVO's Kidsview product line which the Company is managing under a management contract. The loan is expected to be for a period of six(6) months, with interest at the rate of ten percent (10%) per annum. The loan will be secured by shares of EVO's common stock, accounts receivable and inventory and is intended as an interim financing arrangement regarding EVO's Kidsview product line pending completion by EVO of a private placement financing for that purpose, among other things. In connection with the loan, the Company expects to receive warrants to purchase shares of EVO common stock. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. Financial Statements: Not applicable Pro Forma Financial Information: Not applicable Exhibits: None 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. DIRECT CONNECT INTERNATIONAL INC. (Registrant) Date MAY 28, 1996 By /s/ PETER L. SCHNEIDER ---------------------------- Peter L. Schneider President and Chief Operating Officer -----END PRIVACY-ENHANCED MESSAGE-----