-----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, S31cnmhk9sig3KdDiMUsod5DjzRfveqEqocso+nzE+/wdoO32nvCwL1E1lY9O+N9 i7EFEvMLGdw+kI6kf7/CGA== 0001026018-04-000050.txt : 20041119 0001026018-04-000050.hdr.sgml : 20041119 20041119161454 ACCESSION NUMBER: 0001026018-04-000050 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20041101 ITEM INFORMATION: Unregistered Sales of Equity Securities ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20041119 DATE AS OF CHANGE: 20041119 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SYNERGY BRANDS INC CENTRAL INDEX KEY: 0000870228 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-GROCERIES & GENERAL LINE [5141] IRS NUMBER: 222993066 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 000-19409 FILM NUMBER: 041158107 BUSINESS ADDRESS: STREET 1: 40 UNDERHILL BLVD CITY: SYOSSET STATE: NY ZIP: 11791 BUSINESS PHONE: 5166821980 MAIL ADDRESS: STREET 1: 40 UNDERHILL BLVD CITY: SYOSSET STATE: NY ZIP: 11791 FORMER COMPANY: FORMER CONFORMED NAME: KRANTOR CORP DATE OF NAME CHANGE: 19930328 FORMER COMPANY: FORMER CONFORMED NAME: DELTA VENTURES INC DATE OF NAME CHANGE: 19600201 8-K/A 1 file001.txt SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K/A CURRENT REPORT Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934 Date of Report: November 19, 2004 Synergy Brands, Inc. (Exact name of registrant as specified in its charter) Delaware 0-19409 22-2993066 (State of incorporation) (Commission File No.) (IRS Employer Identification No.) 1175 Walt Whitman Road, Melville, New York 11747 (Address of principal executive offices) (zip code) Registrant's telephone number, including area code: (516) 714-8200 Not Applicable (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K Filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions. [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Item 3.02. Unregistered Sales of Equity Securities On November 16, 2004 Synergy Brands Inc. (SYBR) (the "Company") approved and accepted additional subscriptions from accredited investors on the earlier offering approved November 1, 2004 to whom the subscription opportunity was presented by the Company for securities sold directly by the Company in an offering exempt from registration under the Section 4(2) private transaction exemption allowed within the Securities Act of 1933 as amended. The securities offered and which were subscribed for consisted of 17 units, each unit consisting of 10,000 shares of the Company's non-convertible Class B Series A Preferred Stock and 15,000 shares of the Company's restricted Common Stock, each unit being sold for $100,000 per Unit. Total offering proceeds received by the Company was $1,700,000. Item 7.01. Regulation FD Disclosure. On November 1, 2004 the Company announced and commented upon its completing the offering referenced in Item 3.02 herein in a press release containing the announcement a copy of which press release is included as Exhibit 99 to this current report on Form 8-K and is incorporated herein by reference. SIGNATURES Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Synergy Brands, Inc. By: /s/ Mair Faibish ---------------- Mair Faibish Chairman of the Board By: /s/ Mitchell Gerstein --------------------- Mitchell Gerstein Chief Financial Officer Dated: November 19, 2004 EX-99 2 file002.txt Exhibit 99 Synergy Brands Completes a $1.5 million Private Placement Melville, NY (date) - Synergy Brands, Inc. (NASDAQ: SYBR) announced today the completion of a private placement of preferred stock and common stock consisting of 150,000 shares of Series A Class B preferred stock and 225,000 shares of restricted common stock. "This funding is important to Synergy in that it provides the capital needed to maintain and grow our business and lead to a potential reduction of interest and financing costs" said Mair Faibish, chairman and CEO of Synergy Brands. Synergy has been experiencing substantial revenue growth in all of its divisions, reporting revenues of $26 million for the six months ending June 30, 2004, an approximately 47 percent increase over revenue for the same period a year earlier. Synergy Brands, Inc. (SYBR or the Company) is a holding company that operates in the wholesale and Internet distribution of consumer goods as well as the retail distribution of premium cigars. It principally focuses on the sale of nationally known brand name consumer products manufactured by major U.S. manufacturers. The consumer products are concentrated within the Grocery and Health & Beauty Aids (HBA) industries as well as the premium cigar business. The Company distributes and sells these products through wholly owned subsidiaries in two distinct manners. The Company uses the advancements in web-based technology to process and use logistics based programs to optimize its distribution costs on both wholesale, internet and retail levels. This press release and company review and assumptions made regarding the financial figures and other information, referenced and presented, state and reflect assumptions, expectations, projections, intentions and/or beliefs about past and future events that are intended as "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. You can identify these statements by the fact that they do not relate to historical or current facts. They use words such as "anticipate", "estimate", "project", "forecast", "may", "will", "should", "expect", "assume", and other deviations thereof and other words of similar meaning. In particular these include, but are not limited to, statements reflecting the projected revenues, earnings, profit and loss of the Company and associated costs. Any or all of the Company's forward-looking statements may turn out to be wrong. They can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. EBITDA is a financial term that management believes is a relevant measurement for the industries the Company operates in. However EBITDA is not recognized as a GAAP measurement and should not be relied upon as such. For a description of many of these risks and uncertainties, please refer to the company's filings with the U.S. Securities & Exchange Commission (www.sec.gov) including Forms 10KSN and 10QSB. -----END PRIVACY-ENHANCED MESSAGE-----