FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
[X] AMENDMENT NO. 1 TO FORM 8-K
For the transition period from ____________________to _____________________
COMMISSION FILE NO. 1-14168
BELL TECHNOLOGY GROUP LTD.
(Exact name of registrant as specified in its Charter)
DELAWARE
(State of Incorporation)
13-3781263
(I.R.S. Employer Identification Number)
295 Lafayette Street, 3rd Floor, New York, New York
(Address of Principal Executive Offices)
10012
(Zip Code)
(212) 334-8600
(Registrant's Telephone Number, Including Area Code)
NOT APPLICABLE
(Former Name, Former Address and Former Fiscal Year if changed since last
report)
Indicate by a check mark whether the registrant: (1) has filed all annual,
quarterly and other reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months (or shorter
period that the registrant was required to file such reports); and (2) has
been subject to such filing requirements for the past 90 days.
YES X No
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Item 2. ACQUISITION OR DISPOSITION OF ASSETS.
On May 1, 1997, Registrant entered into the Loan and Security Agreement
with FINOVA Capital Corporation (the "Agreement"). Under the terms of the
Agreement, FINOVA has made a loan to Registrant in the amount of $873,609.79 at
an interest rate of 12.19% per annum. The Registrant has granted FINOVA a
security interest in certain assets. Registrant's subsidiaries, NAFT
International Ltd., NAFT Computer Services Corp., PFM Communications, Inc. and
Bluestreak Digital, Inc., have guaranteed payment to FINOVA.
2
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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.
BELL TECHNOLOGY GROUP LTD.
By /s/
-----------------------------------
Robert B. Bell, Executive
Vice President and Chief
Financial Officer
Dated: July 18, 1997
