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) December 8, 1999
NETLOJIX COMMUNICATIONS, INC.
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(Exact Name of Registrant as Specified in its Charter)
Delaware
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(State or Other Jurisdiction of Incorporation)
0-27580 87-0378021
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(Commission File Number) (I.R.S. Employer Identification No.)
501 Bath Street, Santa Barbara, California 93101
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(Address of Principal Executive Offices) (Zip Code)
(805) 884-6300
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(Registrant's Telephone Number, Including Area Code)
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ITEM 5. OTHER EVENTS.
On December 8, 1999, NetLojix Communications, Inc. ("NetLojix") received
formal notification from The Nasdaq Stock Market that NetLojix has been
found to be in compliance with the net tangible assets/market
capitalization/net income requirement and all requirements necessary for
continued listing on The Nasdaq SmallCap Market(sm). The Listing
Qualifications Panel hearing previously scheduled for Thursday, Dec. 9, and
highlighted in NetLojix's Form 10-Q for the quarter ended September 30,
1999, was cancelled.
Attached as Exhibit 99.1 is NetLojix's press release regarding this
notification.
ITEM 7: FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
EXHIBITS.
(c) EXHIBITS.
99.1 Press Release, dated December 8, 1999, of NetLojix.
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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.
NETLOJIX COMMUNICATIONS, INC.
Dated: December 14, 1999 By: /s/ ANTHONY E. PAPA
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Anthony E. Papa
Chairman and Chief Executive
Officer
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EXHIBIT 99.1
NASDAQ CANCELS DELISTING HEARING: NETLOJIX IN FULL COMPLIANCE
STOCK TO REMAIN LISTED ON THE NASDAQ SMALLCAP MARKET
SANTA BARBARA, Calif.--(BUSINESS WIRE)--Dec. 8, 1999--NetLojix
Communications Inc. (Nasdaq SmallCap Market: NETX), Wednesday announced
that it received formal notification from Nasdaq that NetLojix has been
found to be in compliance with the net tangible assets/market
capitalization/net income requirement and all requirements necessary for
continued listing on The Nasdaq SmallCap Market(sm). The Listing
Qualifications Panel hearing previously scheduled for Thursday, Dec. 9, and
highlighted in the company's recently filed Form 10-Q, has been cancelled.
NetLojix filed a Form 8-K with the Securities and Exchange Commission
Wednesday containing an unaudited pro forma balance sheet as of Oct. 31,
1999, evidencing compliance, on a pro forma basis, with the net tangible
assets requirement for The Nasdaq SmallCap Market.
The pro forma balance sheet reflects the closing of the sale of NetLojix's
Matrix Telecom Inc. subsidiary (effective on Nov. 30, 1999) and the
proceeds from the sale of stock under the company's equity line agreement.
NetLojix is a single source provider of Enterprise Network Solutions
integrating data, voice and Internet communications services and IT
support. The company markets and sells a broad range of advanced network
services including network design, installation, management and service;
eBusiness solutions; and remote network monitoring. The company provides a
host of bandwidth services including dedicated voice and data connectivity,
frame relay, ADSL, ISDN, as well as dedicated and dial-up Internet access.
For further information, visit the company's Web site at www.netlojix.com.
All statements in this news release other than statements of historical
fact are forward-looking statements that involve substantial risks and
uncertainties. Reference is made to the company's Annual Report on Form
10-K and 10-K/A for the year ended Dec. 31, 1998, and to the company's
other reports filed with the Securities and Exchange Commission for a
discussion of such risks and uncertainties and other factors that may have
material effect on the company's business.
Contact:
Mary McCarthy, 714/914-5495 E-mail: [email protected]
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