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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)
October 23, 1998
HEURISTIC DEVELOPMENT GROUP, INC.
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(Exact Name of Registrant as specified in Charter)
Delaware 0-29044 95-4491750
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) Number)
1219 Morningside Drive, Suite 102, Manhattan Beach, California 90266
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(Address of principal executive offices) (Zip Code)
(310) 546-1065
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(Registrant's telephone number, including area code)
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(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS
On October 16, 1998 the Letter of Intent dated August 10, 1998, between
Heuristic Development Group, Inc., a Delaware corporation ("HDG"), and
Autoskill Inc., a California corporation, expired. On October 23, 1998 HDG
issued a press release announcing such expiration. A copy of such press
release is attached hereto as EXHIBIT 99.4 and incorporated herein by
reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
The following Exhibit is filed herewith as part of this Current Report
on Form 8-K:
EXHIBIT DESCRIPTION OF DOCUMENT
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99.4 Press release issued by HDG on October 23, 1998
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
HEURISTIC DEVELOPMENT GROUP, INC.
October 26, 1998 By: /s/ Theodore Lanes
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(Date) Theodore Lanes
Chief Financial Officer
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Exhibit 99.4
FOR IMMEDIATE RELEASE
Heuristic Development Group, Inc. Announces
Expiration of Letter of Intent
Manhattan Beach, CA - October 23, 1998 - Heuristic Development Group,
Inc. (NASDAQ-Small Cap-IFIT) announced today that the letter of intent
between HDG and Autoskill, Inc. had expired by its terms. A condition to the
consummation of the transaction contemplated by the letter of intent was that
HDG's common stock remain listed on the NASDAQ Small Cap Market. HDG has
been advised by NASDAQ that if the transaction were consummated, HDG would be
required to meet NASDAQ's initial listing requirements in order to remain
listed. HDG would not have met these requirements following the transaction.
HDG will continue to search for transactions which would enable HDG's common
stock to remain listed on the NASDAQ Small Cap or to become listed on a
national or regional exchange.
For further information contact Theodore Lanes at (310) 546-1065.
