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: September 30, 1998
GLOBAL DIGITAL INFORMATION, INC.
Utah 91-179-3053
(State of incorporation) (IRS Employer Identification
Number)
0-22851 (Commission File Number)
455 Wards Corner Road, Loveland, OH 45140
(Address of principal executive offices)
Registrants's telephone number, including area code:
(513) 831-6647
10655 NE 4th Street, Suite 707, Bellevue, WA 98004
(Former name or former address, if changed from last report)
Item 5 Other Events
1. NEW PRESIDENT APPOINTED
Global Digital Information announced on September 24, 1998,
the successful conclusion of an extensive executive search
campaign with the appointment of Mr. Newell Crane, BS, MBA,
Ph.D., as President/CEO and Director for the Company,
effective immediately.
Mr. Crane brings 29 years of experience in the medical field
ranging from pharmaceuticals to clinical software. In 1969,
Mr. Crane began his career with Searle Pharmaceuticals and
spent the next 15 years in various positions of sales,
management and special research joining the Pharmacy
Department at the University of Cincinnati. In 1994, Mr.
Crane founded Del Crane Medical Corporation & Cold Jet, Inc.
The Cold Jet company is the world's largest manufacturer of
specialized industrial carbon dioxide blasting and cleaning
equipment with distribution in 20 countries. At the same
time Mr. Crane founded Del Crane Medical, a company that
provides billing services and medical supplies to patients
in nursing homes. Del Crane has provided product, billing services and clinical
software to over 1,000 nursing homes
in the US. In 1994, Mr. Crane founded Masterpiece
Medical to provide clinical software to the physician
marketplace.
2. SHAREHOLDERS ELECT NEW BOARD OF DIRECTORS
At a special meeting of the company's shareholders held in
Cincinnati, OH on August 19, 1998, a new Board of Directors
was elected to serve until the next Annual Meeting.
William Perry, B.A., M.S., Ph.D. Dr. Perry has been in
the medical and insurance fields for more than 20 years. He
has been a primary consultant to the PIE Insurance Company
in Ohio which provided over $1 billion dollars of covered
malpractice insurance to more than 17,000 physicians. Dr.
Perry is currently a consultant to the Governor of West
Virginia where he provides medical/insurance information for
the state's welfare and public programs. Dr. Perry has been
a professor of education and is also currently in charge of
a $200 million dollar resort development project near
Bluefield, WV.
David D. Meunier Serves as a Director and as Vice
President of Development, the Company's wholly-owned
subsidiary. Mr. Meunier brings software design experience
and business leadership qualities to the Company. Mr.
Meunier's background includes clinical observation
reporting, medical legacy system integration, medical
client/server application design, and database design, on a
variety of operating systems. Mr. Meunier has managed
design teams engineering systems for the University of
Nebraska Medical Center and formerly worked as Vice- President for Reliable
Services and President of Cascade
Computer Technologies. Mr. Meunier founded CaduSys Software
in 1994.
Morris Gorelick Mr. Gorelick brings over 50 years
experience in business and finance to Global Digital. After
attending the University of Washington School of
Pharmacology, Mr. Gorelick founded and continues to operate
Thrifty Plumbing Supply of Seattle for over 40 years.
Additionally, he is a co-founding financier in Starbucks,
Triadd Software (document storage), Transwest Communications
(telephone interconnection), Ultra Vection International
(home electronics), and Medical Research and Marketing.
Newell Crane, B.S, M.B.A., Ph.D. Dr. Crane brings 29
years of experience in the medical field ranging from
pharmaceuticals to clinical software. In 1969, Dr. Crane
began his career with Searle Pharmaceuticals. In 1983 while
still with Searle Pharmaceuticals and as part of a drug
research project, Dr. Crane joined the Pharmacy Department at the University of
Cincinnati as assistant professor of
Pharmacy with responsibility for research grants and
graduate studies at the Masters and Doctorate level for
Business & Pharmacy. In 1984, Dr. Crane founded Del Crane
Medical Corporation & Cold Jet, Inc. The Cold Jet Company
manufactures specialized industrial carbon dioxide blasting
and cleaning equipment. Dr. Crane founded Del Crane
Medical, a company that provides billing services and
medical supplies to patients in nursing homes. Del Crane
has provided product, billing services and clinical software
to over 1,000 nursing homes in the US. In 1994, Dr. Crane
founded Masterpiece Medical to provide clinical software to
the physician marketplace.
Dave Leytze, B.A., M.B.A. Mr. Leytze has over 30 years
experience in the financial community dealing with
investment and management of several significant
organizations. Mr. Leytze lives in Camp Dennison, Ohio and
has been a friend of the company since its inception.
3. SHAREHOLDERS VOTE TO CHANGE STATE OF INCORPORATION
NEVADA
The Board of Directors, with shareholder approval, voted to
change the state of domicile of the corporation to Nevada
from the current state of Utah.
The Board of Directors had considered a number of alternative
states which would have been helpful to the Company as it
progresses and grows. The Company believed that Nevada was
the best location because it provides substantial flexibility
for the Board as situations change in the future.
4. ACQUISITION OF MASTERPIECE MEDICAL
The Board of Directors of Global Digital Information, Inc.
approved the acquisition of Masterpiece Medical, Inc., and
Del Crane Medical, Inc. Masterpiece Medical and Del Crane
Medical are Ohio corporations with software programs and
billing capability which compliment the CaduSys medical
records program offered by the Company.
The Company intends to purchase all of the stock of
Masterpiece Medical and Del Crane Medical for the issuance
of shares of the Company. The acquisition will not be
completed until approved by the Board of Directors of
Masterpiece Medical. This transaction will be a non-taxable
event and will not involve the payment of any cash by either
the Company, Masterpiece Medical or Del Crane Medical.
The Company believes that the addition of the sales
generated by Masterpiece Medical and Del Crane Medical
combined with the anticipated sales of the CaduSys product, will produce
significant sales and potential income for the
Company in the years ahead. In addition, the management and
technical personnel of Masterpiece Medical and Del Crane
Medical will be added to and complement the existing
management and technical personnel of the Company. This
increase in expertise will be of a substantial benefit to
the Company, and the President of Masterpiece Medical,
Newell Crane, will become the President of the Company.
Presently, Newell Crane is serving as interim President,
pending approval of the purchase of Masterpiece Medical and
Del Crane Medical.
Upon completion of the acquisition of Masterpiece Medical
and Del Crane Medical, the company will submit either an
additional 8-K filing or include such information in its
quarterly report to the SEC.
Global Digital Information, Inc.
September 29, 1998 By:/s/ Newell Crane, President
