PROSPECTUS SUPPLEMENT NO. 1, DATED AUGUST 14, 1998, Pursuant to
TO PROSPECTUS DATED JUNE 30, 1998 Rule 424(b)(3)
Reg. No. 333-50563
4,403,134 Shares of Common Stock
DIGITEC 2000, INC.
The following beneficial owners of shares of common stock, $0.001 par
value per share ("Common Stock"), of Digitec 2000, Inc. (the "Company") have
requested the Company to file a supplement to the Company's Prospectus, dated
June 30, 1998 (the "Prospectus"), which relates to the sale of up to 4,403,134
shares (the "Offered Shares") of Common Stock, identifying them as Selling
Stockholders, as defined in the Prospectus. All shares offered by the Selling
Stockholders named in this Supplement No. 1 were acquired upon exercise of the
warrants, dated April 23, 1996, issued by the Company to purchase Common Stock
$1.50 per share, all of which warrants issued by the Company provide for the
purchase of an aggregate of 2,337,498 shares of Common Stock (the "Warrant
Shares"). The information concerning such Selling Stockholders has been provided
by such Selling Stockholders.
<TABLE>
<CAPTION>
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% of % of
No. of Outstanding (i) Offered Amount
Offered No. of Offered Common Shares and (ii) Owned
Selling Shares Shares That Stock Before Warrant Shares After
Stockholders Owned May Be Sold Sale Before Sale Sale
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<S> <C> <C> <C> <C> <C>
Teal Fund
Attention: Mr. Jonathan Humphreys
2455 Benrett Valley Road, Suite 100C
Santa Rosa, CA 95404 100,000 100,000 1.468 (i) 2.271 (ii) 4.278 0
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Mary Losty* 20,000 20,000 0.294 (i) 0.454 (ii) 0.856 0
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Mustang Partners L.P.
c/o J.O. Patterson & Co.
3343 Peachtree, 1450 East Tower
Atlanta, GA 30326 200,000 200,000 2.935 (i) 4.542 (ii) 8.556 0
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Losty Capital Management
c/o Duggan & Associates
933 Cliff Drive # 20
Santa Barbara, CA 93109 155,000 155,000 2.275 (i) 3.520 (ii) 6.631 0
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Amir L. Ecker* 62,500 62,500 0.917 (i) 1.419 (ii) 2.674 0
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Maria T. Ecker* 12,500 12,500 0.183 (i) 0.284 (ii) 0.535 0
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The Ecker Family Partnership* 15,000 15,000 0.220 (i) 0.341 (ii) 0.642 0
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Profutures Special Equities Fund, L.P.
Attention: Mr. John Gray
1310 Highway 620 South, Suite 200
Austin, TX 78734 350,000 350,000 5.136 (i) 7.949 (ii) 14.973 0
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Penelope S. Hansen* 15,000 15,000 0.220 (i) 0.341 (ii) 0.642 0
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Thomas N. and Sandra C. Hansen
JTTEN* 20,000 20,000 0.294 (i) 0.454 (ii) 0.856 0
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Richard A. Hansen* 50,000 50,000 0.734 (i) 1.136 (ii) 2.139 0
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Donaldson Lufkin Jenrette Securities
Corporation as Custodian for IRA
FBO Richard A. Hansen* 30,000 30,000 0.440 (i) 0.681 (ii) 1.283 0
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Peter S. Rawlings* 50,000 50,000 0.734 (i) 1.136 (ii) 2.139 0
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Perry N. Snavely, Jr.
242 West Valley Road
Strafford, PA 19087 100,000 100,000 1.468 (i) 2.271 (ii) 4.278 0
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James Meara
Meara and Company
8150 N. Central Expressway
Suite 795, Dallas, TX 75206 25,000 25,000 0.367 (i) 0.568 (ii) 1.070 0
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Mary E. Bowler* 3,332 3,332 0.049 (i) 0.076 (ii) 0.143 0
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Peter Lynch** 25,000 25,000 0.367 (i) 0.568 (ii) 1.070 0
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Alvin Siegel** 30,000 30,000 0.440 (i) 0.681 (ii) 1.283 0
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Ilene Mirman** 35,000 35,000 0.514 (i) 0.795 (ii) 1.497 0
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Marc & Joyce Siegel** 35,000 35,000 0.514 (i) 0.795 (ii) 1.497 0
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Joseph Cohen** 25,000 25,000 0.367 (i) 0.568 (ii) 1.070 0
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Brian P. Friedman
230 Park Avenue, Suite 1300
New York, NY 10189 2,500 2,500 0.037 (i) 0.057 (ii) 0.107 0
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Barry Fischer
90 Old Orchard Road
Rye Brook, NY 10573 2,500 2,500 0.037 (i) 0.057 (ii) 0.107 0
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Joseph J. Cramer
301 Silver Creek Lane
Norwalk, CT 06850 1,500 1,500 0.022 (i) 0.034 (ii) 0.064 0
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Keith A. McGowan#
6 Altamore Street
Melville, NY 11747 8,750+ 8,750 0.128 (i) 0.199 (ii) 0.374 0+
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Maria Karalis##
61 - 169th Street, Middle Village
New York, NY 11739 7,500 7,500 0.100 (i) 0.170 (ii) 0.321 0
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James Wong
3 By Road
Darien, CT 06820 18,942 18,942 .278 .430 .810 0
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Total 1,400,024 1,400,024 20.538 (i) 31.797 (ii) 59.895 0
========= ========= ====== ====== ====== =
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</TABLE>
* c/o Pennsylvania Merchant Group, Four Falls Corporate Center, West
Conshohocken, PA 19428-2961
** 20 Exchange Place, New York, NY 1005
# Mr. McGowan served as Vice President of Finance of the Company from July
1, 1997 to March 31, 1998.
## Ms. Karalis served as Controller of the Company from November 17, 1997 to
April 24, 1998.
+ Excludes options to purchase 44,444 shares of Common Stock at $13.00 per
share.
Additional Selling Stockholders or other information concerning the
Selling Stockholders listed above may be set forth in subsequent Prospectus
Supplements from time to time. As a result of such additional Prospectus
Supplements, the total amount of shares of Common Stock offered for the accounts
of Selling Stockholders may increase further, up to a maximum amount of
4,403,134 shares of Common Stock.
