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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): June 18, 1999
IBS INTERACTIVE, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER)
DELAWARE 0-24073 13-3817344
(STATE OR OTHER JURISDICTION (COMMISSION (IRS EMPLOYER
OF INCORPORATION) FILE NUMBER) IDENTIFICATION NO.)
2 RIDGEDALE AVENUE, SUITE 350, CEDAR KNOLLS, NEW JERSEY 07927
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
Registrant's telephone number, including area code: (973) 285-2600
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ITEM 5. OTHER EVENTS.
The Registrant hereby incorporates by reference the contents of
the press release of the Registrant, dated June 18, 1999, filed herewith as
Exhibit 99.1.
ITEM 7. EXHIBITS.
The following exhibit is included as part of this Report:
99.1 Press release of IBS Interactive, Inc., dated June 18,
1999.
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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.
IBS INTERACTIVE, INC.
Date: July 29, 1999 By: /s/ Nicholas R. Loglisci, Jr.
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Name: Nicholas R. Loglisci, Jr.
Title: President and Chief Executive Officer
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EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
99.1 Press release of IBS Interactive, Inc., dated June 18, 1999.
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FROM: The MWW Group
Public Relations - Tel. (201) 507-9500
Contact: Leon Berman
([email protected]:[email protected])
Anthony D. Andora ([email protected])
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FOR IMMEDIATE RELEASE
IBS INTERACTIVE, INC. UNDERTAKES STRATEGIC REVIEW
CEDAR KNOLLS, NJ June 18, 1999 -- IBS Interactive, Inc. (Nasdaq: IBSX),
a provider of a broad range of computer networking, programming, applications
development and Internet services, today announced that it will undertake a
review of financing and strategic alternatives available to it to maximize
shareholder value.
The Company stated that no decision had been made to enter into any
transaction or as to what form any transaction might take. Moreover, the Company
stated that there could be no assurance that any transaction would be completed
as a result of its review.
IBS Interactive, Inc. provides comprehensive, cost-effective
information technology solutions to businesses and organizations with systems
development and maintenance needs. Services are designed to enable companies to
operate more efficiently by outsourcing their Internet functions, computer
networking, maintenance, and technical support. IBS offers Internet Development,
Internet Services and Systems and Integration services. Internet Development
services include web programming, database development and distance learning.
Internet services include web-site hosting, leased line services and dial-up and
e-mail access. Systems and integration services include network design,
implementation and support.
The Company's Web address is: http://www.interactive.net
CERTAIN OF THE ABOVE STATEMENTS CONTAINED IN THIS PRESS RELEASE ARE
FORWARD-LOOKING STATEMENTS THAT INVOLVE A NUMBER OF RISKS AND UNCERTAINTIES.
SUCH FORWARD-LOOKING STATEMENTS ARE WITHIN THE MEANINGS OF THAT TERM IN SECTION
27A OF THE SECURITIES ACT OF 1933, AS AMENDED, AND SECTION 21E OF THE SECURITIES
ACT OF 1934, AS AMENDED. FACTORS THAT COULD CAUSE ACTUAL RESULTS TO DIFFER
MATERIALLY INCLUDE THE FOLLOWING: BUSINESS CONDITIONS AND GROWTH IN THE STAFFING
INDUSTRY AND GENERAL ECONOMY; COMPETITIVE FACTORS, RISKS DUE TO SHIFTS IN MARKET
DEMAND; CHANGES IN SERVICE MIX; AND THE RISK FACTORS LISTED FROM TIME TO TIME IN
THE COMPANY'S REPORT FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AS WELL
AS ASSUMPTIONS REGARDING THE FOREGOING. THE WORDS "BELIEVE", "ESTIMATE",
"INTEND", "ANTICIPATE", AND SIMILAR EXPRESSIONS AND VARIATIONS THEREOF IDENTIFY
CERTAIN OF SUCH FORWARD-LOOKING STATEMENTS, WHICH SPEAK ONLY AS OF THE DATES ON
WHICH THEY WERE MADE. THE COMPANY UNDERTAKES NO OBLIGATION TO PUBLICLY UPDATE OR
REVISE ANY FORWARD-LOOKING STATEMENTS, WHETHER AS A RESULT OF NEW INFORMATION,
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FUTURE EVENTS, OR OTHERWISE. READERS ARE CAUTIONED THAT ANY SUCH FORWARD-LOOKING
STATEMENTS ARE NOT GUARANTEES OF FUTURE PERFORMANCE AND INVOLVE RISKS AND
UNCERTAINTIES, AND THAT ACTUAL RESULTS MAY DIFFER MATERIALLY FROM THOSE
INDICATED IN THE FORWARD LOOKING STATEMENTS AS A RESULT OF VARIOUS FACTORS.
READERS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING
STATEMENTS.
