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):
August 17, 1998
REALTY INFORMATION GROUP, INC.
Delaware
(State or other jurisdiction of incorporation or organization)
0-24531
(Commission File No. )
52-2091509
(I.R.S. Employer
Identification No.)
7475 Wisconsin Avenue
Bethesda, Maryland
(Address of principal executive offices)
20814
(Zip Code)
Registrant's telephone number, including area code: (301) 215-8300
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INFORMATION INCLUDED IN THIS REPORT
Item 5. Other Events
On August 14, 1998, the Registrant acquired Houston-based commercial real
estate information provider, C Data Services, Inc. d/b/a Core Data Services, a
Texas corporation ("Core"). The acquisition of Core adds Houston, the nations
9th largest commercial real estate market, to the Registrant's expanding
national coverage. With this acquisition, the Registrant currently operates in
8 of the nation's top 10 commercial real estate markets.
Core was acquired in a transaction in which the former stockholders of Core
received 93,530 shares of the Registrant and approximately $9,000 in cash. The
transaction was structured as a reverse subsidiary merger in which a newly
formed subsidiary of the Registrant was merged with and into Core and was
effective on August 17, 1998 upon filing of Articles of Merger with the
Secretary of State of the State of Texas. The consideration paid was determined
based on the closing price of the common stock of the Registrant on the five
days preceding August 14, 1998 and is intended to represent a value of
approximately $878,000.
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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.
Dated: August 26, 1998.
REALTY INFORMATION GROUP, INC.
By: /s/ Frank A. Carchedi
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Frank A. Carchedi, Chief Financial Officer
