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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)
March 30, 2000
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CHAPMAN CAPITAL MANAGEMENT HOLDINGS, INC.
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(Exact name of registrant as specified in its charter)
Maryland 0-24213 52-2184621
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
401 East Pratt Street, 28th Floor, Baltimore, Maryland 21202
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(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code, (410) 625-9656
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ITEM 5. OTHER EVENTS.
PRESS RELEASE:
Media Contact: Michele Christian
Corporate Marketing and Communications
Chapman Capital Management Holdings, Inc.
800-752-1013
www.chapmancompany.com
Chapman Capital Management Holdings, Inc. Reports Accounting Change
Maryland, March 30, 2000 - Chapman Capital Management Holdings, Inc. of
Baltimore Maryland, (NASDAQ:CMGT), announced a change in its net loss for 1999
due to the establishment of a reserve against previously recorded tax benefits.
As a result of the change, the net loss reported for 1999 is $853,000, compared
to a previously reported net loss after the tax benefit of $582,000. The
accounting had no effect on the company's reported operating revenues or cash
flow for 1999.
For the year ended December 31, 1999, Chapman Capital Management Holdings, Inc.
achieved revenues of $4,622,000, an increase of 44% over revenue of $3,218,000
reported for the year ended December 31, 1998.
Company Information
Chapman Capital Management Holdings, Inc. (NASDAQ:CMGT), headquartered in
Baltimore Maryland, was the first publicly traded African American controlled
investment advisory firm and is the parent company of Chapman Capital
Management, Inc. (CCM). CCM is a registered investment advisor providing
investment advisory services to government, corporate and individual accounts,
and to proprietary mutual funds.
For information, contact:
Demetris B. Brown
Investor Relations
(800) 752-1013x1866
Michele Christian
Corporate Marketing and Communications
(800) 752-1013 x1935
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This release may contain forward-looking statements. For a discussion of risks
and uncertainties, please refer to the company periodic reports filed with the
Securities and Exchange Commission.
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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 thereunto duly authorized.
CHAPMAN CAPITAL MANAGEMENT HOLDINGS, INC.
Date: March 30, 2000 By: /S/ NATHAN A. CHAPMAN, JR.
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Nathan A. Chapman, Jr.
President
