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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report: JANUARY 14, 2000
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(Date of earliest event reported)
NATIONAL INFORMATION CONSORTIUM, INC.
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(Exact name of Registrant as specified in its charter)
COLORADO 000-26621 52-2077581
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(State or other jurisdiction (Commission (I.R.S. employer
of incorporation) file number) identification no.)
12 Corporate Woods, 10975 Benson Street, Suite 390, Overland Park, Kansas 66210
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (877) 234-3468
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ITEM 5 OTHER EVENT.
On January 14, 2000, National Information Consortium, Inc., a
Colorado corporation (the "Company"), issued two press releases, filed as
Exhibits 99.1 and 99.2 to this report, respectively, announcing that the Company
has entered into a definitive contract to merge its Application Services
Division with Conquest Softworks, LLC and announcing that eFed, Inc., a wholly
owned subsidiary of the Company, has entered into a letter of intent with Bank
of America to form a jointly owned limited liability company for the purposes
offering state and local governments the first Web-based business-to-business
procurement, payment and reconciliation solution.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) EXHIBITS.
Exhibit No. Description
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99.1 Press Release of the Company, dated January
14, 2000
99.2 Press Release of the Company, dated January
14, 2000
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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.
NATIONAL INFORMATION CONSORTIUM, INC.
By: /s/ Kevin Childress
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Kevin Childress
Chief Financial Officer
Date: January 28, 2000
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January 14, 2000
NATIONAL INFORMATION CONSORTIUM MERGES ITS APPLICATION SERVICES DIVISION WITH
CONQUEST SOFTWORKS
OVERLAND PARK, Kan.--(BUSINESS WIRE)--January 14, 2000--
- -NIC-Conquest to combine expertise in UCC applications-
National Information Consortium, Inc. ("NIC") (Nasdaq: EGOV), the leading
provider of Internet-based electronic government services, today announced that
it has entered into a definitive contract to merge its Application Services
Division with Conquest Softworks, LLC. The combined venture will hold contracts
with eleven states and dozens of local governments for web-enabling the
back-office systems and processes for business-to-government filings.
Conquest Softworks, based in Durango, CO, is a premiere provider of software
applications and services for electronic filings and document management
solutions for government. Its products include UCCDataNet-TM- State Imaging and
Filing System, a comprehensive UCC office management system; uccfile.com-TM- Web
Browser Interface, which allows web access to filings; and County Suite-TM-
Filing and Imaging Systems, which extends filing capabilities to land records
and other filing types.
The new company, NIC-Conquest, will be led by William Birdsall, currently CEO of
Conquest Softworks. NIC will own approximately 60% of NIC-Conquest. The
remainder will be owned by Mr. Birdsall, NIC-Conquest employees and other
shareholders who were previously shareholders of Conquest Softworks.
"I am pleased to announce the formation of NIC-Conquest, which combines the
capabilities of the two major providers of end-to-end integrated filing systems
for Secretaries of State and their local affiliates" said Jim Dodd, CEO and
president of NIC. "No company is better positioned than NIC-Conquest to help
fuel the transition of business-to-government transactions to the web. In
addition to providing back-end solutions, NIC-Conquest's web and desktop access
applications are tremendous additions to NIC's offerings to our government
partners."
"The offices of Secretary of State in virtually every state have made a
commitment to move their business records operations onto the Web," said William
Birdsall, CEO of the new company. "Our combined experience putting UCC or
corporate records transactions online in eleven states positions this company to
be the market leader going forward."
NIC-Conquest's state clients include Arkansas, Colorado, Indiana, Kansas,
Montana, Nebraska, Oklahoma, South Dakota, Texas, and Wisconsin.
ABOUT NIC
National Information Consortium provides federal, state and local governments
with end-to-end e-government solutions, including a broad range of software,
services and applications. NIC
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helps governments use the Internet to reduce costs and provide a higher level of
service by building Web sites and applications that allow businesses and
citizens to access government information and to complete government-based
transactions online. Some examples of applications include: electronic
procurement solutions, professional license renewals, Internet tax filings,
automated UCC file searches and automobile registration renewals. NIC contracts
with state and municipal governments to design, build and operate Internet-based
portals on their behalf. NIC has contracts with Arkansas, Georgia, Hawaii,
Idaho, Indiana, Indianapolis and Marion County (Indiana), Iowa, Kansas, Maine,
Nebraska, Utah and Virginia. Through its subsidiary eFed, NIC provides
electronic procurement solutions to eleven federal agencies. Additional
information about NIC is available at http://www.nicusa.com.
Special Note: The statements in this release regarding continued implementation
of NIC's business model and its development of new products and services are
forward-looking statements. There are a number of important factors that could
cause actual results to differ materially from those suggested or indicated by
such forward-looking statements. These include, among others, the success of the
Company in signing contracts with new states and government agencies, including
continued favorable government legislation; NIC's ability to develop new
services; existing states and agencies adopting those new services; acceptance
of e-government solutions by businesses and citizens; competition; and general
economic conditions and the other important cautionary statements and risk
factors described in NIC's Registration Statement declared effective July 15,
1999 with the Securities and Exchange Commission and in the Company's most
recent quarterly report filed with the SEC.
CONTACT: National Information Consortium
Kevin Childress, 913/234-3468
or
Abernathy MacGregor
Jason Thompson, 212/371-5999
or
Conquest Softworks LLC
William Birdsall, 970/247-3308
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January 14, 2000
eFED AND BANK OF AMERICA OFFER FIRST END-TO-END E-COMMERCE SOLUTION FOR STATE
AND LOCAL GOVERNMENT CUSTOMERS
OVERLAND PARK, KS, JANUARY 14, 2000--National Information Consortium, Inc.
("NIC") (Nasdaq: EGOV), the leading provider of Internet-based electronic
government services, today announced that it signed a letter of intent between
eFed, a wholly-owned subsidiary of NIC, and Bank of America Corporation, through
its subsidiary Bank of America, N.A. (USA), to create a limited liability
company to offer state and local governments the first Web-based
business-to-business procurement, payment and reconciliation solution.
The new service offers state and local government customers the opportunity to
place orders online through their preferred suppliers, request a quote from
businesses for services, process transactions, initiate payments and reconcile
accounts. Customers are able to automate the procurement process through a
secure Internet connection using the eFed real-time, browser-based shopping
system.
In order to incorporate purchasing rules and improve contract compliance state
and local government customers will determine which suppliers' catalogs will be
maintained on their online procurement system. The company will work with
suppliers to assist in maintaining and updating their catalog information on the
system. Bank of America will facilitate the payment processing for the system.
"This business arrangement is a natural extension for Bank of America and
enables us to continue to provide an online, integrated purchasing channel for
our procurement and purchasing customers," said Jim Hulihan, head of Commercial
Card Services, Bank of America. "The combination of our client relationships
with eFed's proven on-line shopping systems will provide a strong solution for
the need to automate procurement for state and local governments."
"Bank of America recognizes the value of online sales and purchases in business
to business transactions and this is another of our formal steps to ensure that
Bank of America clients can take advantage of these services," said Pam West,
e-commerce executive, Commercial and Corporate Business, Bank of America.
The two companies will share revenue generated by the new business. In addition,
Bank of America will have the opportunity to become a strategic investor in NIC
upon the achievement of certain revenue performance criteria by the new company.
Warrants of up to 2.5% of the fully diluted shares of outstanding NIC common
stock will become exercisable upon achieving revenue targets. These warrants are
priced in two equally sized series at $34.44 and $44.77. "Together our two
companies can provide something nobody else can--a truly integrated financial
procurement solution. We are offering the best solution to the market today,"
said Rob Main, president of eFed. "This new company has the potential to enable
the public sector to achieve the same benefits that Internet-based procurement
has already delivered to leading companies in the private sector."
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Bank of America, N.A. (USA) is the largest issuer of state government purchase
cards, representing more than 25% of states. Bank of America Corporation, with
$621 billion in assets, is the largest banking company in the United States. The
company serves more than 30 million households and 2 million businesses across
the country, offering customers the largest and most convenient delivery network
from offices and ATMs to telephone and Internet access. It also provides
comprehensive international corporate financial services for clients doing
business around the world. The company creates financial relationships featuring
a full array of financial services, from traditional banking products to
investments and capital raising within the securities markets. Bank of America
stock (ticker: BAC) is listed on the New York, Pacific and London stock
exchanges and certain shares are listed on the Tokyo Stock Exchange. Further
investor information can be found at www.bankofamerica.com/investor.
eFed, the leader in e-commerce based solutions to the public sector, is a wholly
owned subsidiary of NIC.eFed has pioneered software and a supplier network that
allows for low cost electronic delivery of products and services to the public
sector. The software enables government buyers to order products and services
from multiple contracts and commercial sources, based on value, product
information, contract terms and conditions. eFed can be reached at
(877)-333-3665 or at www.eFed.com.
ABOUT NIC
National Information Consortium provides federal, state and local governments
with end-to-end e-government solutions, including a broad range of software,
services and applications. NIC helps governments use the Internet to reduce
costs and provide a higher level of service by building Web sites and
applications that allow businesses and citizens to access government information
and to complete government-based transactions online. Some examples of
applications include: electronic procurement solutions, professional license
renewals, Internet tax filings, automated UCC file searches and automobile
registration renewals. NIC contracts with state and municipal governments to
design, build and operate Internet-based portals on their behalf. NIC has
contracts with Arkansas, Georgia, Hawaii, Idaho, Indiana, Indianapolis and
Marion County (Indiana), Iowa, Kansas, Maine, Nebraska, Utah and Virginia.
Through its subsidiary eFed, NIC provides electronic procurement solutions to
eleven federal agencies. Additional information about NIC is available at
http://www.nicusa.com.
Special Note: The statements in this release regarding continued implementation
of NIC's business model and its development of new products and services are
forward-looking statements. There are a number of important factors that could
cause actual results to differ materially from those suggested or indicated by
such forward-looking statements. These include, among others, the success of the
Company in signing contracts with new states and government agencies, including
continued favorable government legislation; NIC's ability to develop new
services; existing states and agencies adopting those new services; acceptance
of e-government solutions by businesses and citizens; competition; and general
economic conditions and the other important cautionary statements and risk
factors described in NIC's Registration Statement declared effective July 15,
1999 with the Securities and Exchange Commission and in the Company's most
recent quarterly report filed with the SEC.
