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) JANUARY 21, 1997
WILTEK, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
STATE OF INCORPORATION- CONNECTICUT
COMMISSION FILE NUMBER- 0-2401
IRS EMPLOYER IDENT. NO.- 06-0625999
ADDRESS- 542 WESTPORT AVE, NORWALK CT 06851
TELEPHONE NUMBER 203-853-7400
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Monday July 21 4:18 PM EDT
Company Press Release
Wiltek and SplinterCom Sign Merger Agreement
NORWALK, Conn.--(BUSINESS WIRE)--July 21, 1997--Wiltek, Inc. (NASDAQ:WLTK),
today announced that it has moved beyond the letter of intent signed last May,
and has signed an agreement with SplinterCom, LLC., providing for a business
combination between a newly formed subsidiary of Wiltek and SplinterCom.
According to the terms of the agreement, Wiltek will acquire SplinterCom's
assets, along with $3.5 million in cash that SplinterCom, a private company,
will have raised in a private financing, in exchange for 3.5 million shares
of Wiltek Common Stock. SplinterCom will acquire 746,950 shares of Wiltek
from certain directors at a purchase price of $0.85 per share
The business combination, financing and stock purchase will occur
simultaneously and each will be subject to the closing of the other elements
of the transaction. Upon completion of the transaction, designees of
SplinterCom will constitute a majority of Wiltek's board of directors.
James Ackerly will become chairman of the board of directors and CEO of Wiltek.
David Teitelman, Wiltek's president and a Board member, will continue in those
roles. Graeme MacLetchie will continue as a director and will retain his
Wiltek shares.
SplinterCom is a developmental stage company led by James Ackerly. It is the
first spin off of the Internet Splinter Group, 11c of Rowayton, Conn.,
an association of technology professionals organized to develop and promote
promising technologies. The SplinterCom business plan is in the area of voice
recognition and Computer Telephony Integration.
Wiltek provides electronic messaging, enhanced directory synchronization, fax
transport and consulting services to corporate accounts worldwide. Wiltek
performs all design required for the implementation and operation of its
worldwide message and data communication services. Those services enable
Wiltek's customers to communicate seamlessly with electronic mail, among all
intra- and inter-company messaging systems both private and public.
Wiltek's principal offices are located at 542 Westport Avenue, Norwalk, Conn.
Wiltek (UK) Ltd. is a wholly owned subsidiary which was organized in England
in 1983, to provide Wiltek services to international users. Wiltek (UK) Ltd.
is located at 2 Apple Walk, Swindon, England.
