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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 (Date of earliest event reported): June 15, 1998
METATEC CORPORATION
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(Exact name of registrant as specified in its charter)
Florida 0-9220 59-1698890
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(State or other jurisdiction of (Commission (IRS Employer
incorporation) File Number) Identification No.)
7000 Metatec Boulevard, Dublin, Ohio 43017
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (614) 761-2000
No Change
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(Former name or former address, if changed since last report)
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Item 5. Other Events.
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The information contained in the press release filed as Exhibit 99 is
incorporated herein by reference.
Item 7. Financial Statements and Exhibits.
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(c) Exhibits.
Exhibit
No. Description of Exhibit
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99 Press release issued June 15, 1998.
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.
METATEC CORPORATION
Date: July 7, 1998 By /s/ Jeffrey M. Wilkins
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Jeffrey M. Wilkins
Chief Executive Officer
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EXHIBIT INDEX
Exhibit
No. Description of Exhibit
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99 Press release issued June 15, 1998.
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EXHIBIT 99
Dublin, Ohio, June 15, 1998 - Metatec Corporation today announced the
execution of a letter of intent to purchase the CD-ROM services business of
Imation Corp. (NYSE:IMN). The transaction will be in the form of an asset
purchase. Terms were not disclosed.
Focusing on its core markets of information and image management,
Imation announced the intent to sell its CD-ROM services business in January.
The CD-ROM business generated revenues of approximately $60 million in 1997.
Completion of the transaction is subject to a number of conditions
including government filings, due diligence and execution of a definitive
agreement.
"Metatec and Imation have historically served the same segment of the
information services market; specifically, business customers utilizing CD-ROM
to distribute information and software," said Jeffrey M. Wilkins, chairman and
chief executive officer of Metatec. "Metatec will continue providing the kind of
high quality and seamless services to Imation's customer base that they've come
to expect.
"Purchase of Imation's CD-ROM services business will give Metatec
expanded capacity and coverage in the U.S. and new capabilities in Europe,"
Wilkins added. "Imation has earned a reputation for quality and service. With a
customer base similar to Metatec's, I feel that this acquisition will increase
service capabilities that benefit customers of Metatec and Imation's CD-ROM
services business."
The asset purchase and other planned equipment purchases are
anticipated to almost double Metatec's manufacturing and fulfillment capacity.
Metatec, a leading information services company, helps customers
utilize CD-ROM, DVD-ROM and related communication technologies to publish and
distribute information and software. From its ISO 9002-certified manufacturing
and distribution headquarters in the Columbus, Ohio metropolitan area, Metatec
offers its customers a variety of services including data preparation and
mastering, disc replication, printing, fulfillment, warehousing, distribution,
electronic tracking and inventory management. Metatec maintains sales and
support offices throughout the United States. Metatec common stock is traded
over NASDAQ under the symbol "META." The company's web site is www.metatec.com.
