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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: June 18, 1997
FIFTH DIMENSION INC.
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(Exact name of Registrant as Specified in Charter)
New Jersey 02532 21-0717490
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(State or other (Commission File (I.R.S. Employer
jurisdiction of Number) Identification
incorporation) Number)
801 New York Avenue, Trenton, New Jersey 08638-3982
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(Address of Principal Executive Office) (Zip Code)
Registrant's Telephone Number, including Area Code:
(609) 393-8350
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Item 5: Other Events
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This information supplements Form 8K issued June 3, 1997, at which time
Registrant disclosed that Registrant's lender would not advance additional funds
with the credit line maturing on April 30, 1997 and the term loan maturing
August 1997. At that time the lender had not exercised its remedies on either
loan. The lender has now issued a default letter demanding immediate payment in
full of approximately $475,000 by June 24, 1997. As stated in the 10KSB of March
31, 1997, the result could be Registrant's inability to meet its cash
obligations.
Registrant responded to the Registrant's lender default letter by paying
all interest and late fees due along with an offer to make future interest and
principal payments. Registrant and lender are currently in negotiations.
Registrant is also in discussions with two banks that have expressed
interest in providing a financing facility, as well as, discussions with private
investors. In addition, Registrant has received a clean Phase I Environmental
Site Assessment and is seeking to mortgage its real estate with an estimated
mortgage value of approximately $400,000.
Exhibits: None
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has caused this report to be signed on its behalf by the undersigned
thereunto duly authorized.
Fifth Dimension Inc.
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(Registrant)
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By: Craig E. Ebner
Its: President,
Chief Executive Officer
