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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 earliest event reported - October 17, 1995
Market Guide Inc.
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(Exact name of Registrant as specified in its charter)
New York 291525-NY 11-2646081
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(State or other jurisdiction (Commission (IRS Employer
of incorporation File Number Identification
No.
2001 Marcus Avenue, Suite S200
Lake Success, New York 11042-1011
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(Address of principal executive offices) (Zip Code)
Registrants telephone number, including area code: (516) 327-2400
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Item 5: Other Event.
Shareholders of Market Guide Inc., by a majority vote at the Company's
Annual Meeting, approved a proposal to reverse split the common stock of the
corporation on a one-for-four shares ratio. The reverse split became effective
October 16, 1995. The Company's stock symbol was changed, temporarily, to
"MAGE". The Company has applied to the Nasdaq Bulletin Board for a return to
its former symbol, "MARG", which should occur on November 17, 1995.
The accompanying press release, containing selected financial information,
was previously reported electronically on a pre-split basis on Form 10-Q. It
was re-stated in the press release to reflect post-split earnings per share and
Weighted Average of Shares Outstanding.
See attached press release as an exhibit incorporated herein by reference.
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.
MARKET GUIDE INC.
(Registrant)
Date: October 17, 1995 By: /s/ John D. Case
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John D. Case, Chairman
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EXHIBIT INDEX
Exhibit 99 Press Release
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NEWS RELEASE
CONTACT: Dennis I. Slovak
V.P., Sales & Marketing
(516) 327-2400
FOR IMMEDIATE RELEASE
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MARKET GUIDE REPORTS A SUBSTANTIAL INCREASE
IN REVENUE AND NET INCOME FOR SECOND QUARTER 1996
Lake Success, New York, October 16, 1995 --- Market Guide Inc. (OTC
Bulletin Board: MAGE), today announced results for the second quarter of its
1996 fiscal year.
Total revenues for the three months ending August 31, 1995 were $970,580
with net income of $101,552 ($.02 per share) compared with revenues of $623,604
and net income of $80,926 ($.02 per share) for the same period in fiscal 1995.
This represents a 55.6% increase in revenues and a 25.5% increase in net income
for the second quarter.
Commenting on the Company's results, Mr. Homi Byramji, president and CEO of
Market Guide, said, "Our growth continues to be strong and steady in all areas
of our business, and demand for our database is high. While we are pleased with
the quarter's results we shall continue to aggressively pursue new
relationships with distributors and to open new markets for our products."
Market Guide Inc. compiles and markets a comprehensive database containing
descriptive and financial fundamental information on over 7,000 publicly traded
companies, which is distributed by most major information vendors to thousands
of investment bankers, portfolio managers, research analysts, traders, brokers
and individual investors.
TABLE FOLLOWS
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Selected Financial Information for Market Guide Inc.
<TABLE>
<CAPTION>
For the Three YTD Fiscal 1996
Months Ended
Aug. 31, Aug. 31, Aug. 31, Aug. 31,
1995 1994 1995 1994
(Unaudited) (Unaudited) (Unaudited) (Unaudited)
<S> <C> <C> <C> <C>
Revenues $970,580 $623,604 $1,860,921 $1,237,153
Net Income 101,552 80,926 178,606 152,015
Earnings Per $.01 $.01 $.01 $.01
Share
Wtd. Avg. Shares 16,697,879 16,298,910 16,697,879 16,047,644
Outstanding
</TABLE>
Effective Monday October 16, 1995 the Company effected a previously announced
one for four reverse split, with a corresponding change in ticker symbol from
MARG to MAGE.
On a post split basis, the selected financial information for Market Guide Inc.
are:
<TABLE>
<CAPTION>
For the Three YTD Fiscal 1996
Months Ended
Aug. 31, Aug. 31, Aug. 31, Aug. 31,
1995 1994 1995 1994
(Unaudited) (Unaudited) (Unaudited) (Unaudited)
<S> <C> <C> <C> <C>
Revenues $970,580 $623,604 $1,860,921 $1,237,153
Net Income 101,552 80,926 178,606 152,015
Earnings Per $.02 $.02 $.04 $.04
Share
Wtd. Avg. Shares 4,174,469 4,074,727 4,174,469 4,011,911
Outstanding
</TABLE>
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