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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) December 28, 1999
HEALTHWATCH, INC.
(Exact Name of Registrant as specified in its charter)
Georgia 000-11476 84-0916792
(State or other jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
9040 Roswell Road, Suite 470
Atlanta, Georgia 30350
(Address of principal executive offices including Zip Code)
770-641-5555
(Registrants telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report.)
Exhibit Index on Page 3
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Item 5. Other Events
See description of event in the press release dated December 28, 1999,
attached hereto as Exhibit A.
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.
HEALTHWATCH, INC.
By: /s/ Paul W. Harrison
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Paul W. Harrison
Date: January 3, 2000
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Name and Title: Paul W. Harrison
Chief Executive Officer
Description Page
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Press Release dated December 28, 1999
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EXHIBIT A
HEALTHWATCH, INC. ANNOUNCES PRIVATE PLACEMENT OF
SECURITIES AND AN AGREEMENT FOR
INVESTMENT BANKING SERVICES
ATLANTA, GEORGIA, DECEMBER 28, 1999 - FOR IMMEDIATE RELEASE
HealthWatch, Inc. (NASDAQ Smallcap Symbol: HEAL) announces that it has raised
$350,000.00 from the sale of Company securities to an investment banking firm,
and has also retained the same firm to seek to raise approximately an additional
$2.5 million in a private placement of the Company's securities on a best
efforts basis.
Such securities, including those which have been sold and those which are
proposed to be sold, will not be, and have not been, registered under the
Securities Act of 1933 and may not be and have not been offered or sold in the
United States absent registration or an applicable exemption from registration
requirements.
This release contains certain "forward-looking" statements, including statements
regarding, among other items, the Company's growth strategy, industry and
demographic trends, the Company's ability to generate additional sales of its
products and anticipated trends in its business. Actual results could differ
materially from these forward-looking statements as a result of a number of
factors, including the Company's need for additional financing, intense
competition in various aspects of the Company's business, the risks of rapid
growth, dependence on key personnel, product obsolescence, and/or lack of market
acceptance and other related factors.
For more information about HealthWatch, contact Marilyn May, Director of
Corporate Communications at (770) 641-5550.
