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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
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Pursuant to Section 13 of 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
September 23, 1998
NETWORK SIX, INC.
(Exact name of registrant as specified in its charter)
Commission File No. 0-21038
Rhode Island 05-036-6090
(State of Incorporation) (I.R.S. Employer Identification No.)
475 Kilvert Street, Warwick, Rhode Island 02886
(Address of principal executive offices, including zip code)
(401) 732-9000
(Registrant's telephone number, including area code)
Item 5. Other Events
The September 23,1998 Press Release of the Registrant attached hereto
as EXHIBIT 99 is incorporated herein by reference.
Item 7 (c). Exhibits
99 Press Release, dated September 23,1998, of Network Six, Inc.
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 thereunto duly authorized.
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Network Six, Inc.
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(Registrant)
Date: September 23, 1998 By:/s/ Dorothy M. Cipolla
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Dorothy M. Cipolla
Chief Financial Officer
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Network Six, Inc.
Current Report on Form 8-K
Dated September 23,1998
Exhibit Index
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Exhibit
No. Exhibits
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99 Press Release dated September 23, 1998
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EXHIBIT 99
Network Six, Inc.
475 Kilvert Street
Warwick, Rhode Island 02886
401.732.9000 fax 401.732-9009
[email protected]
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NETWORK SIX ENTERS INTO $500,000 TERM LOAN
CONTACT
Kenneth C. Kirsch, President and CEO
or
Dorothy M. Cipolla, CFO and Treasurer
September 23, 1998
Network Six, Inc., of Warwick, Rhode Island, announced that it has entered into
a $500,000 term loan. The loan was provided by the Business Development
Corporation of Rhode Island ("BDC") and the Small Business Loan Fund Corporation
("SBLFC"), a subsidiary of the Rhode Island Economic Development Corporation,
each contributing 50% of the total funds. The loan carries a five-year term.
Dorothy M. Cipolla, CFO and Treasurer commented, " This loan provides a base of
working capital which will allow us to intensify our marketing efforts and
assist us to grow the Company. We are proud to have been selected as business
partners to the BDC and the SBLFC. "
Kenneth C. Kirsch, President, Chairman and CEO added, " Our marketing strategy
is to grow our business at the rate of at least 25% per year for the foreseeable
future. This working capital infusion will make it easier for us to do this,
while at the same time, reduce our need to seek new equity."
* * * * * * * * * * * * * * * * * * * * * * * * *
Network Six is a systems integrator, providing information technology that
enables its customers to become more efficient and effective. Network Six's
systems encompass Temporary Assistance to Needy Families (TANF), Health Care,
Child Welfare, Child Support Enforcement, Child Care, JOBS, and Medicaid
Eligibility programs. Network Six also provides network and information
technology services to the public and private sector. Network Six's stock is
traded on the NASDAQ National Market under the symbol NWSS. Its website is
http://www.networksix.com.
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This release contains forward-looking statements reflecting the Company's
expectations or beliefs concerning future events that could materially affect
Company performance in the future. All forward-looking statements are subject to
the risks and uncertainties inherent with predictions and forecasts. Please
refer to the Company's Form 10K for December 31, 1997, or Form 10Q's for March
31 or June 30, 1998 for more discussion concerning the Company's financial
condition.
