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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to section 13 of 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 12, 1998
NETWORK SIX, INC.
(Exact name of registrant as specified in its charter)
Commission File No. 0-21038
Rhode Island 05-036-6090
(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
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)
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Item 5. Other Events
The January 12, 1998 Press Release of the Registrant attached hereto
as EXHIBIT 99 is incorporated herein by reference.
Item 7(c). Exhibits
99 Press Release, dated January 12, 1998, of Network Six, Inc.
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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.
Network Six, Inc.
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(Registrant)
Date: February 2, 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 February 2, 1998
Exhibit Index
Exhibit
No. Exhibits
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99 Press Release dated January 12, 1998
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EXHIBIT 99
NETWORK SIX GETS NEW BUSINESS,
OBTAINS NEW LINE OF CREDIT AND
CHANGES ITS AUDITORS
Kenneth C. Kirsch, President and CEO
or
Dorothy M. Cipolla, CFO and Treasurer
January 12, 1998
Network Six, Inc. ("Network Six") of Warwick, Rhode Island announced that it has
been awarded new contracts or contract extensions with several organizations.
Network Six received a contract with the U.S. Virgin Islands, Paternity and
Child Support Enforcement Division, which is an extension of the contract
Network Six signed in 1994 to transfer and modify an automated child support
enforcement system. The State of Arizona extended the blanket contract, which
Network Six was awarded in 1996, to provide information technology services to
various state agencies in Arizona. The State of New Jersey recently selected
Network Six to provide data processing services, also under a blanket agreement,
for the Administrative Office of the Courts.
Network Six will assist MIM Corporation of Pearl River, New York in the
application development of computer systems for their pharmaceutical benefits
management business and will implement a new network and electronic messaging
infrastructure for both the J. Arthur Trudeau Memorial Center and the Town of
North Kingstown, Rhode Island.
Kenneth C. Kirsch, Network Six's President and CEO commented, "Our marketing
plan calls for us to build our business by focusing on our core competencies in
health and human services and expanding our software services to other public
sector agencies and to the private sector. It also calls for us to continue to
grow our Network Services Division rapidly. We are pleased to win this new
business, all of which is consistent with our plan."
Network Six also announced that it has obtained a replacement $1.5 million line
of credit from a commercial lender. Terms are similar to its current credit
facility, which expires at the end of this month. Network Six also said that it
has selected Sansiveri, Kimball & McNamee, LLP of Providence, Rhode Island for
its audit and tax work replacing KPMG Peat Marwick, LLP.
Dorothy M. Cipolla, Network Six's CFO and Treasurer stated, "We're pleased with
our new financing arrangement and are hopeful that we will be able to continue
to expand our business."
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Network Six is a systems integrator for state health and human service
agencies, providing information technology that enables states to become more
efficient and effective. Network Six's systems encompass Health Care, Welfare,
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.