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John Marencik
PRESIDENT
legalopinion.com Corp.
Two Union Square, 42nd Floor, 601 Union Street
Seattle, WA 98101
(Name and Address of Person Authorized to Receive Notices
and Communications on Behalf of the Person Filing Statement)
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WITH A COPY TO:
KARL E. RODRIGUEZ, ESQ
24843 Del Prado, #318
Dana Point, CA 92629
(949) 248-9561
fax (949) 248-1688
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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
Commission File Number: 0-13409
Date of Report: October 4, 2000
LEGALOPINION.COM
Nevada 87-0550824
(Jurisdiction of Incorporation) (I.R.S. Employer Identification No.)
Two Union Square, 42nd Floor, 601 Union Street, Seattle WA 98101
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (250) 763-5560
ITEM 5. OTHER EVENTS. On September 27, 2000, legalopinion.com announced that it
has completed two financing packages to meet the Company's capital needs for up
to three years. The first financing phase of the package was closed July 24,
2000 with the May Davis Group, a full service Investment Banking firm located in
New York, in a $500,000 Convertible Securities Offering. The second phase, also
arranged by May Davis Group, closed September 26, 2000, giving legalopinion.com
access to a $15 Million Equity Line of Credit, which becomes available to the
Company upon the SEC's approval of the associated registration statement. The
$500,000.00 convertible has already been funded. A copy of the News Release that
announced the completion of these financing packages is attached hereto and
filed as an Exhibit to this filing on Form 8-K.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, this
report has been signed below by the following persons on behalf of the
Registrant and in the capacities and on the date indicated.
October 4, 2000
LEGALOPINION.COM
by
/s/John Marencik
John Marencik
authorized officer
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EXHIBIT
NEWS RELEASE
SEPTEMBER 27, 2000
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legalopinion.com Receives $15 Million Financing Commitment
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SEATTLE, Sept. 27 /PRNewswire/ -- legalopinion.com (OTC Bulletin Board: LAWW)
has completed two financing packages to meet the Company's capital needs for up
to three years. The first financing phase of the package was closed July 24,
2000 with the May Davis Group, a full service Investment Banking firm located in
New York, in a $500,000 Convertible Securities Offering. The second phase, also
arranged by May Davis Group, closed September 26, 2000, giving legalopinion.com
access to a $15 Million Equity Line of Credit, which becomes available to the
Company upon the SEC's approval of the associated registration statement. The
$500,000.00 convertible has already been funded.
legalopinion.com's CEO, John M. Marencik, stated, "This package gives us
sufficient resources to cover our operating expenses, plus gives us a cushion to
capitalize on any strategic acquisitions that may make sense. We feel there may
be a number of firms exiting the Internet legal space in upcoming months that
could complement our present and planned offerings."
Brian Lovig, Board Chairman added, "It's nice to see that the venture capital
community can still spot a viable strategic plan in the wake of the 'Tech
Correction.' legalopinion.com has a long term commitment to our employees,
customers, and shareholders to grow by creating a value-added service. We also
believe that the long term commitment that May Davis Group has made to
legalopinion.com endorses this growth strategy."
The May Davis Group is a full-service financial services firm focusing on the
needs of small to medium-sized companies, individual investors, and
institutional money managers worldwide. MDG is actively involved in investment
banking and strategic financial advising, institutional and retail brokerage,
over-the-counter trading and equity research.
legalopinion.com is a professional legal services portal, providing online
services to both attorneys and consumers. The Company's revenue stream is
derived from both business-to-business and consumer-driven models. The
legalopinion.com Web page allows clients and attorneys to interact in a unique,
simple, and convenient way, providing consumers with direct access to online
written legal advice for most jurisdictions in North America. legalopinion.com
is also preparing to launch LegalCare, which will provide legal coverage under a
wide variety of flexible subscriber services packages. legalopinion.com is
evolving into the comprehensive solution for the business and personal legal
needs of mainstream North America. Web site: www.legalopinion.com.
Statements made by the company may be forward-looking in nature. Actual results
may differ from those projected. The company believes that the information in
this release is from sources considered reliable, but cannot guarantee that the
statements presented herein are accurate or complete.
CONTACT: Investor Relations of legalopinion.com, 250-470-9381, or
[email protected]; or Tom Dean at Murdoch Capital, 212-421-2545; or
Equitilink, 877-788-1940.
SOURCE legalopinion.com -0- 09/27/2000
/CONTACT: Investor Relations of legalopinion.com, 250-470-9381, or
[email protected]; or Tom Dean at Murdoch Capital, 212-421-2545; or
Equitilink, 877-788-1940/
/Web site: http://www.legalopinion.com/
(LAWW)
CO: legalopinion.com; May Davis Group ST: Washington, New York IN: MLM SU: FNC
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