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): September 8, 1998
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Healthplex, Inc.
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(Exact name of Registrant as specified in its charter)
Delaware 0-14236 11-2714365
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(State or other jurisdiction of (Commission (IRS Employer
incorporation) File Number) Identification No.)
60 Charles Lindbergh Blvd., Uniondale, New York 11553
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (516) 794-3000
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Not Applicable
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(Former name or former address, if changed since last report.)
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Item 5. Other Events.
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Pursuant to a Board of Directors resolution adopted
by unanimous written consent, dated as of August 25, 1998, the
Board approved a stock repurchase program pursuant to which the
Company may, from time to time over the next 18 months, buy up
to 150,000 shares of the Company's common stock on the open
market through Rule 10b-18 purchases. In connection therewith,
the Company issued a press release on September 8, 1998.
Item 7. Financial Statements, Pro Forma Financial Information
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and Exhibits.
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(c) Exhibits.
20. Press Release dated September 8, 1998.
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SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has caused this report to
be signed on its behalf by the undersigned hereunto duly
authorized.
HEALTHPLEX, INC.
Dated: September 9, 1998 By: /s/ Martin Kane
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Name: Martin Kane
Title: Co-Chief Executive
Officer
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EXHIBIT INDEX
Exhibit Description
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20. Press Release
For Release: Immediately
Contact: Joanne Malin
516-542-2200
PRESS RELEASE
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HEALTHPLEX, INC. ANNOUNCES
STOCK BUYBACK PROGRAM
Uniondale, New York, September 8, 1998 --- HEALTHPLEX, INC. (OTC
Bulletin Board: HPLX) today announced that it intends, from time
to time over the next 18 months, to buy up to 150,000 shares of
Healthplex common stock on the open market through Rule 10b-18
purchases. Healthplex's management believes that a stock
repurchase program is an attractive use of the Company's cash
reserves, especially with the stock price at its current level.
Healthplex provides marketing, claims processing, electronic data
processing, printing and related services to certain dental
health companies, and administrative services to certain dental
plans.
