U. S. 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.
Date of Report (Date of earliest event reported):
June 2, 1999
COMMISSION FILE NUMBER 0-17394
CORFACTS INC. AND SUBSIDIARY
(Exact name of small business issuer as specified in its charter)
New Jersey 22-2478379
(State or other jurisdiction of (I.R.S. Employer ID No.)
incorporation or organization)
3499 Hwy. 9 No., Ste. 3B, Freehold, NJ 07728
(Address of principal executive offices)
Registrant s telephone number, including area code
(800) 696-7788
The following report under Section 13 or 15(d) of the
Securities Exchange Act of 1934 is filed pursuant to Rule
13(a)-11 or Rule 15(d)-11.
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
Corfacts, Inc. announced that its wholly-owned subsidiary,
Metro Marketing Inc., has purchased the assets of EZ
Connection Inc., a telephone answering service in Wayne, New
Jersey. EZ Connections provides inbound telemarketing
services to approximately 200 clients in the northern New
Jersey area, with annual gross revenues of approximately
$325,000 (unaudited).
The purchase price for this transaction of $180,000
consisted of a down payment of $72,000 and a four year note
at 8% for the balance of $108,000.
Reference is made to the Press Release, dated June 2, 1999,
a copy of which is filed as Exhibit I to this Current Report
on Form 8-K and is incorporated herein by reference
Corfacts, Inc. & Subsidiary
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
a) Financial statements of business acquired:
None.
b) Pro forma financial information:
None.
c) Exhibits.
Press release dated June 2, 1999, incorporated
herein by reference.
SIGNATURE
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.
Corfacts, Inc.
Dated: June 7, 1999 s/s Larry Finkelstein
------------------------------
Larry Finkelstein, President &
Chairman of the Board
Corfacts, Inc. & Subsidiary
EXHIBIT I
Corfacts, Inc.
PRESS RELEASE
Contact:
Ariel Freud, Vice President
(800) 696-7788
METRO MARKETING ANNOUNCES PURCHASE OF INBOUND TELEMARKETING COMPANY
Freehold, NJ: June 2, 1999 (NASDAQ: OTC Bulletin Board:
CFCC) Metro Marketing Inc., the wholly owned subsidiary of Corfacts, Inc.,
has announced the purchase of the assets of EZ Connections of Wayne, NJ.
EZ Connections, a nine-year old firm, is a full service inbound
telemarketing/answering service company that services hundreds of clients.
Clients and customers of Metro Marketing will now be able to use the
professional answering service programs along with other inbound programs.
We now can provide services to our clients 24-hours a day, 365 days a year,
according to Ariel Freud, President of Metro Marketing.
New services will include live and voice-mail telemessaging, information
capture, reservation desk, order taking and a long list of other programs.
With nationwide 800 phone lines, we can now service clients anywhere in
the United States at no additional costs to the client, added Freud.
Adding inbound telemarketing and fax broadcasting divisions to our
existing telemarketing divisions, consisting of approximately $6 million
in annualized volume, positions Metro Marketing as a full service direct
marketing organization.
