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):
October 18, 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 Paramount
Telephone Answering Service Inc., an inbound telemarketing
service in Middletown, New Jersey. Paramount provides
services to approximately 125 clients in the central New
Jersey area, with annual gross revenues of approximately
$144,000 (unaudited).
Reference is made to the Press Release, dated October 18,
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 October 18, 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: October 18, 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: October 18, 1999 (NASDAQ: OTC Bulletin Board: CFCC)
Metro Marketing Inc., the wholly owned subsidiary of Corfacts, Inc.,
has announced the purchase of the assets of Paramount, Inc. an
inbound telemarketing company based in Middletown, New Jersey.
Metro Marketing, Inc., is experienced in a wide range of outbound
and inbound telemarketing business services, such as appointment
setting, lead generation, lead management, direct mail follow-up,
trade show support services, surveys and market research, publication
subscriptions, customer service and account management.
The transaction will further strengthen the position of Corfacts,
Inc. in the outbound and inbound telemarketing industry. The
Company has call centers in Freehold, Wayne and East Windsor,
New Jersey, providing outbound and inbound telmarketing services
for clients throughout the United States.
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