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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
Date of Report (Date of earliest event reported):
April 26, 1999
GHS, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-15586 52-1373960
(State or other (Commission (I.R.S.Employer
jurisdiction) File Number) Identification No.)
2400 Research Blvd., Suite 325, Rockville, Maryland 20850
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (301) 208-8998
N/A
(Former name and former address, if changed since last report)
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Item 5. Other Events
On April 26, 1999, GHS, Inc. ("GHS") announced an
Internet initiative that includes plans for an online network to focus
on personal and professional improvement, as described in the press
release filed as an exhibit hereto and incorporated by reference herein.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
Ex. No. Description
99(a) Press Release issued April 26, 1999.
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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 hereunto duly authorized.
GHS, INC.
By: /s/ Alan Gold
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Name: Alan Gold
Title: President
Dated: April 27, 1997
257287
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<Ex. 99>
FOR IMMEDIATE RELEASE Contact: Alan Gold
(301) 208-8998
GHS, Inc. Announces Internet Initiative
Sites to Focus on Self-improvement, Motivation & Education
Rockville, MD (April 26, 1999) -- GHS, Inc. today announced an
Internet initiative that includes plans for an online network
to focus on personal and professional improvement.
GHS has an agreement in principle with Anthony J. Robbins and his
operating company, Robbins Research International Inc., that would
make GHS the exclusive online source for Robbins' training, courses,
content and publications. Tony Robbins is internationally recognized
as the world leader in peak performance results coaching. He is an
international best selling author of five books and his Personal
Power audio program is the number-one personal and professional
coaching system of all time with more than 30 million tapes being
used to transform lives worldwide.
In addition, GHS has signed a letter of intent with The Learning
Annex, through which GHS expects to have the exclusive online
access to educational content and materials covering a wide range
of topics. As part of this letter of intent, GHS would acquire
Brainfuel.com, the online arm of The Learning Annex and have the
option to purchase the company's traditional offline business in
the future.
GHS is currently negotiating other arrangements with several
leading experts and developers of self-improvement and personal
productivity products to position the network as the leading
self-improvement and training center on the Internet.
This new Internet initiative would be separate in all respects from
GHS's existing business, U. S. NeuroSurgical, Inc., which owns and
operates Gamma Knife surgery centers in New York and Kansas City.
As soon as possible after the closing, GHS plans to spin- off
U.S. NeuroSurgical, Inc. to the holders of GHS common stock who
are holders of record immediately prior to the closing of the
above transactions.
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GHS intends to enter into marketing and license agreements with various
entities to distribute its content on the Internet and, in connection
with the above described transactions, expects to issue initially
(after the record date for the spin-off) capital stock which will
represent approximately 80% of the total outstanding after giving
effect to such issuances.
The transactions described above are subject to a number of conditions,
including the execution of definitive documentation, required regulatory
and third party consents and approvals and the obtaining of additional
capital to fund the initial development of the business. There can be
no assurance that such conditions will be satisfied and, therefore, that
all or any of the above transactions will be consummated.
GHS, Inc. is a public company whose current operating subsidiary,
U.S. NeuroSurgical, owns and operates stereotactic radiosurgery
centers utilizing the Leksell Gamma Knife.
Tony Robbins and his operating company, Robbins Research International,
Inc., are acknowledged authorities in the personal and professional
improvement industry, conducting training and coaching programs worldwide.
Their dynamic contributions create positive transformations for individuals
and organizations globally.
The Learning Annex is America's leading alternative adult education
organization. It presents highly acclaimed speakers offering practical
seminars aimed at transforming the professional, emotional, physical and
creative lives of participants. Its classes are on the cutting edge of
new business, social, scientific and spiritual trends in America.
_ _ _
Statements in this press release, other than statements of historical
information, are forward-looking statements that are made pursuant to
the safe harbor provisions of the Private Securities Litigation Reform
Act of 1995. Investors are cautioned that forward-looking statements
are inherently uncertain. Actual performance and results may differ
materially from the projected or suggested herein due to certain risks
and uncertainties including, without limitation, the risks associated
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with the ability to consummate the transactions set forth above,
management of growth, and competition, as well as operating risks.
Certain other risks are described in the Company's filings with
the Securities and Exchange Commission (SEC) over the last 12
months, copies of which are available from the SEC or may be
obtained upon request from the Company.
