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) August 30, 1999
PrintOnTheNet.com, Inc.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
000-14614 59-1270754
(Commission File Number) (IRS Employer Identification No.)
PrintOnTheNet.com, Inc.
7700 N.W. 37th Avenue
Miami, Florida 30076
(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code: (305) 691-2800
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Item 2. Acquisition or Disposition of Assets.
On August 30, 1999, PrintOnTheNet.com, Inc. completed the
acquisition of two South Florida printing companies: Bailey's
Printing Plus, Inc. and Ivan's Quik Print, Inc.
Bailey's Printing Plus, Inc. was acquired for $175,000. Of
that, $25,000 was paid in cash. The remaining portion of the
purchase price was paid by delivery of shares of the Registrant's
common stock having a value equal to $150,000.
Ivan's Quik Print, Inc. was acquired for $90,000. Of that,
$15,000 was paid in cash. The remaining portion of the purchase
price was paid by delivery of shares of the Registrant's common
stock having a value equal to $75,000.
Item 7. Financial Statements and Exhibits.
(a) Financial Statements: Not applicable.
(b) Pro Forma Financial Information: Not applicable.
(c) Exhibits:
99.1 Press Release issued by the Registrant on
August 30, 1999.
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.
PrintOnTheNet.Com, Inc.
Date: September 13, 1999. By: /s/ Benjamin Rogatinsky
Benjamin Rogatinsky, Chairman
and Chief Executive Officer
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Exhibit 99.1
MIAMI--(BUSINESS WIRE)--Aug. 30, 1999--PrintOnTheNet.com, a
Florida-based online printing company, today announced the
acquisition of two South Florida print companies: Bailey's
Printing Plus and Ivan's Quick Print.
The acquisitions were completed with a combination of cash and
PrintOnTheNet.com stock, and are expected to bring the company
approximately $1 million in annual sales.
"These acquisitions are in line with our aggressive strategy
designed to grow revenues and solidify PrintOnTheNet.com's
position as the leader in the on-line printing industry, said Ben
Rogatinsky, Chairman and Chief Executive Officer of
PrintOnTheNet.com. "We plan to continue acquiring traditional
printing companies like Bailey's Printing Plus and Ivan's Quick
Print, consolidate their production into our centralized
facilities and convert their existing clients to
PrintOnTheNet.com's on-line community."
PrintOnTheNet.com, also launched a fully interactive secure
shopping site today, through which individuals and companies of
all sizes are able to design and order their printed materials via
the World Wide Web. PrintOnTheNet.com intends to cater its web
site to consumers and businesses throughout the world with a
primary focus on "business-to-business" e-commerce.
Rogatinsky added, "We believe PrintOnTheNet.com's innovative
printing solutions will revolutionize the industry by providing
printing at lower costs and with faster turnaround than those of
standard printers."
PrintOnTheNet.com is one of the first in the industry to use "What
You See Is What You Get" Inteligraphic(TM) technology and the
first online printing company to be awarded the IBM e-Business
Mark. The IBM e-Business Mark recognizes companies that have
brought a significant business process to the Web. For more
information, visit www.PrintOnTheNet.com.
Forward looking statements in this release, including statements
regarding PrintOnTheNet.com's future operations are based on
information available to the company as of the date hereof and
involve a number of risks and uncertainties. Among the important
factors that could cause actual results to differ are delays or
failures in product development, competitive pressures, general
economic conditions and the success of e-commerce generally.
