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, as amended (the "Exchange Act")
Date of Report: (Date of earliest reported event:) May 30, 1997
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SYNAPTIX SYSTEMS CORPORATION
(Exact name of registrant as specified in its charter)
Colorado 33-15097-D 84-1045715
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification Number)
2450 South Shore Boulevard, Suite 210, Houston Texas 77573
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (281) 334-0405
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SYNAPTIX SYSTEMS CORPORATION
CURRENT REPORT ON FORM 8-K
TABLE OF CONTENTS
Page
Number
PART II. OTHER INFORMATION
Item 1. Acquisition of Assets..................................3
Signatures.............................................3
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Item 2. Acquisition of Assets
The Company acquired all of the assets of Synaptix Systems Corporation,
a Florida corporation ("Synaptix Florida"), from Swallen Investments Corp.
("Swallen") on May 30, 1997. Swallen was a successor in interest to Guaranty
Mortgage Corp., who had acquired the assets of Synaptix Florida upon the default
of a loan. Guaranty Mortgage Corp. ("Guaranty") subsequently disposed of the
assets to Swallen, who in turn sold the assets to the Company in exchange for
3,000,000 shares of the Company's common stock. Synaptix Florida is now a
defunct corporation. The assets purchased included the name "Synaptix Systems
Corporation" and intellectual property rights, which consisted of three software
programs and the source codes thereof. The consideration consisted entirely of
3,000,000 shares of the Company's common stock. Neither Swallen nor Guaranty are
affiliates of the Company or any director or officer of the Company. A press
release was issued on June 11, 1997, which disclosed this transaction, a copy of
which is attached hereto and incorporated herein as Exhibit 99.
Item 7. (c) Exhibits
Exhibit No. Exhibit
99 Synaptix Systems Corporation press release
dated June 11, 1997.
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, thereunto duly authorized.
SYNAPTIX SYSTEMS CORPORATION
Dated: June 16, 1997 By: /s/ Alan W. Harvey
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Alan W. Harvey, Chairman, President
and Chief Executive Officer
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Exhibit 99
Synpatix Systems Corporation
2450 South Shore Drive, Suite 210
League City, Texas 77253
Telephone: 281/334-0404
Facsimile: 281/334-0406
Contact: Alan W. Harvey FOR IMMEDIATE RELEASE
President & CEO June 11, 1997
SYNAPTIX SYSTEMS CORPORATION
ANNOUNCES ASSET PURCHASE
League City, TX, June 11, 1997 -- Synaptix Systems Corporation (NASDAQ
OTC Electronic Bulletin Board, Symbol: SYTS), a Colorado corporation formerly
known as Basic Natural Resources, Inc., today announced that the Company
purchased all of the assets of Synaptix Systems Corporation, a Florida
corporation, on May 30, 1997. These assets include the Synaptix name and three
software programs, and were acquired for 3,000,000 shares of the Company's
common stock.
In anticipation of the closing, the Company changed its name to
Synaptix Systems Corporation on April 9, 1997.
The software programs which were acquired by the Company include the
following:
INTERACT *INTERACT is a truly unique software program currently in
development, which combines free-form databases, wireless
and Internet communication capabilities allowing mobile
computer users easy customizable access to Internet data
sources and corporate databases. Currently in alpha testing,
INTERACT will be introduced at the Annual Fall COMDEX show
in Las Vegas, Nevada in November 1997.
Field Express * FieldExpress is a detachable job-site accounting program
that provides the user with accurate job forecasting
capabilities, electronic data feeds from remote job sites
and company wide committed costs and forecasting. This
product is fully developed and available for sale at this
time.
TnE Express * TnE Express is designed to be a simplified time sheet and
expense entry system which will allow the input of data into
standard accounting packages such as Oracle Financials,
Lawson, SPA, etc.
Alan W. Harvey, President and CEO stated that " the Company feels that
it is positioning itself to take advantage of the increased flexibility of
mobile computing devices, including hand-held personal computers and cellular
telephones."
Synaptix Systems Corporation is a computer software company engaged in
the development of mobile wireless communications software which provide
wireless data exchange between the mobile user and corporate database systems.
For additional information, please visit our website site at www.synaptix.com.
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