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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 and Exchange Act of 1934
Date of Report (Date of earliest event reported) April 22, 1997
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INFORMATION MANAGEMENT TECHNOLOGIES CORPORATION
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(Exact name of Registrant as specified in its Charter)
DELAWARE
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(State of other jurisdiction of incorporation)
0-16753 58-1722085
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Commission File No. I.R.S. Employer Identification
130 Cedar Street, New York, NY 10006
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Address of principal Zip Code
executive offices
(212) 306-6100
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Registrant's telephone number,
including area code
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ITEM 5. OTHER EVENTS
The Registrant ("Company"), on April 22, 1997, extended the
expiration date and exercise price of the issued and outstanding Class A and
Class B Warrants of the Company.
In that regard, the Class A Warrants were extended from April 5,
1998 to April 5, 1999, and the exercise price was reduced from $4.25 to $1.75.
With respect to the Class B Warrants, the Class B Warrants were
simultaneously extended from April 5, 1998 to April 5, 1999, and the exercise
price per Warrant to purchase four (4) shares of Common Stock was reduced
from $9.80 per share to $2.50 per share.
Annexed hereto and made a part hereof is a copy of the press
release issued by the Company with respect to the Warrant extension.
EXHIBITS
1) Copy of Press Release.
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.
Dated: New York, New York
April 25, 1997
INFORMATION MANAGEMENT
TECHNOLOGIES CORPORATION
IMTECH
__________________________
(Registrant)
/s/ Joseph Gitto
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JOSEPH GITTO
President
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EXHIBIT 99.1
FOR IMMEDIATE RELEASE
Contact: Mr Joseph A. Gitto
President and Chief Financial Officer
IMTECH
IMTECH Announces Warrant Repricing and Extension of Expiration Date.
New York, NY - April 21, 1997 - Information Management Technologies
Corporation ("IMTECH") [NASDAQ: IMTKA (CLASS A COMMON STOCK)] announced
today, the extension of the expiration date of the company's Class A and
Class B Warrants ("IMTKW") from April 5, 1998 to April 5, 1999. In addition
the Company has adjusted the exercise price of the Class A and Class B
Warrants.
The Company adjusted the exercise price of it's Class A Warrants from $4.25
to $1.75 and the exercise price of it's Class B Warrants from $9.80 to $2.50.
Imtech provides on-site and off-site outsourcing services to firms in the
services sector. These services include Research Report Services, Laser
Printing, Global Print-on-Demand and Distribution, Legal Duplication, and
Facilities Management Services.
