SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
F O R M 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): December 11, 1997
MENTORTECH INC.
---------------
(Exact name of registrant as specified in its charter)
Delaware 0-17419 13-3260705
-------- ------- ----------
(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation) Identification No.)
462 Seventh Avenue, New York, New York 10018
--------------------------------------- ----------
(Address of principal executive offices) (Zip Code)
(212) 736-5870
--------------
(Registrant's telephone number, including area code)
-----------------------------------------------------------
(Former name or former address, if changed since last report)
<PAGE>
Item 5. Other Events.
On December 12, 1997, the registrant issued a press release in the form
attached to this Report as Exhibit 99.1.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
Exhibit No.
-----------
99.1 Press Release dated December 12, 1997
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Amendment to be signed on its behalf by the
undersigned hereunto duly authorized.
MENTORTECH INC.
(Registrant)
By:/s/Roy Machnes
------------------
Name: Roy Machnes
Title: Chief Executive Officer
Date: December 12, 1997
<PAGE>
EXHIBIT INDEX
Exhibit No. Description
- ----------- -----------
99.1 Press Release dated December 12, 1997
MENTORTECH
otherwise known as PC ETCETERA
Mentortech Inc.
New York, New York, December 12, 1997. Mentortech, Inc. (Nasdaq Bulletin Board:
MNTK) announced today that the Company completed a private placement of
2,045,455 Units, each Unit consisting of two shares of Common Stock and one
two-year Warrant to purchase a share of Common Stock. The price per Unit was
$1.10 and the exercise price of the Warrant contained in each Unit is $.55 per
share of Common Stock. The final closing of the private placement took place on
December 11, 1997. The proceeds of the private placement will be used to provide
the Company with funds for the development of its business and for working
capital.
In connection with, but separately from the private placement, the Company's
principal shareholder, Mashov Computers Marketing Ltd., converted $1,162,000 of
debt owed to it by the Company into 1,056,363 Units.
The securities offered in the private placement and to Mashov Computers have not
been registered under the Securities Act of 1933, as amended, and may not be
offered or sold in the United States absent registration or an applicable
exemption from registration requirements.
462 Seventh Avenue, 4th fl. New York, NY 10018
T:212.736.5870 F:212.736.9046
