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 5, 1997
MENTORTECH INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-17419 13-3260705
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(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation) Identification No.)
462 Seventh Avenue, New York, New York 10018
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(Address of principal executive offices) (Zip Code)
(212) 736-5870
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(Registrant's telephone number, including area code)
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(Former name or former address, if changed since last report)
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Item 5. Other Events.
On December 8, 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.
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99.1 Press Release dated December 5, 1997
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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
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Roy Machnes
Chief Executive Officer
Date: December 9, 1997
<PAGE>
EXHIBIT INDEX
Exhibit No. Description
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99.1 Press Release dated December 5, 1997
MENTORTECH
otherwise known as PC ETCETERA
Company Press Release
Mentortech Inc.
New York, New York, December 5, 1997. Mentortech, Inc. (Nasdaq Bulletin Board:
MNTK) announced today that the Company has sold 1,215,000 Units in a private
placement, each Unit consisting of two shares of Common stock and one two-year
Warrant to purchase a share of Common Stock. The private placement provides for
the sale of a maximum of 2,045,455 Units. 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 closing for the sale of the 1,215,000 Units took place on December 5,
1997 and the final closing, if any, for additional Units will take place on or
before December 15, 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., agreed to convert
$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
