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): April 27, 1999
MENTORTECH INC.
(Exact name of registrant as specified in its charter)
Delaware 333-64623 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)
(Former name or former address, if changed since last report)
<PAGE>
Item 5. Other Events.
On April 27, 1999, 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 April 27, 1999
<PAGE>
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.
MENTORTECH INC.
(Registrant)
By: /s/Roy Machnes
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Roy Machnes
Chief Executive Officer
Date: April 27, 1999
<PAGE>
EXHIBIT INDEX
Exhibit No. Description
- ----------- -----------
99.1 Press Release dated April 27, 1999
Company Press Release
Mentortech Inc.
Mentortech Announces the Sale of its New York City-based
Consulting Services Division to
ForSoft Ltd.
New York--April 27, 1999--Mentortech Inc.(Nasdaq Bulletin Board:MNTK) announced
that the Company's Board of Directors has approved the sale of its New York
City-based consulting services division for approximately $1.8 million to
ForSoft Ltd.(Nasdaq: FORS), which is a related company and a leading provider of
information technology services and systems integration services. The execution
of a definitive agreement and the closing of the transaction is expected to take
place in May. Upon the sale of the consulting services division, Mentortech will
have divested itself of all of its U.S.-based operations. On March 15, 1999 the
Company sold its metropolitan New York-based instructor led training activities
to Knowledge Alliance, Inc.
Mentortech develops and offers instructor-led training and technology-based
training courses for information technology professionals in the State of
Israel. Mentortech's programs include a wide range of introductory and advanced
classes in a multitude of subjects ranging from full vocational training
programs which are geared to training individuals to become information
technology professionals to end-user computer proficiency courses.
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Contact:
Mentortech Inc., New York
Roy Machnes, President
Telephone: 212/736-5870
or
For ForSoft Ltd.
Dennis S. Dobson, Inc., Fairfield
Dennis S. Dobson
203/255-7902
