SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report
June 9, 1997
MARKET DATA CORP.
(Exact name of registrant as specified in its charter)
TEXAS 33-22264-FW 76-0252235
(State or jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
14505 TORREY CHASE BLVD. SUITE 410, HOUSTON, TX 77014
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (281) 586-8686
Item 5. Other Information
Market Data Corp. has signed a Letter of Intent to acquire 100%
of the issued and outstanding stock of Golden West Funding, Inc.
of Sacramento, California. The Letter of Intent represents the
willingness of the management of both companies to complete the
merger and begin a growth process that will be significant for
both companies. The action was approved by the board of
directors by special meeting on May 30, 1997.
Golden West Funding is a national mortgage banker with fifteen
branch offices in six states with annual revenues of $2,141,216
in calendar 1996. Golden West Funding is in the process of
developing an Intranet Based Mortgage Video Teleconferencing
System to connect its processing centers to its origination
branches and real estate offices. The acquisition of Golden West
Fundings' branch system will provide complete coverage of the
state of California, North to South. In addition, the potential
of combining the Golden West Funding Video Conferencing System
with Market Data Corp.'s franchise system is exciting to
contemplate. Either system provides ample opportunity for
growth, but combined the synergy is powerful. Market Data's
staff has over ten years in mortgage franchise experience. A new
network built on Golden West's new video technology will provide
a new economic model that will change the nature of the mortgage
industry.
Simultaneous with the closing, Market Data will close a private
placement of restricted common shares to fund the acquisition.
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.
Market Data Corp.
(Registrant)
6/9/97 Mike Pope
Date (Signature)
6/9/97 Philip LaPuma
Date (Signature)
