d:\sec\8K12698.doc
UNITED STATES
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: January 15, 1998
NETWORK SYSTEMS INTERNATIONAL, INC.
(Exact Name of Registrant as Specified in its Charter)
Nevada 33-25308-D 87-0460247
(State or other (Commission File (I.R.S. Employer
jurisdiction Number Identification
of incorporation or Number)
organization)
200 North Elm Street, Greensboro, North Carolina 27401
(Address of principal executive officer) (Zip Code)
(336) 271-8400
(Registrants telephone number, including area code)
Item 5. Other Events.
Network Systems International, Inc. (the "Company") issued a press
release over PR Newswire on January 15, 1998 announcing a five for
four stock split of common and preferred stock for shareholders of
record as of Friday, January 16, 1998 and a distribution date of
Friday, January 30, 1998. The split will allow the Company to move
more rapidly in its application for Small Cap status with NASDAQ.
Reference is made to the press release filed as Exhibit 99 hereto.
SIGNATURE
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.
NETWORK SYSTEMS INTERNATIONAL, INC.
(Registrant)
By: /s/ William C. Ray
William C. Ray, Vice President / Secretary
Date: January 26, 1998
INDEX
Exhibit (99) Press Release dated January 15, 1998
d:\sec\exh998k.doc
EXHIBIT 99
Network Systems International, Inc.
200 North Elm Street
Greensboro, NC 27401
FOR IMMEDIATE RELEASE
NETWORK SYSTEMS INTERNATIONAL, INC.
ANNOUNCES STOCK SPLIT
Greensboro, North Carolina: Thursday, January 15, 1998 - Network
Systems International, Inc. (NESI: OTC: BB) announced today that at a
special called meeting of its Board of Directors last evening, the
Board approved a five for four split in the common and preferred stock
of the Company. The Board set a date of Friday, January 16, 1998 as
the record date for the stock split and a distribution date of Friday,
January 30, 1998.
In announcing the split, Robbie M. Efird, President and CEO said, "The
stock split approved by our Board of Directors recognizes the
tremendous year end performance of Network as recently announced and
the confidence of our Board in the continued growth of the Company.
Additionally, the split will allow the Company to move more rapidly in
its application for Small Cap status with NASDAQ."
Network Systems International, Inc. owns proprietary software utilized
in the manufacturing process industry and was specifically designed to
address Year 2000 issues.
The above quote contains forward-looking statements based upon certain
assumptions regarding the general economy, sales, marketability of the
Company's third generation software, retention and additions to
current staffing needs and the continuation of productivity within the
manufacturing process industry as a whole. In the event assumptions
regarding these areas prove to be inaccurate, actual results could
vary significantly from the anticipated performances noted in the
forward-looking statements.
Contact:
Network Systems International, Inc.
Investor Relations
1-800-400-8649 ext. 247
www.nesi.net
