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: June 1, 1998
NETWORK SYSTEMS INTERNATIONAL, INC.
(Exact Name of Registrant as Specified in its Charter)
Nevada 0-22991 87-0460247
(State or other jurisdiction (Commission File (I.R.S. Employer
of incorporation or organization) Number) Identification
Number)
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 through PR Newswire on June 1, 1998 announcing that the
Company had signed a forty-five day extension of its letter of intent
to acquire Innovative Control Concepts, Inc. 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: June 1, 1998
INDEX
Exhibit (99) Press Release dated June 1, 1998
Exhibit 99
Network Systems International, Inc.
200 North Elm Street
Greensboro, NC 27401
FOR IMMEDIATE RELEASE
NETWORK SYSTEMS INTERNATIONAL, INC. and
INNOVATIVE CONTROL CONCEPTS, INC. EXTEND
LETTER OF INTENT
Greensboro, North Carolina: Monday, June 1, 1998 - Network Systems
International, Inc. (NESI: OTC: BB) announced today that it had
reached an agreement with Houston based Innovative Control Concepts,
Inc. (ICC) to extend due diligence for an additional forty-five days.
It had previously been announced that the companies anticipated
completion of due diligence by the end of May.
Network Systems International, Inc. owns proprietary software utilized
in the manufacturing process industry.
Robbie M. Efird, President and CEO of Network said, "Our original
estimate of time required to complete due diligence was overly
aggressive and, therefore, it is not complete at this time. We have
made progress and continue to realize the synergies between the two
entities."
Safe Harbor Act Disclaimer: This release may contain forward looking
statements that involve risk and uncertainties, including without
limitations, continued acceptance of the Company's products and
services, increased levels of competition, new products and
technological changes. Other risks are detailed from time to time in
the Company's federal filings, annual reports, offering memorandums,
or prospectus.
Contact:
Network Systems International, Inc.
Investor Relations
1-800-400-8649 ext. 247
www.nesi.net
