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: May 12, 1999
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 May 5, 1999 announcing that it had signed a letter
of intent to acquire Vercom Software, Inc. It was announced that the
proposal was subject to completion of due diligence by both parties.
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/ Michael T. Spohn
Michael T. Spohn, C.F.O.
Date: May 12, 1999
EXHIBIT 99
Network Systems International, Inc.
200 North Elm Street
Greensboro, NC 27401
FOR IMMEDIATE RELEASE
NETWORK SYSTEMS SIGNS LETTER OF INTENT TO
PURCHASE VERCOM SOFTWARE
Greensboro, North Carolina: Wednesday, May 5, 1999: NETWORK
SYSTEMS International, Inc. (NESI: NASDAQ) announced today
that it has signed a letter of intent with the shareholders
of Vercom Software, Inc. located in Dallas, Texas to acquire
all of the capital stock of Vercom. Vercom is a vertical
market company offering a specialized software solution for
the complex and variable requirements of the printing
industry. Revenues for Vercom for the fiscal year 1998 were
approximately $5.5 million. The transaction is expected to
close sometime in NETWORK SYSTEMS' third fiscal quarter.
The transaction is subject to due diligence and various
approvals. Robbie M. Efird, Chairman and CEO, stated, "This
action reflects NETWORK SYSTEMS' plans to increase
shareholder value through strategic acquisitions, in
addition to internal efforts."
NETWORK SYSTEMS International, Inc. was originally
incorporated in 1985 and has since been engaged in the
development of the net collection(tm), the premier suite of
enterprise-wide software products for complex manufacturers,
emphasizing sales order processing, ERP, manufacturing
execution and distribution management. NETWORK SYSTEMS'
software enables a company to track a product from order
entry to final shipment while providing both plant personnel
and management complete visibility of all manufacturing
activities. NETWORK SYSTEMS International, Inc. is
headquartered in Greensboro, NC.
Safe Harbor Act Disclaimer: This release may contain
forward looking statements that involve risk and
uncertainties, including without limitations, the risk that
the acquisition described in the letter of intent will not
be consummated, and other risks. The Company's actual
consolidated financial results during 1999, and beyond,
could differ materially from those expressed in any forward
looking statements made by, or on behalf of, the Company.
