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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 (Date of earliest event reported) DECEMBER 23, 1998
INSCI CORP.
(Exact name of Registrant as specified in its Charter)
DELAWARE
(State of other jurisdiction of incorporation)
1-12966 06-1302773
Commission File No. I.R.S. Employer Identification
TWO WESTBOROUGH BUSINESS PARK,
WESTBOROUGH, MA 01581
Address of principal Zip Code
executive offices
(508) 870-4000
Registrant's telephone number,
including area code
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ITEM 5. OTHER EVENTS
On December 23, 1998, the Registrant's (the "Company") Board of
Directors resolved to extend the expiration date of the issued and outstanding
warrants which are exercisable at $9.00 per share. One Million Two Hundred Fifty
Thousand (1,250,000) warrants issued and outstanding which expire on December
31, 1998 were extended until December 31, 1999 with all terms and conditions of
the warrants remaining the same. The Company issued a press release with respect
to the extension of the warrants. Annexed hereto and marked Exhibit 1 is a copy
of the press release.
EXHIBITS
Copy of Press Release with respect to the extension of Warrants.
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.
Dated: Westborough, MA
December 29, 1998
INSCI CORP.
(Registrant)
/s/ Roger Kuhn
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Roger Kuhn
Chief Financial Officer
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EXHIBIT 1
FOR IMMEDIATE RELEASE
Contact: Ted Prince Roger Kuhn
INSCI Corp INSCI Corp
(508) 870-4015 (508) 870-4014
[email protected] [email protected]
INSCI CORP ANNOUNCES
EXTENSION OF WARRANTS EXPIRATION DATE
WESTBOROUGH, MA (December 29, 1998). . . . INSCI Corp (NASDAQ:INSI), today
announced the extension of the expiration date of the Company's initial public
offering Warrants from December 31, 1998, to December 31, 1999. All other terms
and conditions of the Warrants remain the same.
ABOUT INSCI
INSCI Corp is a leader in innovative digital storage, Internet and electronic
commerce solutions for managing and distributing high-value business transaction
documents and reports. The Company's software solutions allow customers to
implement more effective and cost-efficient means of managing and distributing
high volumes of reports and value documents used to conduct business. INSCI
solutions are designed to help customers become more competitive; streamline
their business processes; improve the level of services they provide their
clientele; realize a significant return on their technology investment and;
create the digital document "back office" foundation that is required for all
electronic commerce applications. For more information about INSCI Corp, visit
its home page on the Internet at http://www.insci.com.
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