U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report: June 8, 1999
Date of Earliest Event Reported: June 8, 1999
NEWGOLD, INC.
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(Exact Name of Small Business Issuer as Specified in Charter)
Delaware 0-20722 16-1400479
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(State or Other (Commission File No.) (IRS Employer
Jurisdiction of Identification No.)
Incorporation)
35265 Willow Avenue
Post Office Box 230
Clarksburg, California 95612
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(Address of Principal Executive Offices)
(916) 665-1840
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(Issuer's Telephone Number)
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(Former Name, if changed since Last Report)
1
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Item 1. Changes in Control of Registrant.
N/A
Item 2. Acquisition or Disposition of Assets.
N/A
Item 3. Bankruptcy or Receivership.
N/A
Item 4. Changes in Registrant's Certifying Accountants
N/A
Item 5. Other Events
See attached press release (Exhibit 20).
Item 6. Resignation of Registrant's Directors
N/A
Item 7. Financial Statements.
Item 8. Change in Fiscal Year
N/A
Item 9. Sale of Equity Securities under Regulation S.
(Required until January 1, 1999)
N/A
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 the
registrant has caused this report to be signed on its behalf by the undersigned
hereunto duly authorized .
NEWGOLD, INC.
Date: June 8, 1999 By: /s/Arthur Scott Dockter
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Arthur Scott Dockter,
President
PRESS RELEASE
NEWGOLD, INC. ANNOUNCES 3 FOR 2 STOCK SPLIT
Merger Partner Acquires Expanded Business-to-Business Internet Services,
Fully Developed Medical Community
CLARKSBURG, CALIFORNIA, USA, June 8, 1999 -- A. Scott Dockter, President and
Chairman of Newgold, Inc. [NASDAQ OTC/BB: NGLD], is pleased to announce the
authorization of a 3 for 2 split of its common shares, effective June 17, 1999.
This transaction occurs prior to and in preparation for the 1 for 12
consolidation of the Newgold shares, to be effective upon completion of the
merger between Comercis, Inc. (formerly Business Web, Inc.) and Newgold, Inc.
This common shares split -- which applies to shareholders of record as of June
10, 1999 - is in conjunction with the acquisition of Netgate Medical, Inc. by
Comercis. The $19 million acquisition will provide Comercis with technology and
customers that will expand its business-to-business Internet services, as well
as supply additional subscribers who should account for an incremental $1
million in revenue for 1999.
"What the Netgate technology has done for the medical community, it can do for
any of our current and future communities across multiple industry sectors,"
said Chris Meaux, President and Chief Executive Officer of Comercis. "These
industry sectors include natural resources, dental, petrochemical, computer,
consumer electronic and automotive. I expect to see each community grow
dramatically as a result of this acquisition."
With Netgate's technology, Comercis will be able to offer members of their
vertical trade communities a single source, menu-driven intranet with extranet
connectivity. This capability allows members to conduct secure communications
for information sharing or commerce 24 hours a day, seven days a week with no
networking hardware needed. Providing advanced communications capabilities, such
as search engines and broadcast tools, trade communities will communicate with
customers, peers and vendors like never before.
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Netgate's online medical community has been developed over the past three years
of finely focused research and development to provide secure communications.
Currently, it is comprised of over thirty interdependent healthcare and
associated categories that include networked physicians, pharmacists,
therapists, hospitals, insurance providers, pharmaceutical companies, medical
suppliers and more. Netgate's technology links all these participants, allowing
them to service their needs quickly and cost-effectively. For example, patients
can use community search capabilities to find physicians. Doctors can share
medical files with specialists. Surgeons can schedule appointments with
patients, as well as set up their surgical schedule with hospitals. Hospitals
can broadcast equipment needs to vendors and manufacturers anywhere in the
world. The possibilities are endless, and they are not limited to the medical
community.
About Comercis
Comercis is the leading business-to-business cyber-community management and
development company. Based near Dallas, Texas, Comercis was founded as Business
Web, Inc., in 1997. With Cybermovers.net, the first Internet Move-In and
Property Management Service, Comercis and its partners provide small to large
businesses with start-to-finish knowledge and understanding of how to design,
create, host and develop entire Internet communities. In addition to BellSouth,
Cybermovers is the preferred move-in service for Netopia (Nasdaq:NTPA) Virtual
Office Web site owners. The service is available where NVO is featured on the
Netscape (NYSE:AOL) Small Business Center at www.nvo.com, the Intuit
(Nasdaq:INTU) Small Business Smart Buyers Guide at www.home.mynvo.com, as well
as www.cybermovers.net. Further information is available at www.comercis.com, or
toll-free at 877/424-9932.
THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. Some of the statements
contained in this release are forward-looking in nature. The accuracy of these
statements cannot be guaranteed as they are subject to a variety of risks and
other related factors detailed in the Company's filings with the Securities and
Exchange Commission.
Press Contact:
For more information regarding this announcement, please contact Scott Dockter,
[email protected] of Newgold, James Cutburth, [email protected], or Judson
Rogers, [email protected], of Comercis at (817) 421-9770,
[email protected] or Jill Ballo of Imagio Public Relations at (206) 625-0252,
[email protected]. For more information about Comercis, please visit the Web site
at www.comercis.com.
