SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of Report (Date of earliest event reported): October 30, 1998
VISUAL DATA CORPORATION.
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(Exact name of registrant as specified in its charter)
FLORIDA 0-22948 65-0420146
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) Number)
1291 SW 29 Avenue, Pompano Beach, Florida 33069
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(Address of executive offices and Zip Code)
Registrant's telephone number, including area code: (954)917-6655
Not Applicable
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(Former name or former address, if changed since last report)
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The Report on Form 8-K/A as filed by Visual Data Corporation (the
"Company") on October 7, 1998 is hereby amended to include the following:
Item 5. Other Events.
Mr. Benjamin Swirsky has been a director of the Company since July
1997. Following is updated biographical information for Mr. Swirsky which
includes information concerning his relationship with Easy Access, Inc., a
publicly-traded company.
Benjamin Swirsky. Mr. Swirsky has been a member of the Board of
Directors since July 1997 and serves on the Audit and Remuneration Committees of
the Board of Directors. Mr. Swirsky is the owner of Beswir Properties Inc., an
investment capital company. Since June 1998 Mr. Swirsky has been Chairman and
CEO of Nextel Group, Inc., a telecommunications company which is a subsidiary of
Easy Access, Inc., a publicly-traded company (OTCBB: EZZZ). From June 1993 until
January 1998, Mr. Swirsky was President and Chief Executive Officer of Slater
Steel, Inc., a publicly traded company listed on the Toronto Stock Exchange
(SSI) with investments in the steel, steel service, forging, pole-line hardware
and trucking industries. Mr. Swirsky is also a member of the Board of Directors
of the Four Seasons Hotel Corp., a chain of first class hotels located
throughout the world, and serves on the Audit, Compensation and Governance
committees of the Board. Mr. Swirsky also sits on the Board of Directors of a
number of other companies, including (i) PC DOCS Group International Inc., a
Canadian publicly-traded company (Nasdaq: DOCSF, TSE: DXX) where he currently
serves as Chairman, (ii) CamVec Corp., a Canadian publicly-traded company
(CAT.CV), (iii) MigraTEC Inc., a publicly-traded company (Nasdaq: MIGR) where he
currently serves as Chairman, (iv) Easy Access, Inc., a publicly traded company
listed on the OTC Bulletin Board (OTCBB: EZZZ), in which he is also a principal
shareholder, (iv) Commercial Alcohols, Inc., in which he is also a principal
shareholder and (v) Bee Line Monorail Systems, Inc.
Item 7. Financial Statements, Proforma Financial Information and Exhibits.
(a) Audited Financial Statements of EDnet, Inc.
The Audited Financial Statements of EDnet, Inc. as filed in the Form
8-K/A on October 7, 1998 are hereby amended to include a replacement Report of
Independent Auditor's to correct the Report originally filed which omitted the
name of the audit firm as a result of a typographical error. Other than the
inclusion of the name of the audit firm, there are no changes in the Report
filed herewith from the Report originally filed on October 7, 1998.
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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.
Visual Data Corporation
Date: October 30, 1998 By: /s/ Randy S. Selman
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Randy S. Selman,
President, Chief Executive Officer
and Acting Chief Financial Officer
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INDEPENDENT AUDITORS' REPORT
To the Board of Directors of EDnet, Inc.
We have audited the accompanying consolidated balance sheets of EDnet, Inc. and
subsidiaries as of June 30, 1998 and 1997 and the related consolidated
statements of operations, stockholders' equity, and cash flows for the years
then ended. These financial statements are the responsibility of the Company's
management. Our responsibility is to express an opinion on these financial
statements based on our audits.
We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and the significant estimates made by
management, as well as evaluating the overall financial statement presentation.
We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in
all material respects, the consolidated financial position of EDnet, Inc. and
subsidiaries as of June 30, 1998 and 1997 and the consolidated results of their
operations and their cash flows for the years then ended, in conformity with
generally accepted accounting principles.
Burr, Pilger & Mayer
San Francisco, California
July 23, 1998
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