UNITED STATES
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 (Date of earliest event reported): October 20, 1999
NEWSTATE HOLDINGS, INC.
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(Exact name of registrant as specified in its charter)
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<CAPTION>
<S> <C> <C>
Delaware 000-21907 84-1182875
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(State or other jurisdiction of (Commission File Number) (IRS Employer Identification Number
incorporation
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16 W. 32nd Street, Suite 801, New York, NY 10001
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (212) 643-2080
Racom Systems, Inc.
6080 Greenwood Plaza Blvd., Greenwood Village, Colorado 80111
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(Former name or former address, if changed since last report)
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ITEM 8. CHANGE IN FISCAL YEAR
On October 18, 1999, NewState Holdings, Inc. (the "Registrant") adopted a fiscal
year consistent with the fiscal year of NewState Capital Co., Ltd., a recently
acquired Korean subsidiary in a reverse acquisition. As a result of this change,
the Registrant's fiscal year now ends on March 31 of each year. This is
different from the fiscal year reflected in prior filings with the Securities
and Exchange Commission.
Forward Looking Statements
This Form 8-K contains forward-looking statements which involve risks
and uncertainties. When used herein, the words "anticipate", "believe",
"estimate" and "expect" and similar expressions as they relate to the Registrant
or its management, are intended to identify such forward-looking statements.
These forward-looking statements are made pursuant to the safe harbor provisions
of the Private Securities Litigation Reform Act of 1995. The Registrant's actual
results, performance or achievements could differ materially from the results
expressed in or implied by these forward-looking statements. Factors that could
cause or contribute to such differences are detailed from time to time in the
Registrant's Securities and Exchange Commission reports. Historical results are
not necessarily indicative of trends in operating results for any future period.
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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.
NEWSTATE HOLDINGS, INC.
Dated: October 20, 1999 By: ALEXANDER T. SHANG
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Alexander T. Shang, Treasurer
and Chief Financial Officer
