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
August 24, 1998
(Date of earliest event reported)
CSI COMPUTER SPECIALISTS, INC.
(Exact name of Registrant as specified in its Charter)
Delaware 0-26464 52-1599610
(State of Incorporation) (Commission File Number) (IRS Employer
Identification Number)
904 Wind River Lane, Suite 100, Gaithersburg, Maryland 20878
(Address of principal executive offices, including zip code)
(301) 921-8860
(Registrant's telephone number, including area code)
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Item 5. Other Events.
Reference is made to Exhibit 99, a press release issued by the
Registrant on September 1, 1998 regarding the delisting of the Company's common
stock and warrants from The Nasdaq Stock Market. A copy of the press release is
incorporated herein by reference.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibit No. Description
99 Press Release dated September 1, 1998
<PAGE>
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.
CSI COMPUTER SPECIALISTS, INC.
Date: September 2, 1998 By: /s/ James D. Boccabella
-----------------------
Chief Financial Officer
Exhibit 99
PRESS RELEASE
FOR IMMEDIATE RELEASE CONTACT: CSI Computer Specialists, Inc.
Donald C. Weymer, CEO
(301) 921-8860
CSI COMPUTER SPECIALISTS, INC.
ANNOUNCES DELISTING FROM NASDAQ SMALLCAP MARKET
GAITHERSBURG, MARYLAND, SEPTEMBER 1, 1998 - CSI Computer Specialists, Inc. (OTC:
CSIS, CSISW) announced today that the Company's common stock and warrants were
delisted from The Nasdaq Stock Market effective with the close of business
August 24, 1998. The Company initially failed to meet the minimum bid price
requirement of the Nasdaq Stock Market as of May 18, 1998, and was granted a
temporary exception from the standard subject to meeting certain conditions. The
minimum price condition was not met by August 18, 1998, the expiration date of
the exception, and the delisting became effective on August 24, 1998.
The Company's common stock and warrants currently are quoted in the OTC Bulletin
Board. The trading symbols for such securities have been changed from CSISC and
CSIWC to CSIS and CSISW, respectively.
CSI Computer Specialists, Inc. is in the business of providing a full range of
computer hardware services, including sales and maintenance of mainframe and
midrange computer equipment and parts, network design and installation, computer
upgrades, and installation and de-installation of equipment. The Company
provides its services to commercial customers, agencies of the federal, state
and local governments, and universities, hospitals, and associations, primarily
in the Mid-Atlantic region of the United States, as well as in Illinois and
California.
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