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FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: April 17, 1998
ELECTROSCOPE, INC.
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(Exact name of Registrant as specified in its charter)
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Colorado 0-28604 84-1162056
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(State or other jurisdiction (Commission File Number) (IRS Employer No.)
of Incorporation)
4828 Sterling Drive
Boulder, CO 80301
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(Address of principal executive office)
(303) 444-2600
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(Registrant's telephone number,
including area code)
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ITEM 5. OTHER EVENTS
The Registrant has received a copy of a Schedule 13D that has been filed
with the Securities and Exchange Commission by Vern D. Kornelsen, a former
officer and Director of the Registrant, and by CMED Partners, LLLP. The
Schedule 13D indicates, in part, that:
1. Mr. Kornelsen owns beneficially and has sole voting power and
sole dispositive power over 1,944,321 shares of Registrant's
Common Stock, which represents 36.1% of the outstanding shares
of Common Stock.
2. 1,806,100 of such shares are owned by CMED Partners, LLLP, of
which Mr. Kornelsen is the general partner.
3. Except as described in paragraph 4 below, neither Mr. Kornelsen
nor CMED has any present plans or proposals that relate to or
would result in any transaction, event or action of the type
described in paragraphs (a) - (j) of Item 4 of Schedule D but
they reserve the right to adopt such plans or proposals in the
future.
4. Depending on market conditions, Mr. Kornelsen plans to purchase
an undetermined number of additional shares from time to time.
He has met with the Registrant's President and requested to be
elected a Director as soon as possible. In the event that the
existing Board of Directors does not promptly respond to his
request to be elected, he reserves the right to call a special
shareholders meeting to vote on the election of himself, and
possibly other nominees, to Registrant's Board of Directors.
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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 thereunto duly authorized.
ELECTROSCOPE, INC.
By: /s/ Karl D. Hawkins
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Chief Financial Officer
Date: April 17, 1998
