UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
March 19, 1997
- --------------------------------------------------------------------------
Date of Report (Date of earliest event reported)
NEW PARADIGM SOFTWARE CORP.
- --------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
New York 0-26336 13-3725764
- --------------------------------------------------------------------------
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
733 Third Avenue, New York, New York 10017
- --------------------------------------------------------------------------
(Address of principal executive offices) (Zip
Code)
Registrant's telephone number, including area code
(212)-557-0933
-------------------
PAGE 1 OF 5 SEQUENTIALLY NUMBERED PAGES
EXHIBIT INDEX ON SEQUENTIALLY NUMBERED PAGE 3
<PAGE>
INFORMATION TO BE INCLUDED IN THE REPORT
Item 5. Other Events.
- ---------- -----------------
Registrant's press release dated March 19, 1997 is filed
herewith as exhibit 20 and is incorporated herein by
reference.
Item 7. Financial Statements and Exhibits.
- ---------- ------------------------------------------
(c) Exhibits.
---------
20. Press release of Registrant dated March 19, 1997.
<PAGE>
SIGNATURE
------------------
Pursuant to the requirements of the Securities Exchange
Act of 1934, as amended, the registrant has duly caused this
Current Report to be signed on its behalf by the undersigned
thereunto duly authorized.
NEW PARADIGM SOFTWARE CORP.
------------------------------
(Registrant)
By /s/ John Brann
-------------------------
John Brann
VP Technology
and Secretary
Date: March 19, 1997
<PAGE>
EXHIBIT INDEX
Sequentially
Exhibit Numbered Page
- --------- ---------------
- -----
20. Press release of Registrant dated 4
March 19, 1997
<PAGE>
NEW PARADIGM SOFTWARE CORP.
REPORTS FINANCING - PREFERRED STOCK ISSUE
NEW YORK, MARCH 19, 1997 - New Paradigm Software
Corporation (OTC Symbol: NPSC) today announced that, it has
completed a financing. A private investor has advanced the
Company a total of $200,000.
This will be used to subscribe for 800,000 Class C Redeemable
Preferred Stock of $0.01 par value with the following
principal terms:
1) Each Class C Preferred Share will have four (4) votes on
any matter put to a vote of the Company's stockholders.
2) The Class C Preferred Shares can be redeemed at the
Company's option at any time on payment of $200,000.
3) The Class C Preferred Shares can be redeemed at the
holder's option following any investment in the Company or a
sale of any of the Company's assets where the proceeds are
$2,000,000 or more.
4) The Class C Preferred Shares will have preference in the
event of any liquidation of the Company to the extent of
$200,000.
"New Paradigm is in discussions with a number of parties
concerning possible investments in the Company or purchase of
assets from the Company and this investment will enable us to
continue those discussions to secure the best possible deal
for the Company." said Mark Blundell, Chief Executive Officer
4
