Conformed Copy
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 6, 1998
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Date of Report (Date of earliest event reported)
NEW PARADIGM SOFTWARE CORP.
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(Exact name of registrant as specified in its charter)
New York 0-26336 13-3725764
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
630 Third Avenue, New York, New York 10017
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (212)-557-0933
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<PAGE>
INFORMATION TO BE INCLUDED IN THE REPORT
Item 5. Other Events.
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Registrant's press release dated March 6, 1998 is filed
herewith as exhibit 20 and is incorporated herein by
reference.
Item 7. Financial Statements and Exhibits.
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(c) Exhibits.
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20. Press release of Registrant dated March 6, 1998.
<PAGE>
SIGNATURE
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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.
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(Registrant)
By /s/ Matthew Fludgate
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Matthew Fludgate
Vice President
and Secretary
Date: March 13, 1998
EXHIBIT INDEX
Sequentially
Exhibit Numbered Page
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20. Press release of Registrant dated 4
March 6, 1998
<PAGE>
NEW PARADIGM ANNOUNCES INTERNET ADVERTISING JOINT VENTURE
NEW YORK, New York, March 6, 1998 - New Paradigm (NASDAQ
Bulletin Board: NPSC) today announced that its New Paradigm
Inter-Link subsidiary has agreed to enter into a "joint
venture" with three New York advertising agencies:
Biederman, Kelly & Shaffer Inc., Advertising; Emmerling Post
Advertising Inc., and Warren Kremer/CMP Advertising Inc.
The joint venture will take the form of a new corporation
known as Future Paradigm, and will provide Website creation,
Internet and e-commerce applications, Internet hosting, and
Internet media buying services. The three agencies, who
collectively report in excess of $150,000,000 in annual
billings, intend to direct their Internet-related business to
Future Paradigm and will have an equity interest therein.
New Paradigm owns 51% of Future Paradigm.
"This joint venture allows BK&S to enhance our concept and
execution resources and provide total measurement
capabilities", said John Kelly, BK&S CEO, "We can now provide
cutting edge Internet execution of this rapidly evolving
technology and artform."
Peter Post, President of Emmerling Post said, "Every one of
our clients is using the Internet to grow their business, and
New Paradigm's incredible knowledge of this technology will
enhance our ability to provide them with expert advice and
access to the latest technologies at a very attractive cost".
"Future Paradigm allows us to offer our clients a
professional and experienced Internet team as part of the
integrated communications strategy which we prepare for
them", said Peter Warren, President of Warren Kremer.
"Each of these agencies has significant clients who can
benefit from New Paradigm's Internet expertise" said Mark
Blundell, New Paradigm CEO. "This joint venture will expand
our potential client-base. It marks the first stage in our
intended transition from a pure project-based Internet
company into an Advertising and Communications company able
to utilize Internet technology to maximize the sales and
marketing objectives of our customers".
This press release may contain statements relating to future
results of the Company (including certain projections and
business trends) that are "forward-looking statements" as
defined in the Private Securities Litigation Reform Act of
1995. Actual results may differ materially from those
projected as a result of certain risks and uncertainties,
including but not limited to those described in the Company's
Post-Effective Amendment No. 2 on form S-3 to the
Registration Statement on Form SB-2 (registration no. 33-
92988NY). Readers are cautioned not to place undue reliance
on these forward-looking statements, which speak only as of
the date hereof. The Company does not undertake any
obligation to release publicly any revisions to these
forward-looking statements to reflect events or circumstances
after the date hereof or to reflect the occurrence of
unanticipated events.
