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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 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) May 24, 1999
MultiMedia Tutorial Services, Inc.
(Exact Name of Registrant as Specified in its Charter)
Delaware 0-25758 73-1293914
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(State or other jurisdiction of (Commission File Number) (I.R.S. Employer
incorporation or organization) Identification Number)
205 Kings Highway, Brooklyn, New York 11223
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number including Area Code: (718) 234-0404
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Item 5. Other Events.
The Company has effected a ten-to-one reverse stock split followed by
an increase in the amount of its authorized Common Stock to 20,000,000
post-split shares. As of July 29, 1999, the issued and outstanding Common Stock
of the Company is approximately 5,271,600 shares.
Item 7. Financial Statements, Pro Forma Financial Information, and Exhibits
(c) Exhibits
99.1 Press release issued May 21, 1999
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 of the
undersigned thereunto duly authorized.
MultiMedia Tutorial Services, Inc.
By: /s/ Barry Reichman
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Barry Reichman, Vice President
Date: July 30, 1999
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Exhibit 99.1
Contact: Morris Berger
(718) 234-0404
MULTI-MEDIA TUTORIAL SERVICES, INC.
REPORTS A REVERSE STOCK SPLIT
New York, May 21, 1999... Multi-Media Tutorial Services, Inc. (OTC: BBMMTS) a
leader in direct marketing, telemarketing and webified customer service,
announced a one (1) for ten (10) reverse split of the Company's Common Stock,
which was approved by a majority of the Company's shareholders in compliance
with the Delaware General Corporation Law. The one (1) for ten (10) reverse
stock split will become effective as of May 24, 1999 (the "Record Date"). On
the Record Date, each ten shares of the Company's outstanding Common Stock,
par value $.01 per share ( the "Old Stock") will automatically convert into one
share of Common Stock, par value $.01 per share (the "New Stock") and the
holders of shares of Old Stock are entitled to receive one share of New Stock
for each ten shares of Old Stock held. The Company's symbols will be changed to
MMTSD and MMTSWD for 20 days after the reverse stock split has become effective.
In addition, the number of authorized shares of Common Stock will increase to
20,000,000 shares of New Stock.
Multi-Media Tutorial Services, Inc. produces and direct markets tutorial
educational programs for use by adults and children. The Company also provides
telemarketing and webified telemarketing to third party customers through its
Multimedia Telemarketing Services division.
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