U.S. 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):
September 1, 1997
MVSI, Inc.
(Exact name of registrant as specified in its charter)
__________________
Delaware 0-26614 54-1707718
(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File Number) Identification No.)
8133 Leesburg Pike, Suite 750, Vienna, VA 22182
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code:
(703) 356-5353
Former name or former address, if changed since last report:
n/a
<PAGE>
MVSI, INC.
INFORMATION TO BE INCLUDED IN THE REPORT
Item 1. Changes in Control of Registrant.
None.
Item 2. Acquisition or Disposition of Assets.
None.
Item 3. Bankruptcy or Receivership.
None.
Item 4. Changes in Registrant's Certifying Accountant.
None.
Item 5. Other Events.
On September 1, 1997, the Registrant (MVSI, Inc., Nasdaq: "MVSI")
completed the acquisition of all of the outstanding stock of Technet
Computer Services, Inc. ("Technet"). Founded in 1989, Technet is a
Virginia based computer software development company specializing in
software solutions for corporate clients to include implementing
solutions for the Year 2000 computer problem. MVSI exchanged
400,000 shares of MVSI common stock for all the shares of common
stock held by Technet's sole stockholder. The newly issued MVSI
shares in the acquisition are restricted and may not be sold for at
least one year from the date of issuance.
Item 6. Resignation of Registrant's Directors.
None.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
In accordance with Regulation S-B, Item 310(c), the Registrant has
determined that its acquisition of Technet Computer Services, Inc.
is not considered to be a significant business combination. As none
of the criteria was met requiring the Registrant to provide
financial statements or pro forma financial information, and that
such financial statements and financial information are not readily
available, the Registrant, is not required to, and has not provided
such financial statements or financial information herein.
Item 8. Change in Fiscal Year.
None.
<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.
MVSI, INC.
Date: September 30, 1997 By: EDWARD RATKOVICH
--------------------
Edward Ratkovich
Chairman of the Board
