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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): March 4, 1998
SIGMA ALPHA GROUP, LTD.
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Exact name of Registrant as specified in charter
Delaware 33-90344 23-2498715
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) Number)
1341 North Delaware Avenue, Philadelphia, Pennsylvania 19125
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(Address of principal executive offices) (Zip Code)
215-425-8682
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(Registrant's telephone number, including area code)
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Item 5. Other Events
Effective March 4, 1998, Sigma Alpha Group, Ltd. (the "Company") has
changed its name to Clariti Telecommunications International, Ltd. This change
reflects the fact that, over the past two years, the Company has refocused its
business to concentrate solely on telecommunications. To coincide with the new
name, the Company's stock symbol has changed from "SGAL" to "CLRI." The
Company's common stock is quoted on the National Association of Securities
Dealers over-the-counter market on the OTC Bulletin Board.
According to the Company's Chairman and CEO, Peter S. Pelullo, "The Sigma
Alpha name has served us well, but it was time to develop a name that readily
tells the market what business we are in. By changing the Company name to
Clariti Telecommunications, we are signaling a new era in our corporate life."
Mike McAndrews, the Company President, added, "The name Clariti Telecom-
munications came out of a 3-month naming process, where we focused on the key
attributes that we want associated with our Company. Since we are developing
voice communication products for international markets, we wanted a name that
would emphasize attributes such as 'clear audio sound', communications products
and services' and 'worldwide markets.' We tested a variety of names both in
the U.S. as well as overseas, and Clariti Telecommunications International was
the clear winner. The 'i' at the end of Clariti signifies 'information' since
we will deliver important information - personal messages, news, weather, etc.
- - to consumers in many markets."
The Company is currently developing the Clariti TM Digital Voice Paging
System, the world's first low-cost voice paging systems with digital audio
quality. This patented wireless communications technology uses FM subcarrier
frequencies, so it can be installed in any city where FM radio towers exist.
The Company plans to market its voice paging service in international regions
such as Latin America and China, the world's two fastest-growing paging
markets.
For further information, check the Company's Web site at www.clariti.com
or contact Jacqueline Gaudenzi, Clariti Investor Relations at 215-425-8682.
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Signatures
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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.
SIGMA ALPHA GROUP, LTD.
(Registrant)
March 4, 1998
By: s/James M. Boyd, Jr.
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James M. Boyd, Jr.
Vice President of Finance
and Chief Accounting
Officer
