SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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June 29, 2001 (June 29, 2001)
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(Date of Report (date of earliest event reported))
Opus360 Corporation
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(Exact name of Registrant as specified in its charter)
Delaware 000-29793 13-4023714
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(State or other (Commission File No.) (I.R.S. Employer
jurisdiction of Identification
incorporation) Number)
39 West 13th Street
New York, NY 10011
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(Address of principal (Zip Code)
executive office)
(212) 687-6787
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(Registrant's telephone number, including area code)
None
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(Former name, former address and former fiscal year, if applicable)
Item 5. Other Events
Except as expressly indicated or unless the context otherwise
requires, "Opus360", "we", "our", or "us" means Opus360 Corporation, a
Delaware corporation, and its subsidiaries.
On June 29, 2001, we issued a press release announcing that we have
been notified by the Nasdaq Stock Market that our common stock has been
delisted from the Nasdaq National Market and that, commencing June 29, 2001,
our common stock will trade on the OTC Bulletin Board(R) (OTCBB) under the
same symbol, OPUS.
The press release regarding the item described above is incorporated
herein by reference and the foregoing description of the content thereof is
qualified in its entirety by reference to such exhibit. The press release
should be read in conjunction with the Note Regarding Forward Looking
Statements which is included in the text of the press release.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits
Exhibit 99.1 Press Release dated June 29, 2001:
Opus360 to Trade on OTC Bulletin Board.
SIGNATURE
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.
OPUS360 CORPORATION
By: /s/ Jeanne M. Murphy
Jeanne M. Murphy
Executive Vice President
and General Counsel
Date: June 29, 2001
EXHIBIT INDEX
Exhibit No. Description
99.1 Press Release dated June 29, 2001:
Opus360 to Trade on OTC Bulletin Board.
Exhibit 99.1
Contacts:
Peter Schwartz, Opus360, chief financial officer,
212.884.6432, pschwartz@opus360.com
Carlos Cashman, Opus360, corporate communications director,
212.884.6436 ccashman@opus360.com
OPUS360 TO TRADE ON
OTC BULLETIN BOARD
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NEW YORK, June 28, 2001 - Opus360 Corporation, (OTC BB:OPUS), a leading
provider of eBusiness software for acquiring and managing skilled
professionals, announced today that it has been notified by the Nasdaq Stock
Market that the Company's common stock has been delisted from the Nasdaq
National Market. Commencing June 29, 2001, the Company's common stock will
trade on the OTC Bulletin Board(R) (OTCBB) under the same symbol, OPUS. The
OTCBB is a regulated quotation service that displays real-time quotes,
last-sale prices and volume information in over-the-counter (OTC) equity
securities.
About Opus360 Corporation
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Opus360 provides eBusiness software that enables companies to manage and
acquire skilled professionals strategically. Recently named one of the top 100
technology companies by Forbes magazine and one of the top 100 eProcurement
providers by iSource Business magazine, Opus360's software enables businesses
to get more work done with the employees they have and reduce the cost of
acquiring skilled professionals. Opus360 has sold its products and services to
leading corporations, professional services and staffing firms such as Lucent
Technologies (NYSE: LU), Computer Sciences Corporation (NYSE: CSC), CompuCom
(Nasdaq: CMPC), Computer Task Group (NYSE: CTG) and Global Managed Services.
On April 11, 2001, Opus360 signed a definitive agreement to combine with
Artemis Management Systems, Inc., a wholly-owned subsidiary of Proha PLC and a
leading provider of world class project and resource collaboration solutions.
For more information, visit the Opus360 Website at www.Opus360.com.
Forward Looking Statements
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"Safe Harbor" Statement under the Private Securities Litigation Reform Act of
1995: This press release contains or may contain forward-looking statements
such as statements regarding the likelihood or effect of completing the
combination with Artemis Management Systems, the abilities of the Company and
Artemis Management Systems to successfully integrate their businesses, Artemis
Management Systems' and Opus360's growth and profitability, growth strategy,
operating expense reduction targets and trends in the industry in which
Artemis Management Systems and Opus360 operate. These forward-looking
statements are based on current expectations and are subject to a number of
risks, uncertainties and assumptions. Important factors that could cause
actual results to differ materially from those expressed or implied by these
forward-looking statements are detailed in the documents filed by Opus360 with
the Securities and Exchange Commission including but not limited to those
contained under the risk factors section of the Opus360 Annual Report on Form
10-K dated as of December 31, 2000. Opus360 assumes no obligation to update
these forward-looking statements to reflect actual results, changes in risks,
uncertainties or assumptions underlying or affecting such statements or for
prospective events that may have a retroactive effect.
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