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) JULY 15, 2002
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BARRISTER GLOBAL SERVICES NETWORK, INC.
(Exact name of Registrant as specified in its charter)
Delaware 0-14063 16-1176561
(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation) Identification No.)
290 Ellicott Street, Buffalo, New York 14203
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (716) 845-5010
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NOT APPLICABLE
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Former name or former address, if changed since last report.)
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
On July 15, 2002, the Registrant concluded the acquisition of the stock
of Advantage Innovation, Inc. ("Advantage"), a privately held technical services
company for $1,200,000 in cash, plus future considerations. The cash payment was
made from existing cash balances held by the Registrant. Future considerations
consist of two earn out payments to be paid with respect to each of the two
consecutive twelve month periods following the closing date based on the amount
of earnings before interest, taxes, depreciation and amortization achieved by
Advantage. The amount and form of consideration paid was determined through
arms-length negotiations between the Registrant and the shareholders of
Advantage. The shareholders of Advantage were John S. Bowers, III, Albert B.
Petrie, Jr., Frank A. Petrie, Allen J. Shelton and Jared M. Bowers. In
connection with the transaction, Mr. Bowers, Chief Executive Officer of
Advantage, has been appointed as a Vice President of the Registrant.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) and (b) It is currently impracticable to file the required
financial statements for the business acquired, as well as the required
pro-forma financial information with respect to the acquisition at the time this
report was filed. This information will be filed within sixty (60) days after
this Current Report on Form 8-K is required to be filed.
(c) The following exhibit is filed as part of this report:
Exhibit 2. Stock Purchase Agreement, dated July 15, 2002, by and among
Barrister Global Services Network, Inc. and Advantage Innovation, Inc. and the
Shareholders of Advantage Innovation, Inc.
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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.
Barrister Global Services Network, Inc.
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(Registrant)
Date: July 22, 2002 /s/ Richard P. Beyer
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(Signature)
Richard P. Beyer
Senior Vice President and
Chief Financial Officer
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